Natixis Advisors LLC Decreases Stock Holdings in PagerDuty (NYSE:PD)

Natixis Advisors LLC decreased its holdings in shares of PagerDuty (NYSE:PD) by 7.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,922 shares of the company’s stock after selling 1,617 shares during the period. Natixis Advisors LLC’s holdings in PagerDuty were worth $382,000 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. KBC Group NV acquired a new stake in shares of PagerDuty in the 1st quarter worth $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in PagerDuty during the 4th quarter valued at about $130,000. Teacher Retirement System of Texas purchased a new position in PagerDuty during the 1st quarter valued at about $229,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in PagerDuty during the 1st quarter valued at about $246,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of PagerDuty in the 4th quarter valued at about $263,000. 97.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PD shares. TD Securities decreased their price objective on PagerDuty from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Wednesday, May 21st. Royal Bank Of Canada cut their target price on PagerDuty from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, May 30th. Truist Financial cut their target price on PagerDuty from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, May 30th. Morgan Stanley cut their target price on PagerDuty from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. cut their price target on PagerDuty from $21.00 to $18.00 and set an “underweight” rating on the stock in a research report on Friday, May 30th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, PagerDuty presently has a consensus rating of “Hold” and an average price target of $19.75.

PagerDuty Trading Up 0.3%

NYSE:PD opened at $15.51 on Tuesday. The firm has a market cap of $1.41 billion, a P/E ratio of -38.78, a PEG ratio of 9.27 and a beta of 0.89. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 2.70. The stock’s 50 day simple moving average is $15.27 and its 200-day simple moving average is $16.44. PagerDuty has a 12-month low of $13.69 and a 12-month high of $21.98.

PagerDuty (NYSE:PD) last released its earnings results on Thursday, May 29th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The business had revenue of $119.81 million for the quarter, compared to analyst estimates of $118.98 million. PagerDuty had a negative return on equity of 8.73% and a negative net margin of 7.75%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 earnings per share. Equities analysts anticipate that PagerDuty will post -0.27 EPS for the current year.

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.