State of Wyoming Has $407,000 Holdings in PagerDuty, Inc. (NYSE:PD)

State of Wyoming grew its position in shares of PagerDuty, Inc. (NYSE:PD) by 49.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,271 shares of the company’s stock after acquiring an additional 7,385 shares during the quarter. State of Wyoming’s holdings in PagerDuty were worth $407,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC bought a new position in PagerDuty in the 4th quarter valued at about $43,000. Picton Mahoney Asset Management purchased a new stake in shares of PagerDuty in the fourth quarter worth approximately $58,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PagerDuty in the fourth quarter valued at approximately $130,000. Vinva Investment Management Ltd purchased a new position in shares of PagerDuty during the fourth quarter valued at approximately $139,000. Finally, PNC Financial Services Group Inc. grew its holdings in PagerDuty by 24.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,061 shares of the company’s stock worth $184,000 after buying an additional 1,965 shares in the last quarter. 97.26% of the stock is owned by institutional investors and hedge funds.

PagerDuty Stock Up 0.7%

PD opened at $16.25 on Wednesday. PagerDuty, Inc. has a twelve month low of $14.30 and a twelve month high of $23.12. The company’s 50-day moving average price is $16.53 and its two-hundred day moving average price is $18.08. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of -20.31 and a beta of 0.99. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 3.52.

PagerDuty (NYSE:PD) last posted its quarterly earnings results on Thursday, March 13th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $121.45 million for the quarter, compared to analysts’ expectations of $119.53 million. During the same quarter in the previous year, the firm posted $0.17 EPS. PagerDuty’s revenue was up 9.3% on a year-over-year basis. As a group, equities analysts expect that PagerDuty, Inc. will post -0.27 earnings per share for the current year.

PagerDuty declared that its Board of Directors has approved a share repurchase plan on Thursday, March 13th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts have weighed in on PD shares. Royal Bank of Canada dropped their price objective on PagerDuty from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. The Goldman Sachs Group cut their price target on shares of PagerDuty from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Morgan Stanley reduced their price objective on shares of PagerDuty from $20.00 to $17.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Bank of America cut shares of PagerDuty from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $23.00 to $18.00 in a research report on Thursday, January 30th. Finally, Truist Financial cut their target price on PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.55.

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.