RGM Capital LLC Has $84.67 Million Position in PagerDuty, Inc. (NYSE:PD)

RGM Capital LLC increased its holdings in shares of PagerDuty, Inc. (NYSE:PD) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,564,296 shares of the company’s stock after buying an additional 59,902 shares during the quarter. PagerDuty accounts for approximately 3.7% of RGM Capital LLC’s holdings, making the stock its 14th largest holding. RGM Capital LLC’s holdings in PagerDuty were worth $84,668,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PD. First Horizon Advisors Inc. raised its holdings in shares of PagerDuty by 28.0% during the second quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company’s stock worth $53,000 after acquiring an additional 508 shares during the period. Envestnet Asset Management Inc. boosted its holdings in PagerDuty by 0.4% during the second quarter. Envestnet Asset Management Inc. now owns 123,247 shares of the company’s stock worth $2,826,000 after purchasing an additional 542 shares during the last quarter. Arizona State Retirement System increased its position in shares of PagerDuty by 2.8% during the 2nd quarter. Arizona State Retirement System now owns 24,667 shares of the company’s stock worth $566,000 after purchasing an additional 676 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of PagerDuty by 5.1% during the 2nd quarter. Mackenzie Financial Corp now owns 17,735 shares of the company’s stock worth $407,000 after purchasing an additional 856 shares during the last quarter. Finally, CWM LLC raised its stake in PagerDuty by 7.2% in the second quarter. CWM LLC now owns 12,982 shares of the company’s stock valued at $298,000 after buying an additional 868 shares during the period. 97.26% of the stock is currently owned by institutional investors.

PagerDuty Trading Down 0.1 %

PD stock traded down $0.03 during mid-day trading on Wednesday, hitting $20.88. 116,763 shares of the stock were exchanged, compared to its average volume of 1,116,191. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 2.38. The business has a fifty day moving average price of $18.68 and a 200 day moving average price of $19.59. PagerDuty, Inc. has a 12 month low of $16.46 and a 12 month high of $26.70.

PagerDuty (NYSE:PD) last released its quarterly earnings data on Tuesday, September 3rd. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $115.94 million during the quarter, compared to analyst estimates of $116.52 million. PagerDuty had a negative return on equity of 25.83% and a negative net margin of 18.58%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. As a group, equities analysts anticipate that PagerDuty, Inc. will post -0.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jennifer Tejada sold 38,392 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $20.05, for a total transaction of $769,759.60. Following the transaction, the chief executive officer now directly owns 907,631 shares of the company’s stock, valued at $18,198,001.55. This represents a 4.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Howard Wilson sold 21,066 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $20.02, for a total transaction of $421,741.32. Following the sale, the chief financial officer now owns 545,742 shares of the company’s stock, valued at approximately $10,925,754.84. This represents a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 87,396 shares of company stock worth $1,733,561. Company insiders own 7.60% of the company’s stock.

Analyst Ratings Changes

PD has been the topic of a number of recent research reports. TD Cowen lowered their target price on PagerDuty from $23.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Canaccord Genuity Group cut their target price on PagerDuty from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. The Goldman Sachs Group lowered their price objective on shares of PagerDuty from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Royal Bank of Canada dropped their target price on PagerDuty from $27.00 to $22.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. Finally, Morgan Stanley cut their price target on shares of PagerDuty from $24.00 to $19.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 4th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $21.82.

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.