PagerDuty, Inc. (NYSE:PD) Shares Bought by SteelPeak Wealth LLC

SteelPeak Wealth LLC boosted its stake in shares of PagerDuty, Inc. (NYSE:PD) by 186.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 25,043 shares of the company’s stock after acquiring an additional 16,309 shares during the period. SteelPeak Wealth LLC’s holdings in PagerDuty were worth $465,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in PD. Quarry LP raised its position in PagerDuty by 1,537.2% during the second quarter. Quarry LP now owns 1,408 shares of the company’s stock worth $32,000 after acquiring an additional 1,322 shares during the period. First Horizon Advisors Inc. raised its position in PagerDuty by 28.0% during the second quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company’s stock worth $53,000 after acquiring an additional 508 shares during the period. Fred Alger Management LLC raised its position in PagerDuty by 170.6% during the second quarter. Fred Alger Management LLC now owns 2,503 shares of the company’s stock worth $57,000 after acquiring an additional 1,578 shares during the period. Cambridge Trust Co. acquired a new position in PagerDuty during the first quarter worth $68,000. Finally, Headlands Technologies LLC acquired a new position in PagerDuty during the second quarter worth $114,000. 97.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PD shares. TD Cowen reduced their price objective on shares of PagerDuty from $23.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Canaccord Genuity Group dropped their target price on shares of PagerDuty from $26.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Craig Hallum dropped 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 Wednesday, September 4th. Scotiabank dropped their target price on shares of PagerDuty from $23.00 to $18.00 and set a “sector perform” rating for the company in a report on Wednesday, September 4th. Finally, Royal Bank of Canada dropped their target price on shares of PagerDuty from $27.00 to $22.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, PagerDuty currently has a consensus rating of “Hold” and a consensus price target of $21.82.

Insider Buying and Selling at PagerDuty

In other PagerDuty news, CEO Jennifer Tejada sold 18,750 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $20.09, for a total value of $376,687.50. Following the transaction, the chief executive officer now owns 1,010,861 shares of the company’s stock, valued at $20,308,197.49. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Jennifer Tejada sold 18,750 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $20.09, for a total transaction of $376,687.50. Following the sale, the chief executive officer now owns 1,010,861 shares of the company’s stock, valued at approximately $20,308,197.49. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shelley Webb sold 6,246 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $18.12, for a total transaction of $113,177.52. Following the sale, the insider now directly owns 216,572 shares in the company, valued at $3,924,284.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,938 shares of company stock valued at $542,998 over the last 90 days. 7.60% of the stock is owned by insiders.

PagerDuty Trading Down 2.0 %

Shares of PD opened at $18.06 on Friday. The company has a debt-to-equity ratio of 2.38, a current ratio of 2.13 and a quick ratio of 2.13. PagerDuty, Inc. has a 12-month low of $16.46 and a 12-month high of $26.70. The firm has a 50-day moving average price of $18.34 and a 200 day moving average price of $19.71.

PagerDuty (NYSE:PD) last posted its earnings results on Tuesday, September 3rd. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. PagerDuty had a negative net margin of 18.58% and a negative return on equity of 25.83%. The company had revenue of $115.94 million for the quarter, compared to analysts’ expectations of $116.52 million. During the same quarter in the prior year, the company posted ($0.18) earnings per share. PagerDuty’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, sell-side analysts expect that PagerDuty, Inc. will post -0.37 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.