XTX Topco Ltd Has $1.05 Million Holdings in PagerDuty, Inc. (NYSE:PD)

XTX Topco Ltd cut its stake in PagerDuty, Inc. (NYSE:PD - Free Report) by 25.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,714 shares of the company's stock after selling 19,609 shares during the period. XTX Topco Ltd owned 0.06% of PagerDuty worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of PD. AMI Asset Management Corp lifted its stake in shares of PagerDuty by 154.2% in the 4th quarter. AMI Asset Management Corp now owns 56,156 shares of the company's stock valued at $1,025,000 after purchasing an additional 34,063 shares during the period. Geode Capital Management LLC increased its stake in shares of PagerDuty by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,151,314 shares of the company's stock valued at $39,915,000 after acquiring an additional 37,147 shares during the last quarter. Franklin Resources Inc. boosted its stake in PagerDuty by 5.4% during the 3rd quarter. Franklin Resources Inc. now owns 32,915 shares of the company's stock worth $614,000 after acquiring an additional 1,701 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in PagerDuty by 12.4% during the fourth quarter. Bank of New York Mellon Corp now owns 905,337 shares of the company's stock valued at $16,531,000 after purchasing an additional 100,207 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in PagerDuty by 285.8% during the third quarter. JPMorgan Chase & Co. now owns 1,263,841 shares of the company's stock valued at $23,444,000 after purchasing an additional 936,257 shares during the period. Institutional investors and hedge funds own 97.26% of the company's stock.

Insider Activity

In related news, CEO Jennifer Tejada sold 1,569 shares of the firm's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $20.00, for a total transaction of $31,380.00. Following the transaction, the chief executive officer now directly owns 868,311 shares of the company's stock, valued at approximately $17,366,220. This trade represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.60% of the stock is owned by company insiders.

PagerDuty Stock Performance

Shares of PagerDuty stock traded down $0.38 during trading on Monday, hitting $14.36. 149,177 shares of the stock were exchanged, compared to its average volume of 1,074,128. PagerDuty, Inc. has a 1-year low of $14.33 and a 1-year high of $23.12. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -17.95 and a beta of 1.06. The company has a fifty day moving average price of $17.43 and a 200-day moving average price of $18.46. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 3.52.

PagerDuty (NYSE:PD - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.06. PagerDuty had a negative return on equity of 22.02% and a negative net margin of 16.29%. The company had revenue of $121.45 million during the quarter, compared to analysts' expectations of $119.53 million. During the same period last year, the firm posted $0.17 earnings per share. The business's revenue was up 9.3% on a year-over-year basis. As a group, equities analysts predict that PagerDuty, Inc. will post -0.27 EPS for the current fiscal year.

PagerDuty announced that its Board of Directors has initiated a share buyback program on Thursday, March 13th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PD. Morgan Stanley decreased their price target on shares of PagerDuty from $20.00 to $17.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Canaccord Genuity Group cut their price objective on PagerDuty from $24.00 to $23.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Bank of America downgraded shares of PagerDuty from a "buy" rating to an "underperform" rating and dropped their target price for the stock from $23.00 to $18.00 in a report on Thursday, January 30th. Truist Financial reduced their target price on shares of PagerDuty from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Finally, The Goldman Sachs Group cut their price target on PagerDuty from $21.00 to $18.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $20.55.

About PagerDuty

PagerDuty, Inc engages in the operation of a digital operations management platform in the United States and internationally. The company's digital operations management platform collects data and digital signals from virtually any software-enabled system or device and leverage machine learning to correlate, process, and predict opportunities and issues.