PagerDuty, Inc. (NYSE:PD) Shares Bought by Holocene Advisors LP

Holocene Advisors LP lifted its stake in shares of PagerDuty, Inc. (NYSE:PD) by 43.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 162,658 shares of the company’s stock after acquiring an additional 49,476 shares during the period. Holocene Advisors LP owned 0.17% of PagerDuty worth $3,017,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ARK Investment Management LLC lifted its stake in shares of PagerDuty by 12.5% during the 2nd quarter. ARK Investment Management LLC now owns 10,604,295 shares of the company’s stock worth $243,156,000 after purchasing an additional 1,180,202 shares during the period. Loomis Sayles & Co. L P boosted its stake in PagerDuty by 33.4% in the 3rd quarter. Loomis Sayles & Co. L P now owns 808,365 shares of the company’s stock worth $14,995,000 after buying an additional 202,382 shares during the last quarter. Edgestream Partners L.P. boosted its stake in PagerDuty by 297.0% in the 3rd quarter. Edgestream Partners L.P. now owns 219,294 shares of the company’s stock worth $4,068,000 after buying an additional 164,061 shares during the last quarter. RGM Capital LLC increased its stake in shares of PagerDuty by 3.3% during the 2nd quarter. RGM Capital LLC now owns 4,504,394 shares of the company’s stock valued at $103,286,000 after acquiring an additional 143,701 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of PagerDuty during the 2nd quarter valued at about $2,956,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

PagerDuty Stock Down 2.6 %

Shares of NYSE:PD opened at $20.99 on Friday. The firm has a market cap of $1.89 billion, a PE ratio of -26.24 and a beta of 1.09. The company has a fifty day simple moving average of $19.14 and a 200 day simple moving average of $19.62. The company has a current ratio of 1.97, a quick ratio of 2.13 and a debt-to-equity ratio of 3.52. PagerDuty, Inc. has a 12-month low of $16.46 and a 12-month high of $26.70.

PagerDuty (NYSE:PD) last released its earnings results on Tuesday, September 3rd. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. PagerDuty had a negative net margin of 16.29% and a negative return on equity of 22.02%. The company had revenue of $115.94 million during the quarter, compared to the consensus estimate of $116.52 million. During the same quarter in the previous year, the firm earned ($0.18) EPS. The company’s revenue was up 7.7% on a year-over-year basis. On average, equities research analysts anticipate that PagerDuty, Inc. will post -0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PD. Scotiabank dropped their price target on shares of PagerDuty from $23.00 to $18.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 4th. TD Cowen decreased their price objective on shares of PagerDuty from $23.00 to $19.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. The Goldman Sachs Group cut their target price on shares of PagerDuty from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. Morgan Stanley lowered their price target on PagerDuty from $24.00 to $19.00 and set an “equal weight” rating for the company in a report on Wednesday, September 4th. Finally, Royal Bank of Canada boosted their price objective on PagerDuty from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, PagerDuty currently has a consensus rating of “Hold” and an average target price of $22.00.

Insider Buying and Selling

In other PagerDuty news, CFO Howard Wilson sold 21,066 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $20.02, for a total value of $421,741.32. Following the transaction, the chief financial officer now owns 545,742 shares of the company’s stock, valued at $10,925,754.84. This trade represents a 3.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jennifer Tejada sold 18,750 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $20.04, for a total value of $375,750.00. Following the sale, the chief executive officer now owns 907,631 shares in the company, valued at $18,188,925.24. The trade was a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,396 shares of company stock worth $1,733,561. Corporate insiders own 7.60% of the company’s stock.

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.