Zurcher Kantonalbank Zurich Cantonalbank Grows Position in PagerDuty, Inc. (NYSE:PD)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in PagerDuty, Inc. (NYSE:PD) by 24.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,404 shares of the company’s stock after buying an additional 3,363 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in PagerDuty were worth $403,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC lifted its holdings in PagerDuty by 100.0% in the 4th quarter. FNY Investment Advisers LLC now owns 2,000 shares of the company’s stock worth $46,000 after buying an additional 1,000 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in PagerDuty in the third quarter valued at $80,000. FDx Advisors Inc. purchased a new position in PagerDuty during the 3rd quarter valued at $203,000. Axxcess Wealth Management LLC bought a new position in PagerDuty in the 3rd quarter worth $206,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of PagerDuty in the 3rd quarter worth about $209,000. 97.26% of the stock is currently owned by institutional investors.

PagerDuty Stock Down 0.2 %

PD stock opened at $20.39 on Friday. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 2.61. The business has a 50 day moving average of $22.24 and a 200 day moving average of $22.58. PagerDuty, Inc. has a twelve month low of $19.18 and a twelve month high of $29.97. The firm has a market cap of $1.89 billion, a PE ratio of -23.17 and a beta of 0.93.

PagerDuty (NYSE:PD) last posted its quarterly earnings results on Thursday, March 14th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.06). PagerDuty had a negative return on equity of 24.65% and a negative net margin of 18.98%. The company had revenue of $111.12 million during the quarter, compared to analysts’ expectations of $110.50 million. On average, research analysts forecast that PagerDuty, Inc. will post -0.44 EPS for the current fiscal year.

Insider Transactions at PagerDuty

In other PagerDuty news, CAO Mitra Rezvan sold 2,215 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $21.62, for a total transaction of $47,888.30. Following the sale, the chief accounting officer now directly owns 119,452 shares in the company, valued at approximately $2,582,552.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other PagerDuty news, CAO Mitra Rezvan sold 2,215 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $21.62, for a total value of $47,888.30. Following the completion of the transaction, the chief accounting officer now owns 119,452 shares of the company’s stock, valued at approximately $2,582,552.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Howard Wilson sold 8,893 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $25.09, for a total transaction of $223,125.37. Following the transaction, the chief financial officer now owns 507,672 shares in the company, valued at approximately $12,737,490.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,967 shares of company stock worth $424,587. Corporate insiders own 7.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PD. Truist Financial upgraded shares of PagerDuty from a “hold” rating to a “buy” rating and boosted their price target for the company from $25.00 to $30.00 in a research report on Monday, March 18th. Morgan Stanley reissued an “equal weight” rating and issued a $30.00 target price on shares of PagerDuty in a research report on Wednesday, January 24th. Canaccord Genuity Group dropped their price target on PagerDuty from $30.00 to $27.00 and set a “buy” rating on the stock in a research report on Monday, March 18th. Finally, Robert W. Baird decreased their price objective on PagerDuty from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, March 15th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, PagerDuty has an average rating of “Moderate Buy” and an average price target of $27.25.

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.