Algert Global LLC Buys 33,740 Shares of PagerDuty, Inc. (NYSE:PD)

Algert Global LLC grew its stake in PagerDuty, Inc. (NYSE:PD) by 98.9% in the third quarter, HoldingsChannel.com reports. The fund owned 67,856 shares of the company’s stock after acquiring an additional 33,740 shares during the period. Algert Global LLC’s holdings in PagerDuty were worth $1,259,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PD. Vanguard Group Inc. increased its stake in shares of PagerDuty by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 9,631,790 shares of the company’s stock valued at $218,449,000 after acquiring an additional 33,454 shares during the last quarter. Cambridge Trust Co. bought a new stake in PagerDuty during the 1st quarter worth approximately $68,000. CWM LLC increased its stake in PagerDuty by 7.2% during the 2nd quarter. CWM LLC now owns 12,982 shares of the company’s stock worth $298,000 after purchasing an additional 868 shares in the last quarter. SteelPeak Wealth LLC bought a new stake in PagerDuty during the 2nd quarter worth approximately $200,000. Finally, Blue Trust Inc. increased its stake in PagerDuty by 16.5% during the 2nd quarter. Blue Trust Inc. now owns 8,872 shares of the company’s stock worth $201,000 after purchasing an additional 1,254 shares in the last quarter. 97.26% of the stock is owned by institutional investors.

Insider Activity

In other PagerDuty news, insider Shelley Webb sold 6,246 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $18.12, for a total transaction of $113,177.52. Following the completion of the sale, the insider now owns 216,572 shares of the company’s stock, valued at $3,924,284.64. This trade represents a 2.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jennifer Tejada sold 38,392 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $20.05, for a total value of $769,759.60. Following the sale, the chief executive officer now directly owns 907,631 shares of the company’s stock, valued at $18,198,001.55. This represents a 4.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 87,396 shares of company stock valued at $1,733,561. 7.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PD shares. JPMorgan Chase & Co. lowered their target price on PagerDuty from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. The Goldman Sachs Group lowered their target price on PagerDuty from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Canaccord Genuity Group lowered their target price on PagerDuty from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Morgan Stanley lowered their target price on PagerDuty from $24.00 to $19.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 4th. Finally, Bank of America decreased their price target on shares of PagerDuty from $28.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, PagerDuty currently has an average rating of “Hold” and an average target price of $22.00.

PagerDuty Price Performance

Shares of PD opened at $21.01 on Friday. The stock has a market capitalization of $1.96 billion, a P/E ratio of -23.61 and a beta of 1.07. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.38. PagerDuty, Inc. has a twelve month low of $16.46 and a twelve month high of $26.70. The company has a 50 day moving average of $18.81 and a 200-day moving average of $19.61.

PagerDuty (NYSE:PD) last released its quarterly earnings data on Tuesday, September 3rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The company had revenue of $115.94 million during the quarter, compared to the consensus estimate of $116.52 million. PagerDuty had a negative return on equity of 25.83% and a negative net margin of 18.58%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.18) EPS. As a group, equities research analysts forecast that PagerDuty, Inc. will post -0.37 EPS for the current fiscal year.

PagerDuty 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.