Bank of New York Mellon Corp boosted its position in shares of Pagerduty Inc (NYSE:PD) by 232.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 446,423 shares of the company’s stock after acquiring an additional 312,203 shares during the period. Bank of New York Mellon Corp owned 0.57% of Pagerduty worth $12,777,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Pagerduty by 98.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,452,686 shares of the company’s stock valued at $98,816,000 after buying an additional 1,709,078 shares in the last quarter. Wellington Management Group LLP raised its holdings in Pagerduty by 22.5% in the first quarter. Wellington Management Group LLP now owns 3,608,465 shares of the company’s stock valued at $62,355,000 after buying an additional 662,420 shares during the period. Franklin Resources Inc. raised its holdings in Pagerduty by 60.5% in the first quarter. Franklin Resources Inc. now owns 1,464,868 shares of the company’s stock valued at $25,313,000 after buying an additional 552,275 shares during the period. Yale University purchased a new position in Pagerduty in the first quarter valued at approximately $6,550,000. Finally, Bank of Nova Scotia purchased a new stake in shares of Pagerduty during the second quarter valued at approximately $5,721,000. 76.68% of the stock is currently owned by institutional investors and hedge funds.

In other Pagerduty news, VP Stacey Giamalis sold 11,000 shares of Pagerduty stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $35.03, for a total value of $385,330.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jennifer Tejada sold 52,000 shares of Pagerduty stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $29.89, for a total value of $1,554,280.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 369,412 shares of company stock worth $10,715,109. Corporate insiders own 12.60% of the company’s stock.

A number of analysts have recently issued reports on the stock. Royal Bank of Canada reiterated a “buy” rating on shares of Pagerduty in a research note on Sunday, September 6th. Morgan Stanley dropped their price objective on shares of Pagerduty from $34.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 3rd. Zacks Investment Research lowered shares of Pagerduty from a “hold” rating to a “sell” rating in a research note on Thursday, September 10th. Monness Crespi & Hardt assumed coverage on shares of Pagerduty in a research note on Monday, July 20th. They set a “buy” rating and a $35.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Pagerduty from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $27.53.

Pagerduty stock opened at $24.53 on Wednesday. The company has a 50 day moving average price of $28.74 and a 200 day moving average price of $24.71. Pagerduty Inc has a 52 week low of $12.33 and a 52 week high of $37.24. The company has a debt-to-equity ratio of 0.62, a quick ratio of 5.10 and a current ratio of 5.10. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of -36.07 and a beta of 1.10.

Pagerduty (NYSE:PD) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. The firm had revenue of $50.71 million during the quarter, compared to analyst estimates of $50.67 million. Pagerduty had a negative net margin of 27.41% and a negative return on equity of 16.04%. The company’s revenue was up 25.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.07) EPS. Equities analysts forecast that Pagerduty Inc will post -0.73 earnings per share for the current fiscal year.

Pagerduty Company Profile

PagerDuty, Inc operates an On-Call Management platform. The company's platform collects signals from software-enabled system or device, correlates and interprets signals to identify events, and engages team members to take action in real time. It serves developer, IT, security, and customer support segments.

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Institutional Ownership by Quarter for Pagerduty (NYSE:PD)

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