5,925 Shares in PagerDuty, Inc. (NYSE:PD) Purchased by Hoylecohen LLC

Posted by Stanley Muller on Aug 6th, 2023

Hoylecohen LLC acquired a new position in shares of PagerDuty, Inc. (NYSE:PD – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,925 shares of the company’s stock, valued at approximately $207,000.

Several other large investors have also made changes to their positions in PD. Victory Capital Management Inc. raised its holdings in PagerDuty by 5.2% in the 1st quarter. Victory Capital Management Inc. now owns 9,477 shares of the company’s stock valued at $332,000 after acquiring an additional 471 shares in the last quarter. American International Group Inc. raised its holdings in PagerDuty by 1.3% in the 4th quarter. American International Group Inc. now owns 40,906 shares of the company’s stock valued at $1,086,000 after acquiring an additional 508 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in PagerDuty by 1.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 34,383 shares of the company’s stock valued at $913,000 after acquiring an additional 518 shares in the last quarter. Sigma Planning Corp grew its stake in shares of PagerDuty by 5.9% in the 4th quarter. Sigma Planning Corp now owns 10,437 shares of the company’s stock valued at $277,000 after purchasing an additional 585 shares during the period. Finally, Amalgamated Bank grew its stake in shares of PagerDuty by 4.7% in the 4th quarter. Amalgamated Bank now owns 14,343 shares of the company’s stock valued at $381,000 after purchasing an additional 650 shares during the period. Institutional investors and hedge funds own 91.61% of the company’s stock.

PagerDuty Stock Up 2.2 %

NYSE PD opened at $24.96 on Friday. The firm has a market cap of $2.30 billion, a PE ratio of -20.80 and a beta of 0.87. PagerDuty, Inc. has a one year low of $19.51 and a one year high of $35.33. The stock’s 50 day simple moving average is $23.52 and its 200 day simple moving average is $27.96. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.41 and a quick ratio of 2.41.

PagerDuty (NYSE:PD – Get Free Report) last released its quarterly earnings results on Thursday, June 1st. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.11. The business had revenue of $103.25 million for the quarter, compared to analyst estimates of $103.25 million. PagerDuty had a negative return on equity of 35.07% and a negative net margin of 27.74%. PagerDuty’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.33) EPS. As a group, sell-side analysts forecast that PagerDuty, Inc. will post -0.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PD shares. Royal Bank of Canada lowered their price objective on PagerDuty from $37.00 to $32.00 in a research note on Friday, June 2nd. Robert W. Baird lowered their price objective on PagerDuty from $35.00 to $32.00 in a research note on Friday, June 2nd. Finally, Craig Hallum lowered PagerDuty from a “buy” rating to a “hold” rating and set a $26.00 price objective on the stock. in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.44.

Insider Buying and Selling at PagerDuty

In other PagerDuty news, CEO Jennifer Tejada sold 75,000 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $29.06, for a total value of $2,179,500.00. Following the transaction, the chief executive officer now directly owns 796,627 shares in the company, valued at approximately $23,149,980.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other PagerDuty news, CFO Howard Wilson sold 4,260 shares of the stock in a transaction on Friday, July 14th. The stock was sold at an average price of $25.03, for a total value of $106,627.80. Following the transaction, the chief financial officer now directly owns 557,046 shares in the company, valued at approximately $13,942,861.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jennifer Tejada sold 75,000 shares of the stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $29.06, for a total value of $2,179,500.00. Following the completion of the transaction, the chief executive officer now directly owns 796,627 shares in the company, valued at approximately $23,149,980.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 125,148 shares of company stock worth $3,273,128. Insiders own 7.90% of the company’s stock.

PagerDuty Company Profile

(Free Report)

PagerDuty, Inc engages in the operation of a digital operations management platform in the United States, EMEA, the Asia Pacific, and Japan. The company's digital operations management platform collects data and digital signals from virtually any software-enabled system or device and leverage powerful machine learning to correlate, process, and predict opportunities and issues.