Envestnet Asset Management Inc. Buys 4,378 Shares of PagerDuty, Inc. (NYSE:PD)

Envestnet Asset Management Inc. grew its stake in shares of PagerDuty, Inc. (NYSE:PD – Get Rating) by 7.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 62,913 shares of the company’s stock after buying an additional 4,378 shares during the period. Envestnet Asset Management Inc. owned approximately 0.07% of PagerDuty worth $1,671,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in PD. Vanguard Group Inc. raised its stake in shares of PagerDuty by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 7,481,775 shares of the company’s stock valued at $172,604,000 after buying an additional 180,197 shares in the last quarter. RGM Capital LLC lifted its stake in PagerDuty by 2.3% during the third quarter. RGM Capital LLC now owns 3,907,801 shares of the company’s stock worth $90,153,000 after purchasing an additional 86,831 shares during the period. Clearbridge Investments LLC boosted its holdings in PagerDuty by 0.7% during the first quarter. Clearbridge Investments LLC now owns 3,557,845 shares of the company’s stock valued at $121,643,000 after purchasing an additional 24,545 shares in the last quarter. State Street Corp raised its holdings in shares of PagerDuty by 1.5% in the 3rd quarter. State Street Corp now owns 1,780,987 shares of the company’s stock worth $41,087,000 after buying an additional 26,371 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of PagerDuty by 8.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,187,161 shares of the company’s stock worth $29,417,000 after buying an additional 87,497 shares during the period. Institutional investors own 90.66% of the company’s stock.

Insider Transactions at PagerDuty

In other PagerDuty news, Director Elena Gomez sold 23,165 shares of the company’s stock in a transaction on Friday, March 31st. The shares were sold at an average price of $35.04, for a total transaction of $811,701.60. Following the completion of the sale, the director now owns 15,244 shares in the company, valued at approximately $534,149.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Elena Gomez sold 23,165 shares of the business’s stock in a transaction dated Friday, March 31st. The stock was sold at an average price of $35.04, for a total transaction of $811,701.60. Following the completion of the transaction, the director now directly owns 15,244 shares in the company, valued at approximately $534,149.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Howard Wilson sold 20,000 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $29.19, for a total value of $583,800.00. Following the completion of the sale, the chief financial officer now directly owns 463,003 shares of the company’s stock, valued at $13,515,057.57. The disclosure for this sale can be found here. Insiders sold a total of 275,588 shares of company stock worth $8,578,097 in the last quarter. 7.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Robert W. Baird lifted their price objective on PagerDuty from $32.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, March 16th. Credit Suisse Group boosted their price target on shares of PagerDuty from $32.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, January 27th. Morgan Stanley raised their price objective on shares of PagerDuty from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, March 16th. Finally, Royal Bank of Canada boosted their target price on PagerDuty from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, April 17th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.73.

PagerDuty Stock Performance

PD stock opened at $28.71 on Monday. The company has a 50 day moving average price of $31.24 and a 200 day moving average price of $28.09. PagerDuty, Inc. has a fifty-two week low of $19.51 and a fifty-two week high of $35.33. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.21 and a quick ratio of 2.21. The stock has a market capitalization of $2.64 billion, a PE ratio of -19.80 and a beta of 0.93.

PagerDuty (NYSE:PD – Get Rating) last issued its quarterly earnings results on Wednesday, March 15th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.05. The business had revenue of $100.97 million for the quarter, compared to analyst estimates of $98.89 million. PagerDuty had a negative return on equity of 43.39% and a negative net margin of 34.63%. Analysts forecast that PagerDuty, Inc. will post -0.76 EPS for the current year.

About PagerDuty

(Get Rating)

PagerDuty, Inc operates a digital operations management platform. It provides incident management solution that integrates with information technology Ops and DevOps monitoring stacks to improve operational reliability and agility. The firm collect machine generated data from virtually any software-enabled system or device, combine it with human response data, correlating and interpreting this data to understand issues and opportunities that need to be addressed in real-time.