Skandinaviska Enskilda Banken AB publ Boosts Holdings in PagerDuty, Inc. (NYSE:PD)

Skandinaviska Enskilda Banken AB publ increased its position in PagerDuty, Inc. (NYSE:PD) by 22.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,700 shares of the company’s stock after buying an additional 2,500 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in PagerDuty were worth $247,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. AMI Asset Management Corp increased its stake in shares of PagerDuty by 154.2% in the fourth quarter. AMI Asset Management Corp now owns 56,156 shares of the company’s stock worth $1,025,000 after buying an additional 34,063 shares during the period. Glenmede Trust Co. NA increased its stake in shares of PagerDuty by 11.7% in the third quarter. Glenmede Trust Co. NA now owns 721,633 shares of the company’s stock worth $13,386,000 after buying an additional 75,771 shares during the period. Geode Capital Management LLC increased its stake in shares of PagerDuty by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,151,314 shares of the company’s stock worth $39,915,000 after buying an additional 37,147 shares during the period. Intech Investment Management LLC purchased a new position in PagerDuty during the 3rd quarter valued at $444,000. Finally, Franklin Resources Inc. increased its position in PagerDuty by 5.4% during the 3rd quarter. Franklin Resources Inc. now owns 32,915 shares of the company’s stock valued at $614,000 after purchasing an additional 1,701 shares during the period. 97.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other PagerDuty news, CEO Jennifer Tejada sold 1,569 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $20.00, for a total value of $31,380.00. Following the completion of the transaction, the chief executive officer now owns 868,311 shares of the company’s stock, valued at approximately $17,366,220. The trade was a 0.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shelley Webb sold 7,879 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $18.19, for a total value of $143,319.01. Following the completion of the transaction, the insider now directly owns 199,122 shares of the company’s stock, valued at approximately $3,622,029.18. This trade represents a 3.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,048 shares of company stock worth $186,699 in the last quarter. Corporate insiders own 7.60% of the company’s stock.

PagerDuty Stock Performance

Shares of PD stock opened at $18.58 on Wednesday. The stock has a market cap of $1.67 billion, a PE ratio of -23.22 and a beta of 1.12. The company’s fifty day moving average price is $18.27 and its 200-day moving average price is $18.65. PagerDuty, Inc. has a 12 month low of $15.49 and a 12 month high of $23.85. 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 (NYSE:PD) last announced its quarterly earnings results on Thursday, March 13th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The company had revenue of $121.45 million for 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%. PagerDuty’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 EPS. On average, equities analysts expect that PagerDuty, Inc. will post -0.27 EPS for the current fiscal year.

PagerDuty declared that its Board of Directors has authorized a share buyback 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 generally an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

PD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reissued an “underweight” rating and set a $21.00 price objective on shares of PagerDuty in a research report on Wednesday, December 11th. The Goldman Sachs Group reduced their price objective on shares of PagerDuty from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Canaccord Genuity Group reduced their price objective on shares of PagerDuty from $24.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Truist Financial reduced their price objective on shares of PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Finally, Royal Bank of Canada reduced their price objective on shares of PagerDuty from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.73.

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.