Sigma Planning Corp cuts its stake in PagerDuty, Inc. (NYSE:PD)

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Sigma Planning Corp reduced its holdings of PagerDuty, Inc. (NYSE:PD – Get Rating) stock by 8.9% in Q1, Holdings Channel.com reports. The company held 15,970 shares of the company after selling 1,562 shares during the quarter. Sigma Planning Corp’s holdings in PagerDuty were worth $546,000 when it last filed with the SEC.

A number of other hedge funds also bought and sold shares of PD. Invesco Ltd. increased its stake in PagerDuty by 19.5% during the third quarter. Invesco Ltd. now owns 41,960 shares of the company worth $1,738,000 after purchasing an additional 6,836 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in PagerDuty by 93.6% during the third quarter. BNP Paribas Arbitrage SA now owns 25,577 shares in the company worth $1,059,000 after purchasing an additional 12,364 shares in the last quarter. Bank of New York Mellon Corp increased its stake in PagerDuty by 19.9% ​​during the third quarter. Bank of New York Mellon Corp now owns 872,823 shares of the company worth $36,152,000 after purchasing an additional 144,609 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in PagerDuty by 5.0% during the third quarter. UBS Asset Management Americas Inc. now owns 84,256 shares of the company worth $3,490,000 after purchasing an additional 4,042 shares in the last quarter. Finally, Concord Wealth Partners increased its stake in PagerDuty by 318.1% during the fourth quarter. Concord Wealth Partners now owns 3,341 shares of the company worth $116,000 after purchasing an additional 2,542 shares in the last quarter. Hedge funds and other institutional investors own 89.33% of the company’s shares.

Shares of PD opened at $27.83 on Friday. The company’s fifty-day moving average price is $25.49 and its 200-day moving average price is $30.08. PagerDuty, Inc. has a 1-year low of $21.72 and a 1-year high of $50.33. The company has a market capitalization of $2.44 billion, a PE ratio of -20.17 and a beta of 1.12. The company has a debt ratio of 1.10, a current ratio of 2.54 and a quick ratio of 2.54.

PagerDuty (NYSE:PD – Get Rating) last reported quarterly earnings data on Thursday, June 2. The company reported ($0.04) earnings per share for the quarter, beating analyst consensus estimates of ($0.08) by $0.04. PagerDuty had a negative return on equity of 41.92% and a negative net margin of 38.83%. The company posted revenue of $85.37 million for the quarter, versus analyst estimates of $82.67 million. In the same quarter a year earlier, the company posted ($0.27) earnings per share. PagerDuty’s quarterly revenue increased 34.3% year over year. Equity research analysts expect PagerDuty, Inc. to post -1.25 earnings per share for the current fiscal year.

PD has been the subject of several reports by research analysts. Monness Crespi & Hardt reduced their price target on PagerDuty to $35.00 in a Thursday, May 26 research report. The Canaccord Genuity Group began covering PagerDuty in a research report on Thursday. They set a “buy” rating and a price target of $32.00 on the stock. The Canaccord Genuity Group began covering PagerDuty in a research report on Thursday. They set a “buy” rating and a price target of $32.00 on the stock. Cowen reduced his price target on PagerDuty to $40.00 in a Friday, May 27 research report. Finally, Craig Hallum cut his price target on PagerDuty from $45.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, June 3. Two equity research analysts gave the stock a hold rating and ten gave the stock a buy rating. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.35.

In other PagerDuty news, Director Elena Gomez sold 25,166 shares of the company in a trade on Tuesday, June 21. The stock was sold at an average price of $25.03, for a total transaction of $629,904.98. Following the sale, the administrator now directly owns 18,409 shares of the company, valued at $460,777.27. The transaction was disclosed in a document filed with the SEC, which can be accessed on the SEC’s website. Additionally, CEO Jennifer Tejada sold 68,182 shares of the company in a trade on Monday, April 11. The stock was sold at an average price of $31.17, for a total value of $2,125,232.94. Following the sale, the CEO now owns 897,974 shares of the company, valued at $27,989,849.58. The disclosure of this sale can be found here. Insiders sold 188,760 shares of the company worth $5,384,046 in the past ninety days. 8.70% of the shares are currently held by company insiders.

About PagerDuty (Get an assessment)

PagerDuty, Inc operates a digital operations management platform in the United States, Japan and internationally. Its digital operations management platform collects digital signals of data from virtually any software-enabled system or device, and leverages powerful machine learning to correlate, process and predict opportunities and issues. .

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Want to see what other hedge funds hold PDs? Visit HoldingsChannel.com for the latest 13F filings and insider trading for PagerDuty, Inc. (NYSE:PD – Get Rating).

Institutional ownership by quarter for PagerDuty (NYSE:PD)



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