IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in PagerDuty (NYSE:PD – Free Report) by 187.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 181,719 shares of the company’s stock after purchasing an additional 118,551 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned approximately 0.20% of PagerDuty worth $2,777,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the stock. ARK Investment Management LLC boosted its stake in PagerDuty by 1.9% in the 1st quarter. ARK Investment Management LLC now owns 9,170,848 shares of the company’s stock valued at $167,551,000 after buying an additional 174,501 shares in the last quarter. RGM Capital LLC boosted its stake in PagerDuty by 12.6% in the 1st quarter. RGM Capital LLC now owns 5,649,592 shares of the company’s stock valued at $103,218,000 after buying an additional 634,131 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in PagerDuty by 11.6% in the 1st quarter. Bank of New York Mellon Corp now owns 1,010,175 shares of the company’s stock valued at $18,456,000 after buying an additional 104,838 shares in the last quarter. Millennium Management LLC boosted its stake in PagerDuty by 55.4% in the 1st quarter. Millennium Management LLC now owns 1,005,111 shares of the company’s stock valued at $18,363,000 after buying an additional 358,347 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in PagerDuty by 5.8% in the 1st quarter. Deutsche Bank AG now owns 845,340 shares of the company’s stock valued at $15,444,000 after buying an additional 46,289 shares in the last quarter. 97.26% of the stock is currently owned by institutional investors.
PagerDuty Stock Up 0.4%
NYSE:PD opened at $16.24 on Tuesday. The stock’s fifty day moving average price is $16.23 and its two-hundred day moving average price is $15.72. PagerDuty has a 52-week low of $13.69 and a 52-week high of $21.98. The company has a debt-to-equity ratio of 2.18, a quick ratio of 2.39 and a current ratio of 2.39. The company has a market cap of $1.51 billion, a price-to-earnings ratio of -101.49, a P/E/G ratio of 11.76 and a beta of 0.82.
Analyst Upgrades and Downgrades
Several brokerages recently commented on PD. Wall Street Zen raised PagerDuty from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 31st. Canaccord Genuity Group decreased their price target on PagerDuty from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Cowen upgraded PagerDuty from a “hold” rating to a “buy” rating in a research report on Monday, July 28th. Royal Bank Of Canada decreased their price target on PagerDuty from $20.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of PagerDuty in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $18.70.
Get Our Latest Analysis on PagerDuty
PagerDuty 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.
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