Edgestream Partners L.P. Has $4.07 Million Stake in PagerDuty, Inc. (NYSE:PD)

Edgestream Partners L.P. boosted its holdings in PagerDuty, Inc. (NYSE:PD) by 297.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 219,294 shares of the company’s stock after purchasing an additional 164,061 shares during the quarter. Edgestream Partners L.P. owned about 0.24% of PagerDuty worth $4,068,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Quarry LP grew its position in PagerDuty by 1,537.2% in the 2nd quarter. Quarry LP now owns 1,408 shares of the company’s stock valued at $32,000 after purchasing an additional 1,322 shares during the period. First Horizon Advisors Inc. grew its position in PagerDuty by 28.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company’s stock valued at $53,000 after purchasing an additional 508 shares during the period. Fred Alger Management LLC grew its position in PagerDuty by 170.6% in the 2nd quarter. Fred Alger Management LLC now owns 2,503 shares of the company’s stock valued at $57,000 after purchasing an additional 1,578 shares during the period. Headlands Technologies LLC acquired a new stake in PagerDuty in the 2nd quarter valued at $114,000. Finally, Canada Pension Plan Investment Board acquired a new stake in PagerDuty in the 2nd quarter valued at $181,000. Institutional investors and hedge funds own 97.26% of the company’s stock.

Insider Buying and Selling

In other news, CEO Jennifer Tejada sold 38,392 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $20.05, for a total transaction of $769,759.60. Following the sale, the chief executive officer now directly owns 907,631 shares in the company, valued at $18,198,001.55. This represents a 4.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Mitra Rezvan sold 2,942 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $18.06, for a total value 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 represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 87,396 shares of company stock valued at $1,733,561. 7.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. TD Cowen dropped their price objective on PagerDuty from $23.00 to $19.00 and set a “hold” rating on the stock 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. The Goldman Sachs Group dropped their price objective on PagerDuty from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. Morgan Stanley dropped their price objective on PagerDuty from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 4th. Finally, Craig Hallum dropped their price objective on PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $22.00.

PagerDuty Stock Up 1.1 %

NYSE PD opened at $21.24 on Friday. PagerDuty, Inc. has a one year low of $16.46 and a one year high of $26.70. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 2.38. The business’s fifty day moving average is $18.87 and its 200-day moving average is $19.60.

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

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.