Loomis Sayles & Co. L P Has $15 Million Position in PagerDuty, Inc. (NYSE:PD)

Loomis Sayles & Co. L P raised its position in PagerDuty, Inc. (NYSE:PD) by 33.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 808,365 shares of the company’s stock after purchasing an additional 202,382 shares during the period. Loomis Sayles & Co. L P’s holdings in PagerDuty were worth $14,995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. ARK Investment Management LLC increased its holdings in shares of PagerDuty by 12.5% during the second quarter. ARK Investment Management LLC now owns 10,604,295 shares of the company’s stock worth $243,156,000 after purchasing an additional 1,180,202 shares during the period. Vanguard Group Inc. increased its stake in PagerDuty by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 9,631,790 shares of the company’s stock worth $218,449,000 after acquiring an additional 33,454 shares during the period. RGM Capital LLC raised its holdings in PagerDuty by 3.3% in the 2nd quarter. RGM Capital LLC now owns 4,504,394 shares of the company’s stock valued at $103,286,000 after acquiring an additional 143,701 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in PagerDuty by 7.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 775,802 shares of the company’s stock valued at $17,789,000 after acquiring an additional 54,841 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of PagerDuty by 4.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 489,905 shares of the company’s stock valued at $9,088,000 after acquiring an additional 21,126 shares during the period. Institutional investors own 97.26% of the company’s stock.

Wall Street Analyst Weigh In

PD has been the subject of a number of analyst reports. JPMorgan Chase & Co. dropped their price target on PagerDuty from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Scotiabank decreased their target price on shares of PagerDuty from $23.00 to $18.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 4th. Bank of America reduced their price target on shares of PagerDuty from $28.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Royal Bank of Canada lowered their price objective on shares of PagerDuty from $27.00 to $22.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. Finally, Morgan Stanley reduced their target price on PagerDuty from $24.00 to $19.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 4th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, PagerDuty currently has a consensus rating of “Hold” and an average price target of $21.82.

PagerDuty Stock Up 1.3 %

Shares of NYSE:PD opened at $20.91 on Wednesday. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 2.38. PagerDuty, Inc. has a 52-week low of $16.46 and a 52-week high of $26.70. The company has a fifty day moving average of $18.68 and a 200-day moving average of $19.59.

PagerDuty (NYSE:PD) last posted its earnings results on Tuesday, September 3rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $115.94 million during the quarter, compared to the consensus estimate of $116.52 million. PagerDuty had a negative return on equity of 25.83% and a negative net margin of 18.58%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company earned ($0.18) earnings per share. Analysts forecast that PagerDuty, Inc. will post -0.37 EPS for the current year.

Insider Buying and Selling

In other news, CAO Mitra Rezvan sold 2,942 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $18.06, for a total value of $53,132.52. Following the completion of the sale, the chief accounting officer now owns 108,449 shares of the company’s stock, valued at approximately $1,958,588.94. This represents a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jennifer Tejada sold 18,750 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $20.04, for a total value of $375,750.00. Following the transaction, the chief executive officer now owns 907,631 shares of the company’s stock, valued at $18,188,925.24. This trade represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 87,396 shares of company stock worth $1,733,561 in the last ninety days. Company insiders own 7.60% of the company’s stock.

PagerDuty Company Profile

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.