Vestmark Advisory Solutions Inc. Makes New Investment in PagerDuty, Inc. (NYSE:PD)

Vestmark Advisory Solutions Inc. acquired a new stake in PagerDuty, Inc. (NYSE:PD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 292,767 shares of the company’s stock, valued at approximately $6,778,000. Vestmark Advisory Solutions Inc. owned approximately 0.32% of PagerDuty as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PD. Raymond James Financial Services Advisors Inc. purchased a new position in shares of PagerDuty during the third quarter valued at approximately $209,000. Bank of New York Mellon Corp grew its position in shares of PagerDuty by 9.0% in the third quarter. Bank of New York Mellon Corp now owns 740,372 shares of the company’s stock valued at $16,651,000 after purchasing an additional 60,913 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of PagerDuty by 25.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,041 shares of the company’s stock valued at $316,000 after purchasing an additional 2,836 shares during the period. Washington Capital Management Inc. acquired a new position in PagerDuty in the third quarter valued at $513,000. Finally, Kornitzer Capital Management Inc. KS lifted its position in PagerDuty by 92.6% during the third quarter. Kornitzer Capital Management Inc. KS now owns 296,510 shares of the company’s stock worth $6,669,000 after buying an additional 142,525 shares during the period. Institutional investors and hedge funds own 97.26% of the company’s stock.

Insider Activity at PagerDuty

In other news, insider Shelley Webb sold 6,859 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $22.39, for a total transaction of $153,573.01. Following the transaction, the insider now owns 253,439 shares of the company’s stock, valued at $5,674,499.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other PagerDuty news, CFO Howard Wilson sold 8,893 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $25.09, for a total transaction of $223,125.37. Following the sale, the chief financial officer now directly owns 507,672 shares of the company’s stock, valued at $12,737,490.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shelley Webb sold 6,859 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $22.39, for a total transaction of $153,573.01. Following the completion of the transaction, the insider now owns 253,439 shares in the company, valued at $5,674,499.21. The disclosure for this sale can be found here. Insiders have sold 17,967 shares of company stock valued at $424,587 over the last ninety days. Corporate insiders own 7.90% of the company’s stock.

PagerDuty Stock Down 0.2 %

PagerDuty stock traded down $0.05 during midday trading on Friday, hitting $20.39. 835,124 shares of the company were exchanged, compared to its average volume of 1,100,801. The company has a market cap of $1.89 billion, a PE ratio of -23.17 and a beta of 0.93. PagerDuty, Inc. has a fifty-two week low of $19.18 and a fifty-two week high of $29.97. The company’s fifty day moving average price is $22.24 and its 200-day moving average price is $22.59. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.50 and a quick ratio of 2.50.

PagerDuty (NYSE:PD) last issued its quarterly earnings data on Thursday, March 14th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06). The firm had revenue of $111.12 million during the quarter, compared to analyst estimates of $110.50 million. PagerDuty had a negative return on equity of 24.65% and a negative net margin of 18.98%. On average, research analysts predict that PagerDuty, Inc. will post -0.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PD. Truist Financial raised shares of PagerDuty from a “hold” rating to a “buy” rating and boosted their price objective for the company from $25.00 to $30.00 in a research note on Monday, March 18th. Canaccord Genuity Group dropped their price target on PagerDuty from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, March 18th. Morgan Stanley restated an “equal weight” rating and issued a $30.00 price objective on shares of PagerDuty in a report on Wednesday, January 24th. Finally, Robert W. Baird decreased their target price on PagerDuty from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, March 15th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $27.25.

PagerDuty Company 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.