Vestmark Advisory Solutions Inc. Lowers Position in PagerDuty $PD

Vestmark Advisory Solutions Inc. trimmed its holdings in shares of PagerDuty (NYSE:PD) by 47.3% during the 3rd quarter, Holdings Channel reports. The fund owned 205,999 shares of the company’s stock after selling 185,216 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in PagerDuty were worth $3,403,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PD. Arizona State Retirement System lifted its position in shares of PagerDuty by 2.6% in the 3rd quarter. Arizona State Retirement System now owns 25,911 shares of the company’s stock worth $428,000 after purchasing an additional 658 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in PagerDuty by 1.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,601 shares of the company’s stock worth $943,000 after buying an additional 671 shares in the last quarter. California State Teachers Retirement System raised its stake in PagerDuty by 1.4% in the second quarter. California State Teachers Retirement System now owns 81,474 shares of the company’s stock worth $1,245,000 after buying an additional 1,129 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in PagerDuty by 20.0% during the second quarter. Teacher Retirement System of Texas now owns 15,058 shares of the company’s stock worth $230,000 after buying an additional 2,511 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in PagerDuty by 4.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 64,016 shares of the company’s stock valued at $1,058,000 after acquiring an additional 2,582 shares in the last quarter. Institutional investors own 97.26% of the company’s stock.

Insider Activity

In related news, Director Dan Alexandru Solomon sold 266,667 shares of the firm’s stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $13.35, for a total value of $3,560,004.45. Following the completion of the transaction, the director owned 2,389,665 shares in the company, valued at $31,902,027.75. This trade represents a 10.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 8.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Morgan Stanley set a $9.00 price target on PagerDuty in a research report on Thursday. Wall Street Zen upgraded PagerDuty from a “hold” rating to a “buy” rating in a research note on Sunday, January 25th. Craig Hallum downgraded shares of PagerDuty from a “buy” rating to a “hold” rating and reduced their target price for the stock from $20.00 to $15.00 in a report on Wednesday, November 26th. Zacks Research cut shares of PagerDuty from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of PagerDuty in a research report on Wednesday, February 11th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $16.00.

PagerDuty Stock Down 5.0%

NYSE:PD opened at $6.24 on Tuesday. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.23. PagerDuty has a twelve month low of $6.18 and a twelve month high of $19.70. The company has a market cap of $572.98 million, a PE ratio of 3.90, a P/E/G ratio of 1.64 and a beta of 0.66. The company’s 50 day moving average is $10.67 and its two-hundred day moving average is $13.74.

PagerDuty (NYSE:PD) last posted its quarterly earnings data on Tuesday, November 25th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.24 by $0.09. The business had revenue of $124.55 million during the quarter, compared to the consensus estimate of $124.92 million. PagerDuty had a net margin of 31.12% and a return on equity of 10.27%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 earnings per share. Analysts anticipate that PagerDuty will post -0.27 EPS for the current year.

About PagerDuty

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. Its platform includes PagerDuty Incident Management that provides a real-time view across the status of a digital service while incorporating noise reduction to remove false positives; AIOps that applies machine learning to correlate and automate the identification of incidents from billions of events; Process Automation offers centralized design time and run time environment for orchestrating automated workflows that span across departments, technologies, and networks; Customer Service Operations, which is offered to orchestrate, automate, and scale responses to customer impacting issues.