Globeflex Capital L P Invests $496,000 in PagerDuty, Inc. (NYSE:PD)

Globeflex Capital L P acquired a new stake in shares of PagerDuty, Inc. (NYSE:PDFree Report) during the fourth quarter, Holdings Channel reports. The fund acquired 27,137 shares of the company’s stock, valued at approximately $496,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Picton Mahoney Asset Management bought a new stake in PagerDuty in the fourth quarter valued at approximately $58,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of PagerDuty by 22.3% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 13,700 shares of the company’s stock worth $247,000 after purchasing an additional 2,500 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of PagerDuty by 18.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 579,305 shares of the company’s stock valued at $10,578,000 after buying an additional 89,400 shares during the period. AlphaQuest LLC raised its holdings in shares of PagerDuty by 140.6% during the fourth quarter. AlphaQuest LLC now owns 109,642 shares of the company’s stock valued at $2,002,000 after acquiring an additional 64,068 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in PagerDuty by 24.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,061 shares of the company’s stock worth $184,000 after acquiring an additional 1,965 shares during the period. Institutional investors own 97.26% of the company’s stock.

PagerDuty Stock Performance

PagerDuty stock opened at $18.41 on Friday. The company has a market cap of $1.66 billion, a PE ratio of -23.01 and a beta of 1.12. PagerDuty, Inc. has a twelve month low of $15.49 and a twelve month high of $23.85. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 3.52. The company’s 50-day moving average price is $18.24 and its 200-day moving average price is $18.69.

PagerDuty (NYSE:PDGet Free Report) last released its earnings results on Thursday, March 13th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. The firm had revenue of $121.45 million for the quarter, compared to the consensus estimate of $119.53 million. PagerDuty had a negative return on equity of 22.02% and a negative net margin of 16.29%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS. On average, equities research analysts forecast that PagerDuty, Inc. will post -0.27 EPS for the current fiscal year.

PagerDuty announced that its Board of Directors has initiated a stock repurchase plan 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 plans are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

PD has been the subject of several research analyst reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $21.00 target price on shares of PagerDuty in a research report on Wednesday, December 11th. Canaccord Genuity Group lowered their target price on shares of PagerDuty from $24.00 to $23.00 and set a “buy” rating for the company in a report on Friday. The Goldman Sachs Group reduced their price objective on PagerDuty from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Friday. Royal Bank of Canada lowered their price target on PagerDuty from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Truist Financial decreased their target price on shares of PagerDuty from $30.00 to $26.00 and set a “buy” rating for the company in a report on Friday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $20.73.

Read Our Latest Analysis on PD

Insiders Place Their Bets

In related news, insider Shelley Webb sold 7,879 shares of PagerDuty stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $18.19, for a total value of $143,319.01. Following the completion of the sale, the insider now directly owns 199,122 shares in the company, valued at $3,622,029.18. The trade was a 3.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 in the company, valued at $17,366,220. This trade represents a 0.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,048 shares of company stock valued at $186,699 over the last 90 days. Insiders own 7.60% of the company’s stock.

PagerDuty Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding PD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PagerDuty, Inc. (NYSE:PDFree Report).

Institutional Ownership by Quarter for PagerDuty (NYSE:PD)

Receive News & Ratings for PagerDuty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PagerDuty and related companies with MarketBeat.com's FREE daily email newsletter.