NINE MASTS CAPITAL Ltd Invests $240,000 in PagerDuty, Inc. (NYSE:PD)

NINE MASTS CAPITAL Ltd acquired a new stake in shares of PagerDuty, Inc. (NYSE:PD) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,453 shares of the company’s stock, valued at approximately $240,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. ARK Investment Management LLC boosted its stake in PagerDuty by 12.5% during the 2nd quarter. ARK Investment Management LLC now owns 10,604,295 shares of the company’s stock valued at $243,156,000 after purchasing an additional 1,180,202 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of PagerDuty by 65.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,285,588 shares of the company’s stock valued at $52,911,000 after acquiring an additional 904,136 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of PagerDuty by 50.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,160,281 shares of the company’s stock worth $50,011,000 after acquiring an additional 728,152 shares during the period. Norges Bank purchased a new position in shares of PagerDuty during the fourth quarter valued at approximately $15,912,000. Finally, SpiderRock Advisors LLC purchased a new position in shares of PagerDuty during the first quarter valued at approximately $11,083,000. 97.26% of the stock is currently owned by institutional investors.

PagerDuty Stock Down 0.2 %

PD stock opened at $17.66 on Thursday. The business’s 50-day moving average price is $19.80 and its 200-day moving average price is $20.90. The stock has a market cap of $1.69 billion, a P/E ratio of -17.49 and a beta of 1.05. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.38. PagerDuty, Inc. has a twelve month low of $16.46 and a twelve month high of $26.70.

PagerDuty (NYSE:PD) last issued its quarterly earnings results on Tuesday, September 3rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. The business had revenue of $115.94 million for the quarter, compared to the consensus estimate of $116.52 million. PagerDuty had a negative net margin of 18.58% and a negative return on equity of 25.83%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.18) earnings per share. On average, equities research analysts forecast that PagerDuty, Inc. will post -0.44 EPS for the current year.

Analyst Upgrades and Downgrades

PD has been the topic of several research reports. Scotiabank dropped their target price on shares of PagerDuty from $23.00 to $18.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 4th. Morgan Stanley dropped their price target 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. Canaccord Genuity Group reduced their price objective on PagerDuty from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Craig Hallum dropped their target price on PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Finally, Royal Bank of Canada reduced their price target on shares of PagerDuty from $27.00 to $22.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $21.91.

Insider Buying and Selling

In other PagerDuty news, CEO Jennifer Tejada sold 18,750 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $20.09, for a total transaction of $376,687.50. Following the sale, the chief executive officer now directly owns 1,010,861 shares of the company’s stock, valued at $20,308,197.49. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other PagerDuty news, CEO Jennifer Tejada sold 18,750 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $20.09, for a total value of $376,687.50. Following the completion of the transaction, the chief executive officer now directly owns 1,010,861 shares in the company, valued at approximately $20,308,197.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Howard Wilson sold 12,108 shares of PagerDuty stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $20.49, for a total transaction of $248,092.92. Following the sale, the chief financial officer now owns 594,202 shares in the company, valued at approximately $12,175,198.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 110,244 shares of company stock valued at $2,316,980. Company insiders own 7.60% of the company’s stock.

About PagerDuty

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.