Victory Capital Management Inc. Sells 9,757 Shares of PagerDuty, Inc. (NYSE:PD)

Victory Capital Management Inc. lowered its stake in shares of PagerDuty, Inc. (NYSE:PDFree Report) by 2.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 360,082 shares of the company’s stock after selling 9,757 shares during the quarter. Victory Capital Management Inc. owned about 0.39% of PagerDuty worth $8,098,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PD. California Public Employees Retirement System increased its holdings in PagerDuty by 3.0% in the 3rd quarter. California Public Employees Retirement System now owns 150,906 shares of the company’s stock valued at $3,394,000 after buying an additional 4,335 shares during the period. FDx Advisors Inc. acquired a new position in PagerDuty during the third quarter valued at approximately $203,000. M&T Bank Corp lifted its stake in PagerDuty by 46.3% during the third quarter. M&T Bank Corp now owns 55,987 shares of the company’s stock worth $1,259,000 after purchasing an additional 17,728 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its holdings in shares of PagerDuty by 92.6% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 296,510 shares of the company’s stock valued at $6,669,000 after purchasing an additional 142,525 shares in the last quarter. Finally, Washington Capital Management Inc. bought a new position in shares of PagerDuty in the 3rd quarter valued at $513,000. Institutional investors own 89.94% of the company’s stock.

Insider Transactions at PagerDuty

In other news, SVP Shelley Webb sold 5,519 shares of the stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $21.40, for a total transaction of $118,106.60. Following the completion of the sale, the senior vice president now directly owns 177,087 shares in the company, valued at $3,789,661.80. The transaction was disclosed in a filing with the SEC, which is available at this link. In other PagerDuty news, SVP Shelley Webb sold 5,519 shares of PagerDuty stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $21.40, for a total value of $118,106.60. Following the completion of the sale, the senior vice president now directly owns 177,087 shares in the company, valued at $3,789,661.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Howard Wilson sold 5,000 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $26.27, for a total value of $131,350.00. Following the transaction, the chief financial officer now owns 511,565 shares in the company, valued at $13,438,812.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,405 shares of company stock worth $1,141,266. Company insiders own 7.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PD shares. Royal Bank of Canada decreased their target price on PagerDuty from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, December 1st. Morgan Stanley reissued an “equal weight” rating and issued a $30.00 price objective on shares of PagerDuty in a research note on Wednesday, January 24th. TD Cowen lowered shares of PagerDuty from an “outperform” rating to a “market perform” rating and cut their target price for the company from $29.00 to $23.00 in a research report on Friday, December 1st. Finally, Bank of America started coverage on shares of PagerDuty in a report on Thursday, December 14th. They set a “buy” rating and a $30.00 price target for the company. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, PagerDuty presently has a consensus rating of “Hold” and an average target price of $27.00.

Check Out Our Latest Stock Analysis on PD

PagerDuty Price Performance

Shares of NYSE:PD opened at $23.88 on Wednesday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.75 and a current ratio of 2.75. PagerDuty, Inc. has a 52 week low of $19.18 and a 52 week high of $35.33. The firm has a market cap of $2.22 billion, a PE ratio of -29.12 and a beta of 0.92. The firm’s fifty day moving average is $23.57 and its 200-day moving average is $22.96.

PagerDuty (NYSE:PDGet Free Report) last announced its earnings results on Thursday, November 30th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.14 by $0.06. The firm had revenue of $108.72 million for the quarter, compared to the consensus estimate of $107.70 million. PagerDuty had a negative return on equity of 22.87% and a negative net margin of 18.00%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.31) EPS. Sell-side analysts predict that PagerDuty, Inc. will post -0.48 earnings per share for the current year.

PagerDuty 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.

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Institutional Ownership by Quarter for PagerDuty (NYSE:PD)

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