PagerDuty, Inc. (NYSE:PD) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lessened its stake in shares of PagerDuty, Inc. (NYSE:PD) by 10.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 268,748 shares of the company’s stock after selling 32,293 shares during the period. PagerDuty accounts for approximately 0.9% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 21st biggest position. Stanley Laman Group Ltd. owned approximately 0.28% of PagerDuty worth $6,162,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PD. Mirae Asset Global Investments Co. Ltd. grew its stake in PagerDuty by 10.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,521 shares of the company’s stock valued at $961,000 after acquiring an additional 3,972 shares in the last quarter. Vontobel Holding Ltd. acquired a new position in PagerDuty during the fourth quarter worth $568,000. Mackenzie Financial Corp purchased a new stake in PagerDuty in the 4th quarter valued at $268,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of PagerDuty by 24.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,404 shares of the company’s stock worth $403,000 after acquiring an additional 3,363 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of PagerDuty by 1.7% during the 4th quarter. California Public Employees Retirement System now owns 153,514 shares of the company’s stock valued at $3,554,000 after acquiring an additional 2,608 shares during the last quarter. Hedge funds and other institutional investors own 97.26% of the company’s stock.

Wall Street Analyst Weigh In

PD has been the subject of several analyst reports. The Goldman Sachs Group began coverage on PagerDuty in a research report on Thursday, July 18th. They issued a “neutral” rating and a $24.00 price objective for the company. Canaccord Genuity Group lowered their price target on PagerDuty from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, May 31st. JPMorgan Chase & Co. began coverage on shares of PagerDuty in a report on Thursday, June 27th. They issued a “neutral” rating and a $24.00 price objective on the stock. Scotiabank initiated coverage on shares of PagerDuty in a research note on Friday, June 28th. They set a “sector perform” rating and a $23.00 target price for the company. Finally, Craig Hallum raised shares of PagerDuty from a “hold” rating to a “buy” rating and boosted their price target for the company from $21.00 to $30.00 in a research note on Wednesday, June 12th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PagerDuty currently has a consensus rating of “Hold” and a consensus price target of $26.64.

PagerDuty Stock Down 1.1 %

Shares of NYSE PD traded down $0.22 during mid-day trading on Friday, reaching $19.21. The company had a trading volume of 1,042,563 shares, compared to its average volume of 1,236,826. PagerDuty, Inc. has a 52-week low of $17.92 and a 52-week high of $26.70. The stock has a market cap of $1.84 billion, a P/E ratio of -19.02 and a beta of 1.07. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 2.58. The firm has a 50 day simple moving average of $20.72 and a two-hundred day simple moving average of $21.53.

PagerDuty (NYSE:PD) last released its quarterly earnings results on Thursday, May 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). PagerDuty had a negative return on equity of 28.38% and a negative net margin of 21.34%. The firm had revenue of $111.17 million for the quarter, compared to the consensus estimate of $111.74 million. Sell-side analysts predict that PagerDuty, Inc. will post -0.44 earnings per share for the current year.

Insider Buying and Selling at PagerDuty

In related news, CEO Jennifer Tejada sold 31,250 shares of the stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $21.07, for a total transaction of $658,437.50. Following the completion of the sale, the chief executive officer now directly owns 1,023,579 shares of the company’s stock, valued at $21,566,809.53. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other PagerDuty news, CEO Jennifer Tejada sold 31,250 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $21.07, for a total transaction of $658,437.50. Following the transaction, the chief executive officer now owns 1,023,579 shares in the company, valued at approximately $21,566,809.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Howard Wilson sold 12,108 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $20.49, for a total value of $248,092.92. Following the completion of the sale, the chief financial officer now directly owns 594,202 shares of the company’s stock, valued at $12,175,198.98. The disclosure for this sale can be found here. Insiders sold a total of 91,494 shares of company stock valued at $1,940,293 in the last ninety days. 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.