Glenmede Trust Co. NA Acquires 75,771 Shares of PagerDuty, Inc. (NYSE:PD)

Glenmede Trust Co. NA increased its holdings in shares of PagerDuty, Inc. (NYSE:PD) by 11.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 721,633 shares of the company’s stock after buying an additional 75,771 shares during the quarter. Glenmede Trust Co. NA owned 0.78% of PagerDuty worth $13,386,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Quarry LP increased its position in PagerDuty by 1,537.2% during the 2nd quarter. Quarry LP now owns 1,408 shares of the company’s stock worth $32,000 after purchasing an additional 1,322 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of PagerDuty by 28.0% during the second 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. Fred Alger Management LLC lifted its stake in shares of 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 acquiring an additional 1,578 shares during the last quarter. Cambridge Trust Co. acquired a new stake in shares of PagerDuty during the 1st quarter valued at $68,000. Finally, Headlands Technologies LLC bought a new stake in PagerDuty during the 2nd quarter worth $114,000. 97.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on PD shares. JPMorgan Chase & Co. dropped their target price on PagerDuty from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Robert W. Baird reduced their target price on shares of PagerDuty from $22.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. TD Cowen decreased their price objective on PagerDuty from $23.00 to $19.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Scotiabank cut their target price on PagerDuty from $23.00 to $18.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 4th. Finally, The Goldman Sachs Group decreased their target price on shares of PagerDuty from $24.00 to $21.00 and set a “neutral” 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $22.00.

Insider Buying and Selling at PagerDuty

In other PagerDuty 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 value of $53,132.52. Following the transaction, the chief accounting officer now directly owns 108,449 shares of the company’s stock, valued at approximately $1,958,588.94. This trade represents a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jennifer Tejada sold 38,392 shares of the business’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 of the company’s stock, valued at approximately $18,198,001.55. The trade was a 4.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 87,396 shares of company stock valued at $1,733,561. Company insiders own 7.60% of the company’s stock.

PagerDuty Trading Up 0.5 %

PagerDuty stock opened at $21.01 on Friday. PagerDuty, Inc. has a 12-month low of $16.46 and a 12-month high of $26.70. The firm’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 data 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 firm had revenue of $115.94 million for the quarter, compared to analyst estimates of $116.52 million. PagerDuty had a negative net margin of 16.29% and a negative return on equity of 20.13%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.18) earnings per share. As a group, research analysts predict that PagerDuty, Inc. will post -0.37 EPS for the current fiscal year.

PagerDuty 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.