PagerDuty, Inc. (NYSE:PD) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC decreased its holdings in PagerDuty, Inc. (NYSE:PD) by 19.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,030 shares of the company’s stock after selling 17,162 shares during the quarter. Schonfeld Strategic Advisors LLC owned about 0.08% of PagerDuty worth $1,315,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC purchased a new stake in PagerDuty in the fourth quarter valued at about $43,000. Picton Mahoney Asset Management acquired a new position in shares of PagerDuty during the fourth quarter valued at about $58,000. Vinva Investment Management Ltd purchased a new position in shares of PagerDuty in the 4th quarter valued at approximately $139,000. PNC Financial Services Group Inc. boosted its stake in PagerDuty by 24.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,061 shares of the company’s stock worth $184,000 after purchasing an additional 1,965 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its position in PagerDuty by 22.3% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 13,700 shares of the company’s stock worth $247,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.

Wall Street Analysts Forecast Growth

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

PagerDuty Trading Down 0.3 %

Shares of NYSE:PD opened at $15.10 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 3.52. PagerDuty, Inc. has a 12-month low of $14.30 and a 12-month high of $23.12. The business has a 50 day moving average of $16.66 and a two-hundred day moving average of $18.21. The company has a market capitalization of $1.38 billion, a PE ratio of -18.88 and a beta of 0.99.

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

PagerDuty declared that its board has authorized a share repurchase program on Thursday, March 13th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

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.