PagerDuty, Inc. (NYSE:PD) Shares Acquired by M&T Bank Corp

M&T Bank Corp boosted its holdings in PagerDuty, Inc. (NYSE:PD) by 64.7% during the 4th quarter, Holdings Channel reports. The fund owned 92,207 shares of the company’s stock after acquiring an additional 36,220 shares during the quarter. M&T Bank Corp’s holdings in PagerDuty were worth $2,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Natixis Advisors L.P. raised its position in shares of PagerDuty by 13.9% during the 4th quarter. Natixis Advisors L.P. now owns 13,541 shares of the company’s stock worth $313,000 after buying an additional 1,650 shares in the last quarter. a16z Perennial Management L.P. bought a new stake in PagerDuty during the fourth quarter worth approximately $148,000. State of New Jersey Common Pension Fund D lifted its position in PagerDuty by 18.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 115,803 shares of the company’s stock worth $2,681,000 after purchasing an additional 18,400 shares during the period. New York State Common Retirement Fund increased its position in shares of PagerDuty by 1.5% during the 4th quarter. New York State Common Retirement Fund now owns 36,356 shares of the company’s stock valued at $842,000 after purchasing an additional 532 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of PagerDuty by 1.7% in the 4th quarter. California Public Employees Retirement System now owns 153,514 shares of the company’s stock worth $3,554,000 after buying an additional 2,608 shares in the last quarter. Institutional investors own 97.26% of the company’s stock.

Insider Buying and Selling at PagerDuty

In other news, insider Shelley Webb sold 6,859 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $22.39, for a total transaction of $153,573.01. Following the completion of the transaction, the insider now directly owns 253,439 shares in the company, valued at $5,674,499.21. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Shelley Webb sold 6,859 shares of PagerDuty stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $22.39, for a total transaction of $153,573.01. Following the sale, the insider now owns 253,439 shares of the company’s stock, valued at approximately $5,674,499.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mitra Rezvan sold 2,215 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $21.62, for a total value of $47,888.30. Following the completion of the transaction, the chief accounting officer now owns 119,452 shares of the company’s stock, valued at $2,582,552.24. The disclosure for this sale can be found here. Insiders sold 17,967 shares of company stock worth $424,587 over the last ninety days. 7.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Truist Financial raised PagerDuty from a “hold” rating to a “buy” rating and lifted their target price for the stock from $25.00 to $30.00 in a report on Monday, March 18th. Canaccord Genuity Group reduced their target price on shares of PagerDuty from $30.00 to $27.00 and set a “buy” rating for the company in a report on Monday, March 18th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $30.00 price target on shares of PagerDuty in a report on Wednesday, January 24th. Finally, Robert W. Baird reduced their target price on PagerDuty from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, March 15th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $27.25.

PagerDuty Trading Down 2.9 %

NYSE PD opened at $19.53 on Thursday. The company has a market capitalization of $1.87 billion, a PE ratio of -22.19 and a beta of 0.93. PagerDuty, Inc. has a 1-year low of $19.18 and a 1-year high of $29.97. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 2.61. The firm’s fifty day simple moving average is $22.02 and its 200-day simple moving average is $22.59.

PagerDuty (NYSE:PD) last issued its earnings results on Thursday, March 14th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.06). The firm had revenue of $111.12 million during the quarter, compared to analyst estimates of $110.50 million. PagerDuty had a negative return on equity of 24.65% and a negative net margin of 18.98%. As a group, sell-side analysts anticipate that PagerDuty, Inc. will post -0.44 earnings per share for the current fiscal year.

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.