1 week Ago By Defense World Staff
Norges Bank bought a new stake in shares of PagerDuty, Inc. (NYSE:PD – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 269,122 shares of the company’s stock, valued at approximately $4,914,000.
Norges Bank owned 0.30% of PagerDuty as of its most recent filing with the Securities and Exchange Commission. Other institutional investors and hedge funds have also recently modified their holdings of the company.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of PagerDuty by 1.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 218,458 shares of the company’s stock valued at $4,052,000 after acquiring an additional 3,232 shares during the period.
Point72 Asset Management L.P. lifted its holdings in shares of PagerDuty by 1.
4% in the 3rd quarter. Point72 Asset Management L.P.
now owns 58,377 shares of the company’s stock worth $1,083,000 after acquiring an additional 819 shares during the last quarter. Quarry LP lifted its stake in shares of PagerDuty by 98.3% during the 3rd quarter.
Quarry LP now owns 2,792 shares of the company’s stock worth $52,000 after acquiring an additional 1,384 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in PagerDuty in the 3rd quarter valued at about $278,000. Finally, Barclays PLC lifted its holdings in shares of PagerDuty by 24.
2% in the 3rd quarter. Barclays PLC now owns 901,120 shares of the company’s stock worth $16,716,000 after buying an additional 175,733 shares during the period. 97.
26% of the stock is currently owned by hedge funds and other institutional investors. Insider Buying and SellingIn related news, CEO Jennifer Tejada sold 1,569 shares of PagerDuty stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $20.
00, for a total transaction of $31,380.00. Following the completion of the transaction, the chief executive officer now directly owns 868,311 shares of the company’s stock, valued at approximately $17,366,220.
The trade was a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
7.60% of the stock is owned by insiders. Wall Street Analysts Forecast GrowthA number of equities research analysts recently weighed in on PD shares.
Bank of America downgraded PagerDuty from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $23.00 to $18.00 in a research report on Thursday, January 30th.
The Goldman Sachs Group decreased their price objective on shares of PagerDuty from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Friday, March 14th.
Royal Bank of Canada reduced their target price on PagerDuty from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Friday, March 14th.
JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $21.00 target price on shares of PagerDuty in a report on Wednesday, December 11th.
Finally, Canaccord Genuity Group decreased their target price on PagerDuty from $24.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, March 14th.
Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.
73.Check Out Our Latest Stock Analysis on PDPagerDuty Stock PerformanceShares of PD stock opened at $16.56 on Thursday.
The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -20.70 and a beta of 1.
06. PagerDuty, Inc. has a 1 year low of $14.
40 and a 1 year high of $23.12. The stock’s 50-day moving average is $17.
96 and its two-hundred day moving average is $18.60. The company has a debt-to-equity ratio of 3.
52, a quick ratio of 1.97 and a current ratio of 1.97.
PagerDuty (NYSE:PD – Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
16 by $0.06. The firm had revenue of $121.
45 million for the quarter, compared to analyst estimates of $119.53 million. PagerDuty had a negative net margin of 16.
29% and a negative return on equity of 22.02%. PagerDuty’s quarterly revenue was up 9.
3% on a year-over-year basis. During the same period last year, the firm posted $0.17 EPS.
Analysts predict that PagerDuty, Inc. will post -0.27 earnings per share for the current year.
PagerDuty declared that its board has authorized a stock repurchase program on Thursday, March 13th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to reacquire up to 10.
7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued. 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.Read MoreFive stocks we like better than PagerDutyHow to Invest in Small Cap Stocks Quantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreInsider Buying Explained: What Investors Need to KnowAre Tariffs Threatening Disney’s Comeback Story?Stock Sentiment Analysis: How it WorksIs Alphabet a Generational Buying Opportunity at These Levels?Want to see what other hedge funds are holding PD? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for PagerDuty, Inc. (NYSE:PD – Free Report)..
