CANADA LIFE ASSURANCE Co Sells 45,778 Shares of PagerDuty, Inc. (NYSE:PD)

CANADA LIFE ASSURANCE Co reduced its stake in shares of PagerDuty, Inc. (NYSE:PD) by 18.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 206,414 shares of the company’s stock after selling 45,778 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in PagerDuty were worth $3,765,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PD. JPMorgan Chase & Co. boosted its position in shares of PagerDuty by 285.8% during the third quarter. JPMorgan Chase & Co. now owns 1,263,841 shares of the company’s stock valued at $23,444,000 after buying an additional 936,257 shares during the last quarter. Barclays PLC boosted its holdings in PagerDuty by 2.0% during the 4th quarter. Barclays PLC now owns 918,762 shares of the company’s stock worth $16,777,000 after acquiring an additional 17,642 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of PagerDuty by 12.4% in the 4th quarter. Bank of New York Mellon Corp now owns 905,337 shares of the company’s stock worth $16,531,000 after acquiring an additional 100,207 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of PagerDuty by 7.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 824,250 shares of the company’s stock valued at $15,051,000 after purchasing an additional 55,233 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its position in shares of PagerDuty by 0.5% during the fourth quarter. Loomis Sayles & Co. L P now owns 812,609 shares of the company’s stock valued at $14,838,000 after purchasing an additional 4,244 shares in the last quarter. 97.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PD shares. Morgan Stanley reduced their price objective on shares of PagerDuty from $20.00 to $17.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Royal Bank of Canada decreased their price target on PagerDuty from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. Truist Financial lowered their target price on PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Bank of America cut shares of PagerDuty from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $23.00 to $18.00 in a report on Thursday, January 30th. Finally, The Goldman Sachs Group reduced their price objective on PagerDuty from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, PagerDuty has an average rating of “Hold” and a consensus price target of $20.55.

PagerDuty Trading Up 0.3 %

NYSE:PD opened at $15.72 on Friday. PagerDuty, Inc. has a 1 year low of $14.30 and a 1 year high of $23.12. The stock’s fifty day moving average price is $17.03 and its two-hundred day moving average price is $18.36. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market cap of $1.43 billion, a P/E ratio of -19.65 and a beta of 1.06.

PagerDuty (NYSE:PD) last issued its earnings results on Thursday, March 13th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. PagerDuty had a negative return on equity of 22.02% and a negative net margin of 16.29%. The business had revenue of $121.45 million during the quarter, compared to the consensus estimate of $119.53 million. During the same quarter last year, the company earned $0.17 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. As a group, analysts expect that PagerDuty, Inc. will post -0.27 EPS for the current year.

PagerDuty declared that its board has approved a stock buyback program on Thursday, March 13th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at PagerDuty

In other PagerDuty news, CEO Jennifer Tejada sold 1,569 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $20.00, for a total value of $31,380.00. Following the completion of the transaction, the chief executive officer now directly owns 868,311 shares of the company’s stock, valued at $17,366,220. This trade represents a 0.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.60% of the stock is owned by corporate insiders.

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.