Mirae Asset Global Investments Co. Ltd. Has $961,000 Stock Position in PagerDuty, Inc. (NYSE:PD)

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of PagerDuty, Inc. (NYSE:PD) by 10.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,521 shares of the company’s stock after purchasing an additional 3,972 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in PagerDuty were worth $961,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. ARK Investment Management LLC lifted its stake in shares of PagerDuty by 8.1% in the 4th quarter. ARK Investment Management LLC now owns 11,413,423 shares of the company’s stock valued at $264,221,000 after purchasing an additional 858,838 shares during the period. FNY Investment Advisers LLC boosted its holdings in PagerDuty by 100.0% during the fourth 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 last quarter. SG Americas Securities LLC grew its position in shares of PagerDuty by 60.2% during the 4th quarter. SG Americas Securities LLC now owns 31,239 shares of the company’s stock worth $723,000 after buying an additional 11,734 shares during the period. Interchange Capital Partners LLC bought a new stake in shares of PagerDuty in the 4th quarter valued at about $211,000. Finally, Harbor Capital Advisors Inc. raised its position in shares of PagerDuty by 6.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 17,770 shares of the company’s stock valued at $411,000 after acquiring an additional 1,020 shares during the period. 97.26% of the stock is currently owned by institutional investors and hedge funds.

PagerDuty Trading Up 3.5 %

PD opened at $21.05 on Wednesday. The firm’s fifty day simple moving average is $22.75 and its 200 day simple moving average is $22.63. The stock has a market capitalization of $1.95 billion, a P/E ratio of -23.92 and a beta of 0.91. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 2.61. PagerDuty, Inc. has a 12 month low of $19.18 and a 12 month high of $34.22.

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at PagerDuty

In related news, CFO Howard Wilson sold 8,893 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $25.09, for a total transaction of $223,125.37. Following the completion of the transaction, the chief financial officer now directly owns 507,672 shares of the company’s stock, valued at $12,737,490.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Mitra Rezvan sold 2,215 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $21.62, for a total value of $47,888.30. Following the completion of 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 Securities & Exchange Commission, which is available at the SEC website. Also, CFO Howard Wilson sold 8,893 shares of PagerDuty stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $25.09, for a total value of $223,125.37. Following the transaction, the chief financial officer now owns 507,672 shares of the company’s stock, valued at approximately $12,737,490.48. The disclosure for this sale can be found here. Insiders sold 17,967 shares of company stock valued at $424,587 in the last ninety days. 7.90% of the stock is currently owned by corporate insiders.

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.