Glenmede Trust Co. NA Increases Stock Position in PagerDuty, Inc. (NYSE:PD)

Glenmede Trust Co. NA lifted its position in shares of PagerDuty, Inc. (NYSE:PD) by 11.7% during the third quarter, Holdings Channel reports. The firm owned 721,633 shares of the company’s stock after acquiring an additional 75,771 shares during the period. Glenmede Trust Co. NA’s holdings in PagerDuty were worth $13,386,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PD. First Horizon Advisors Inc. lifted its position in shares of PagerDuty by 28.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company’s stock worth $53,000 after buying an additional 508 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in PagerDuty by 0.4% in the second quarter. Envestnet Asset Management Inc. now owns 123,247 shares of the company’s stock worth $2,826,000 after purchasing an additional 542 shares during the last quarter. Arizona State Retirement System boosted its position in PagerDuty by 2.8% in the second quarter. Arizona State Retirement System now owns 24,667 shares of the company’s stock worth $566,000 after purchasing an additional 676 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of PagerDuty by 5.1% during the 2nd quarter. Mackenzie Financial Corp now owns 17,735 shares of the company’s stock valued at $407,000 after purchasing an additional 856 shares during the last quarter. Finally, CWM LLC raised its stake in shares of PagerDuty by 7.2% during the 2nd quarter. CWM LLC now owns 12,982 shares of the company’s stock worth $298,000 after purchasing an additional 868 shares during the period. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Mitra Rezvan sold 2,942 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $18.06, for a total transaction of $53,132.52. Following the sale, the chief accounting officer now owns 108,449 shares in the company, valued at approximately $1,958,588.94. This trade represents a 2.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jennifer Tejada sold 18,750 shares of PagerDuty stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $20.04, for a total transaction of $375,750.00. Following the sale, the chief executive officer now directly owns 907,631 shares of the company’s stock, valued at $18,188,925.24. This represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,396 shares of company stock worth $1,733,561 in the last three months. 7.60% of the stock is currently owned by corporate insiders.

PagerDuty Price Performance

NYSE:PD opened at $21.01 on Friday. PagerDuty, Inc. has a 52-week low of $16.46 and a 52-week high of $26.70. The business’s fifty day moving average is $18.81 and its 200 day moving average is $19.61. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 2.38.

PagerDuty (NYSE:PD) last announced its quarterly earnings results on Tuesday, September 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. PagerDuty had a negative net margin of 16.29% and a negative return on equity of 20.13%. The firm had revenue of $115.94 million for the quarter, compared to the consensus estimate of $116.52 million. During the same period in the prior year, the firm posted ($0.18) earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, equities research analysts forecast that PagerDuty, Inc. will post -0.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PD. Canaccord Genuity Group reduced their price target on shares of PagerDuty from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Robert W. Baird decreased their price target on shares of PagerDuty from $22.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. JPMorgan Chase & Co. dropped their price objective on PagerDuty from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Bank of America decreased their target price on PagerDuty from $28.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Finally, The Goldman Sachs Group dropped their price target on PagerDuty from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $22.00.

PagerDuty Company 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.