Edgestream Partners L.P. Has $1.69 Million Holdings in PagerDuty, Inc. (NYSE:PD)

Edgestream Partners L.P. lifted its holdings in shares of PagerDuty, Inc. (NYSE:PD) by 38.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 74,692 shares of the company’s stock after purchasing an additional 20,738 shares during the period. Edgestream Partners L.P. owned 0.08% of PagerDuty worth $1,694,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of PD. Goldman Sachs Group Inc. lifted its holdings in shares of PagerDuty by 65.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,285,588 shares of the company’s stock worth $52,911,000 after purchasing an additional 904,136 shares during the period. ARK Investment Management LLC lifted its holdings in shares of PagerDuty by 8.1% during the fourth quarter. ARK Investment Management LLC now owns 11,413,423 shares of the company’s stock worth $264,221,000 after purchasing an additional 858,838 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of PagerDuty by 50.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,160,281 shares of the company’s stock worth $50,011,000 after purchasing an additional 728,152 shares during the period. Norges Bank acquired a new position in PagerDuty in the fourth quarter valued at $15,912,000. Finally, Vanguard Group Inc. lifted its holdings in PagerDuty by 5.8% in the third quarter. Vanguard Group Inc. now owns 9,802,821 shares of the company’s stock valued at $220,465,000 after buying an additional 536,763 shares during the period. Institutional investors and hedge funds own 97.26% of the company’s stock.

PagerDuty Stock Up 3.0 %

Shares of NYSE:PD traded up $0.61 during midday trading on Monday, hitting $20.84. 1,358,392 shares of the company’s stock were exchanged, compared to its average volume of 1,267,498. The company has a debt-to-equity ratio of 2.58, a current ratio of 2.59 and a quick ratio of 2.59. The stock has a 50 day moving average price of $20.80 and a 200-day moving average price of $22.19. The company has a market cap of $1.99 billion, a PE ratio of -20.03 and a beta of 1.07. PagerDuty, Inc. has a 12 month low of $17.92 and a 12 month high of $26.70.

PagerDuty (NYSE:PD) last posted its earnings results on Thursday, May 30th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). The company had revenue of $111.17 million during the quarter, compared to the consensus estimate of $111.74 million. PagerDuty had a negative net margin of 21.34% and a negative return on equity of 28.38%. On average, sell-side analysts anticipate that PagerDuty, Inc. will post -0.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on PD shares. JPMorgan Chase & Co. started coverage on shares of PagerDuty in a report on Thursday, June 27th. They issued a “neutral” rating and a $24.00 target price on the stock. Scotiabank started coverage on shares of PagerDuty in a report on Friday, June 28th. They issued a “sector perform” rating and a $23.00 target price on the stock. Canaccord Genuity Group dropped their target price on shares of PagerDuty from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, May 31st. The Goldman Sachs Group began coverage on shares of PagerDuty in a report on Thursday. They issued a “neutral” rating and a $24.00 target price on the stock. Finally, Craig Hallum raised shares of PagerDuty from a “hold” rating to a “buy” rating and lifted their price target for the company from $21.00 to $30.00 in a research note on Wednesday, June 12th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, PagerDuty presently has an average rating of “Hold” and a consensus price target of $26.64.

Insiders Place Their Bets

In other PagerDuty news, CEO Jennifer Tejada sold 2,000 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $22.00, for a total value of $44,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,015,637 shares of the company’s stock, valued at approximately $22,344,014. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other PagerDuty news, CFO Howard Wilson sold 12,108 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $20.49, for a total value of $248,092.92. Following the completion of the sale, the chief financial officer now directly owns 594,202 shares of the company’s stock, valued at approximately $12,175,198.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jennifer Tejada sold 2,000 shares of the company’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $22.00, for a total transaction of $44,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,015,637 shares of the company’s stock, valued at $22,344,014. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,982 shares of company stock valued at $1,621,029. Corporate insiders own 7.60% of the company’s stock.

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.