Aigen Investment Management LP reduced its holdings in PagerDuty, Inc. (NYSE:PD) by 77.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,009 shares of the company’s stock after selling 56,561 shares during the period. Aigen Investment Management LP’s holdings in PagerDuty were worth $644,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of PD. Baillie Gifford & Co. bought a new stake in shares of PagerDuty during the fourth quarter valued at approximately $25,000. The PNC Financial Services Group Inc. boosted its stake in PagerDuty by 85.6% in the 1st quarter. The PNC Financial Services Group Inc. now owns 620 shares of the company’s stock valued at $26,000 after buying an additional 286 shares in the last quarter. Lederer & Associates Investment Counsel CA acquired a new stake in PagerDuty in the 1st quarter valued at $28,000. Banque Cantonale Vaudoise acquired a new stake in PagerDuty in the 1st quarter valued at $32,000. Finally, Advisory Services Network LLC acquired a new stake in PagerDuty in the 4th quarter valued at $55,000. 91.45% of the stock is currently owned by institutional investors.
Several brokerages recently commented on PD. CIBC boosted their price target on PagerDuty from $45.00 to $50.00 and gave the company an “outperformer” rating in a research note on Friday, June 4th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $42.00 price target on shares of PagerDuty in a research note on Monday, March 15th. Royal Bank of Canada boosted their price target on PagerDuty from $44.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, June 3rd. Monness Crespi & Hardt boosted their price target on PagerDuty from $57.00 to $59.00 in a research note on Thursday, March 18th. Finally, Cowen initiated coverage on PagerDuty in a research note on Friday, March 12th. They issued a “market perform” rating and a $54.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. PagerDuty presently has an average rating of “Hold” and an average target price of $44.42.
PagerDuty (NYSE:PD) last issued its quarterly earnings results on Wednesday, June 2nd. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01. PagerDuty had a negative return on equity of 18.34% and a negative net margin of 32.26%. The business had revenue of $63.59 million for the quarter, compared to analyst estimates of $62.05 million. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. The firm’s revenue for the quarter was up 27.7% compared to the same quarter last year. As a group, equities analysts predict that PagerDuty, Inc. will post -0.91 EPS for the current fiscal year.
In related news, VP Stacey Giamalis sold 8,000 shares of the company’s stock in a transaction dated Tuesday, March 23rd. The stock was sold at an average price of $41.84, for a total value of $334,720.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Dave Justice sold 4,570 shares of the company’s stock in a transaction dated Thursday, March 25th. The shares were sold at an average price of $38.21, for a total value of $174,619.70. The disclosure for this sale can be found here. Insiders have sold 66,465 shares of company stock worth $2,777,349 in the last ninety days. 9.90% of the stock is currently owned by insiders.
PagerDuty, Inc operates a digital operations management platform in the United States and internationally. Its platform harnesses digital signals from virtually any software-enabled system or device, combines it with human response data, and orchestrates teams to take the right actions in real time. The company's platform provides on-call management, event intelligence, incident response, business visibility, and advanced analytics solutions to address digital operations management requirements.
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