Janus Henderson Group PLC Sells 309,223 Shares of PagerDuty, Inc. (NYSE:PD)

Janus Henderson Group PLC lessened its holdings in PagerDuty, Inc. (NYSE:PD) by 9.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,995,339 shares of the company’s stock after selling 309,223 shares during the period. Janus Henderson Group PLC owned about 3.22% of PagerDuty worth $55,564,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Holocene Advisors LP grew its holdings in shares of PagerDuty by 43.7% during the third quarter. Holocene Advisors LP now owns 162,658 shares of the company’s stock worth $3,017,000 after purchasing an additional 49,476 shares during the last quarter. Clearline Capital LP grew its holdings in shares of PagerDuty by 72.9% during the third quarter. Clearline Capital LP now owns 99,717 shares of the company’s stock worth $1,850,000 after purchasing an additional 42,037 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in shares of PagerDuty by 12,322.7% during the third quarter. Benjamin Edwards Inc. now owns 48,076 shares of the company’s stock worth $892,000 after purchasing an additional 47,689 shares during the last quarter. Edgestream Partners L.P. grew its holdings in shares of PagerDuty by 297.0% during the third quarter. Edgestream Partners L.P. now owns 219,294 shares of the company’s stock worth $4,068,000 after purchasing an additional 164,061 shares during the last quarter. Finally, Firsthand Capital Management Inc. grew its holdings in shares of PagerDuty by 8,900.0% during the third quarter. Firsthand Capital Management Inc. now owns 90,000 shares of the company’s stock worth $1,670,000 after purchasing an additional 89,000 shares during the last quarter. 97.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PD shares. TD Cowen reduced their target price on PagerDuty from $23.00 to $19.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Morgan Stanley reduced their target price on PagerDuty from $24.00 to $19.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 4th. Craig Hallum reduced their target price on PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Scotiabank reduced their target price on PagerDuty from $23.00 to $18.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. reduced their target price on PagerDuty from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, PagerDuty presently has a consensus rating of “Hold” and a consensus price target of $22.00.

Insider Transactions at PagerDuty

In related news, CEO Jennifer Tejada sold 38,392 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $20.05, for a total value of $769,759.60. Following the completion of the sale, the chief executive officer now directly owns 907,631 shares of the company’s stock, valued at approximately $18,198,001.55. This represents a 4.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Mitra Rezvan sold 2,942 shares of the stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $18.06, for a total value of $53,132.52. Following the completion of the sale, the chief accounting officer now directly owns 108,449 shares of the company’s stock, valued at $1,958,588.94. The trade was a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,396 shares of company stock valued at $1,733,561 over the last ninety days. 7.60% of the stock is owned by company insiders.

PagerDuty Price Performance

Shares of PD opened at $20.99 on Friday. PagerDuty, Inc. has a 52-week low of $16.46 and a 52-week high of $26.70. The company has a debt-to-equity ratio of 3.52, a quick ratio of 2.13 and a current ratio of 1.97. The business’s 50 day moving average price is $19.14 and its two-hundred day moving average price is $19.62. The firm has a market cap of $1.89 billion, a PE ratio of -26.24 and a beta of 1.09.

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

About PagerDuty

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.