Vontobel Holding Ltd. Takes $568,000 Position in PagerDuty, Inc. (NYSE:PD)

Vontobel Holding Ltd. bought a new stake in PagerDuty, Inc. (NYSE:PD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,532 shares of the company’s stock, valued at approximately $568,000.

Several other institutional investors have also added to or reduced their stakes in the stock. ARK Investment Management LLC boosted its holdings in PagerDuty by 8.1% in the fourth quarter. ARK Investment Management LLC now owns 11,413,423 shares of the company’s stock valued at $264,221,000 after acquiring an additional 858,838 shares during the last quarter. Vanguard Group Inc. boosted its holdings in PagerDuty by 5.8% in the third quarter. Vanguard Group Inc. now owns 9,802,821 shares of the company’s stock valued at $220,465,000 after acquiring an additional 536,763 shares during the last quarter. RGM Capital LLC boosted its holdings in PagerDuty by 1.4% in the third quarter. RGM Capital LLC now owns 4,265,800 shares of the company’s stock valued at $95,938,000 after acquiring an additional 58,895 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in PagerDuty by 5.3% in the third quarter. Clearbridge Investments LLC now owns 4,093,717 shares of the company’s stock valued at $92,068,000 after acquiring an additional 206,274 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in PagerDuty in the third quarter valued at approximately $32,209,000. 97.26% of the stock is currently owned by institutional investors.

PagerDuty Price Performance

Shares of NYSE:PD opened at $20.33 on Tuesday. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 2.61. PagerDuty, Inc. has a twelve month low of $19.18 and a twelve month high of $34.22. The stock’s 50 day moving average is $22.81 and its 200-day moving average is $22.64. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of -23.10 and a beta of 0.91.

PagerDuty (NYSE:PD) last issued its earnings results on Thursday, March 14th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06). PagerDuty had a negative return on equity of 24.65% and a negative net margin of 18.98%. The firm had revenue of $111.12 million for the quarter, compared to analyst estimates of $110.50 million. Sell-side analysts forecast that PagerDuty, Inc. will post -0.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on PD. Morgan Stanley reissued an “equal weight” rating and issued a $30.00 price target on shares of PagerDuty in a research note on Wednesday, January 24th. Canaccord Genuity Group dropped their price target on PagerDuty from $30.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, March 18th. Robert W. Baird dropped their price target on PagerDuty from $25.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, March 15th. Finally, Truist Financial raised PagerDuty from a “hold” rating to a “buy” rating and boosted their price target for the company from $25.00 to $30.00 in a research note on Monday, March 18th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.25.

Insider Buying and Selling

In related news, CFO Howard Wilson sold 8,893 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $25.09, for a total transaction of $223,125.37. Following the completion of the sale, the chief financial officer now owns 507,672 shares in the company, valued at $12,737,490.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other PagerDuty news, CFO Howard Wilson sold 8,893 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $25.09, for a total value of $223,125.37. Following the completion of the transaction, the chief financial officer now owns 507,672 shares in the company, valued at approximately $12,737,490.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mitra Rezvan sold 2,215 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $21.62, for a total value of $47,888.30. Following the completion of the transaction, the chief accounting officer now owns 119,452 shares of the company’s stock, valued at approximately $2,582,552.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,967 shares of company stock worth $424,587. 7.90% of the stock is owned by corporate insiders.

PagerDuty Company 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.