Rockefeller Capital Management L.P. grew its position in shares of PagerDuty, Inc. (NYSE:PD – Get Rating) by 297.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,298 shares of the company's stock after purchasing an additional 4,712 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in PagerDuty were worth $144,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. acquired a new position in shares of PagerDuty during the 2nd quarter valued at $85,000. Axxcess Wealth Management LLC grew its holdings in shares of PagerDuty by 15.2% in the 2nd quarter. Axxcess Wealth Management LLC now owns 14,503 shares of the company's stock worth $359,000 after acquiring an additional 1,910 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of PagerDuty by 18.3% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 94,971 shares of the company's stock worth $2,353,000 after acquiring an additional 14,692 shares during the last quarter. Transatlantique Private Wealth LLC acquired a new position in shares of PagerDuty in the 2nd quarter worth $389,000. Finally, Seaport Global Advisors LLC acquired a new position in shares of PagerDuty in the 2nd quarter worth $89,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.
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PagerDuty Price Performance
PD opened at $31.31 on Friday. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of -20.60 and a beta of 0.92. PagerDuty, Inc. has a 1 year low of $19.51 and a 1 year high of $38.75. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.18. The stock has a fifty day moving average price of $26.15 and a 200 day moving average price of $25.06.
PagerDuty (NYSE:PD – Get Rating) last released its quarterly earnings data on Thursday, December 1st. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.28) by ($0.03). The firm had revenue of $94.20 million for the quarter, compared to analyst estimates of $92.77 million. PagerDuty had a negative net
margin of 38.11% and a negative return on equity of 47.15%. Analysts forecast that PagerDuty, Inc. will post -1.3 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on PD shares. Royal Bank of Canada decreased their target price on PagerDuty from $38.00 to $32.00 and set an "outperform" rating on the stock in a report on Monday, November 28th. Craig Hallum decreased their target price on PagerDuty to $32.00 in a report on Friday, December 2nd. Canaccord Genuity Group decreased their target price on PagerDuty from $32.00 to $31.00 in a report on Monday, December 5th. Morgan Stanley raised PagerDuty from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $32.00 to $36.00 in a research report on Friday, January 20th. Finally, Robert W. Baird decreased their target price on PagerDuty from $35.00 to $32.00 in a research report on Friday, December 2nd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $33.91.
Insiders Place Their Bets
In other PagerDuty news, CRO Dave Justice sold 2,186 shares of the business's stock in a transaction dated Tuesday, December 20th. The stock was sold at an average price of $26.51, for a total value of $57,950.86. Following the completion of the sale, the executive now owns 402,233 shares of the company's stock, valued at $10,663,196.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Jennifer Tejada sold 191,462 shares of PagerDuty stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $28.30, for a total value of $5,418,374.60. Following the transaction, the chief executive officer now directly owns 602,610 shares in the company, valued at $17,053,863. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Dave Justice sold 2,186 shares of PagerDuty stock in a transaction dated Tuesday, December 20th. The stock was sold at an average price of $26.51, for a total value of $57,950.86. Following the completion of the transaction, the executive now owns 402,233 shares in the company, valued at $10,663,196.83. The disclosure for this sale can be found here. Insiders sold 411,135 shares of company stock valued at $11,526,486 over the last quarter. Insiders own 8.70% of the company's stock.
PagerDuty Profile
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PagerDuty, Inc operates a digital operations management platform. It provides incident management solution that integrates with information technology Ops and DevOps monitoring stacks to improve operational reliability and agility. The firm collect machine generated data from virtually any software-enabled system or device, combine it with human response data, correlating and interpreting this data to understand issues and opportunities that need to be addressed in real-time.
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