Resolute Advisors LLC Acquires New Position in PagerDuty, Inc. (NYSE:PD)

Resolute Advisors LLC purchased a new position in PagerDuty, Inc. (NYSE:PDFree Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,117 shares of the company’s stock, valued at approximately $142,000.

Other large investors also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC raised its holdings in shares of PagerDuty by 100.0% during the 4th quarter. FNY Investment Advisers LLC now owns 2,000 shares of the company’s stock worth $46,000 after acquiring an additional 1,000 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of PagerDuty during the 3rd quarter worth approximately $80,000. a16z Perennial Management L.P. purchased a new stake in shares of PagerDuty during the 4th quarter worth approximately $148,000. Axxcess Wealth Management LLC purchased a new stake in shares of PagerDuty during the 3rd quarter worth approximately $206,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of PagerDuty during the 3rd quarter worth approximately $209,000. 97.26% of the stock is owned by hedge funds and other institutional investors.

PagerDuty Stock Performance

Shares of NYSE:PD traded up $0.18 during trading on Friday, hitting $19.77. The stock had a trading volume of 1,094,084 shares, compared to its average volume of 910,361. PagerDuty, Inc. has a 12-month low of $19.18 and a 12-month high of $28.27. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of -22.47 and a beta of 0.93. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 2.61. The stock has a 50-day simple moving average of $21.25 and a two-hundred day simple moving average of $22.60.

PagerDuty (NYSE:PDGet Free Report) last posted its earnings results on Thursday, March 14th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.06). The company had revenue of $111.12 million for 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%. On average, equities research analysts expect that PagerDuty, Inc. will post -0.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Robert W. Baird decreased their price objective on PagerDuty from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, March 15th. Truist Financial upgraded PagerDuty from a “hold” rating to a “buy” rating and increased their price target for the company from $25.00 to $30.00 in a report on Monday, March 18th. Finally, Canaccord Genuity Group decreased their price target on PagerDuty from $30.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, March 18th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.25.

Get Our Latest Stock Report on PD

Insider Buying and Selling

In other PagerDuty news, insider Shelley Webb sold 6,859 shares of the firm’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 value of $153,573.01. Following the sale, the insider now directly owns 253,439 shares of the company’s stock, valued at $5,674,499.21. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other PagerDuty news, insider Shelley Webb sold 6,859 shares of the firm’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 value of $153,573.01. Following the sale, the insider now directly owns 253,439 shares of the company’s stock, valued at $5,674,499.21. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Mitra Rezvan sold 2,215 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 119,452 shares in the company, valued at $2,582,552.24. The disclosure for this sale can be found here. 7.60% of the stock is owned by corporate insiders.

About PagerDuty

(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

Institutional Ownership by Quarter for PagerDuty (NYSE:PD)

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