Sirios Capital Management L P Boosts Position in PagerDuty, Inc. (NYSE:PD)

Sirios Capital Management L P increased its holdings in PagerDuty, Inc. (NYSE:PD) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 172,976 shares of the company’s stock after acquiring an additional 8,442 shares during the quarter. Sirios Capital Management L P owned about 0.19% of PagerDuty worth $3,159,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Venturi Wealth Management LLC purchased a new stake in PagerDuty during the 4th quarter valued at about $43,000. Picton Mahoney Asset Management bought a new stake in shares of PagerDuty in the 4th quarter worth $58,000. Vinva Investment Management Ltd purchased a new position in shares of PagerDuty in the fourth quarter worth $139,000. PNC Financial Services Group Inc. boosted its position in shares of PagerDuty by 24.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,061 shares of the company’s stock valued at $184,000 after buying an additional 1,965 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of PagerDuty by 22.3% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 13,700 shares of the company’s stock valued at $247,000 after acquiring an additional 2,500 shares during the last quarter. 97.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PD has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered their price objective on shares of PagerDuty from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Royal Bank of Canada dropped their target price on shares of PagerDuty from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. Bank of America downgraded shares of PagerDuty from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $23.00 to $18.00 in a report on Thursday, January 30th. Truist Financial reduced their target price on shares of PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Finally, Canaccord Genuity Group reduced their price target on shares of PagerDuty from $24.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $20.55.

Insider Buying and Selling at PagerDuty

In other PagerDuty news, CEO Jennifer Tejada sold 1,569 shares of PagerDuty stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $20.00, for a total transaction of $31,380.00. Following the sale, the chief executive officer now owns 868,311 shares of the company’s stock, valued at $17,366,220. The trade was a 0.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 7.60% of the company’s stock.

PagerDuty Stock Up 3.8 %

Shares of PD opened at $15.01 on Wednesday. The stock’s 50-day moving average price is $17.25 and its 200-day moving average price is $18.41. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 3.52. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of -18.76 and a beta of 1.06. PagerDuty, Inc. has a 52 week low of $14.30 and a 52 week high of $23.12.

PagerDuty (NYSE:PD) last posted its earnings results on Thursday, March 13th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.06. PagerDuty had a negative net margin of 16.29% and a negative return on equity of 22.02%. The business had revenue of $121.45 million for the quarter, compared to analyst estimates of $119.53 million. During the same period in the prior year, the company posted $0.17 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, sell-side analysts predict that PagerDuty, Inc. will post -0.27 EPS for the current year.

PagerDuty announced that its board has approved a share buyback plan on Thursday, March 13th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

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.