PagerDuty, Inc. (NYSE:PD) Shares Acquired by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lifted its holdings in shares of PagerDuty, Inc. (NYSE:PD) by 12.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,354 shares of the company’s stock after purchasing an additional 1,178 shares during the quarter. Axxcess Wealth Management LLC’s holdings in PagerDuty were worth $240,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA bought a new stake in PagerDuty in the third quarter valued at about $32,209,000. ARK Investment Management LLC increased its position in shares of PagerDuty by 8.1% in the fourth quarter. ARK Investment Management LLC now owns 11,413,423 shares of the company’s stock worth $264,221,000 after acquiring an additional 858,838 shares in the last quarter. Vanguard Group Inc. increased its position in shares of PagerDuty by 5.8% in the third quarter. Vanguard Group Inc. now owns 9,802,821 shares of the company’s stock worth $220,465,000 after acquiring an additional 536,763 shares in the last quarter. Scout Investments Inc. acquired a new stake in shares of PagerDuty during the third quarter worth approximately $5,347,000. Finally, Bares Capital Management Inc. increased its stake in shares of PagerDuty by 48.9% in the third quarter. Bares Capital Management Inc. now owns 696,283 shares of the company’s stock worth $15,659,000 after acquiring an additional 228,693 shares during the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.

PagerDuty Stock Performance

NYSE:PD opened at $19.77 on Friday. 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 stock has a market cap of $1.89 billion, a P/E ratio of -22.47 and a beta of 0.93. The stock has a 50 day simple moving average of $21.93 and a 200 day simple moving average of $22.57.

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

Insider Buying and Selling

In related news, CAO Mitra Rezvan sold 2,215 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $21.62, for a total transaction of $47,888.30. Following the transaction, the chief accounting officer now directly owns 119,452 shares of the company’s stock, valued at $2,582,552.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other PagerDuty news, CAO Mitra Rezvan sold 2,215 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $21.62, for a total value of $47,888.30. Following the sale, the chief accounting officer now directly owns 119,452 shares in the company, valued at $2,582,552.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Shelley Webb sold 6,859 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $22.39, for a total value of $153,573.01. Following the sale, the insider now owns 253,439 shares in the company, valued at approximately $5,674,499.21. The disclosure for this sale can be found here. Insiders have sold a total of 17,967 shares of company stock valued at $424,587 over the last 90 days. 7.60% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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.