XTX Topco Ltd Takes Position in PagerDuty, Inc. (NYSE:PD)

XTX Topco Ltd purchased a new stake in PagerDuty, Inc. (NYSE:PD - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 77,323 shares of the company's stock, valued at approximately $1,434,000. XTX Topco Ltd owned about 0.08% of PagerDuty as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the stock. ARK Investment Management LLC raised its position in PagerDuty by 12.5% during the second quarter. ARK Investment Management LLC now owns 10,604,295 shares of the company's stock valued at $243,156,000 after acquiring an additional 1,180,202 shares in the last quarter. RGM Capital LLC lifted its stake in shares of PagerDuty by 1.3% in the 3rd quarter. RGM Capital LLC now owns 4,564,296 shares of the company's stock valued at $84,668,000 after purchasing an additional 59,902 shares during the period. Loomis Sayles & Co. L P lifted its stake in shares of PagerDuty by 33.4% in the 3rd quarter. Loomis Sayles & Co. L P now owns 808,365 shares of the company's stock valued at $14,995,000 after purchasing an additional 202,382 shares during the period. Bank of New York Mellon Corp boosted its holdings in PagerDuty by 7.6% during the second quarter. Bank of New York Mellon Corp now owns 775,802 shares of the company's stock worth $17,789,000 after buying an additional 54,841 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its position in PagerDuty by 11.7% during the third quarter. Glenmede Trust Co. NA now owns 721,633 shares of the company's stock valued at $13,386,000 after buying an additional 75,771 shares during the period. Institutional investors and hedge funds own 97.26% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PD shares. Morgan Stanley lowered their target price on shares of PagerDuty from $24.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 4th. Canaccord Genuity Group dropped their price objective on PagerDuty from $26.00 to $24.00 and set a "buy" rating on the stock in a report on Wednesday, September 4th. JPMorgan Chase & Co. cut their price objective on PagerDuty from $21.00 to $20.00 and set a "neutral" rating for the company in a research report on Friday, October 25th. TD Cowen decreased their target price on PagerDuty from $23.00 to $19.00 and set a "hold" rating on the stock in a research report on Wednesday, September 4th. Finally, Scotiabank cut their price target on shares of PagerDuty from $23.00 to $18.00 and set a "sector perform" rating for the company in a report on Wednesday, September 4th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, PagerDuty has a consensus rating of "Hold" and a consensus target price of $22.00.

PagerDuty Price Performance

Shares of NYSE PD traded down $0.53 during mid-day trading on Monday, reaching $20.74. The company's stock had a trading volume of 955,849 shares, compared to its average volume of 1,142,888. The stock has a market capitalization of $1.87 billion, a P/E ratio of -25.93 and a beta of 1.09. PagerDuty, Inc. has a 1-year low of $16.46 and a 1-year high of $26.70. The stock has a 50-day moving average of $19.24 and a two-hundred day moving average of $19.62. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.97 and a current ratio of 1.97.

Insider Buying and Selling at PagerDuty

In other PagerDuty news, CFO Howard Wilson sold 21,066 shares of PagerDuty stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $20.02, for a total transaction of $421,741.32. Following the transaction, the chief financial officer now directly owns 545,742 shares of the company's stock, valued at $10,925,754.84. The trade was a 3.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer Tejada sold 38,392 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $20.05, for a total transaction of $769,759.60. Following the completion of the transaction, the chief executive officer now owns 907,631 shares in the company, valued at $18,198,001.55. The trade was a 4.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,396 shares of company stock worth $1,733,561. Insiders own 7.60% of the company's stock.

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.