Trexquant Investment LP Increases Position in PagerDuty $PD

Trexquant Investment LP lifted its holdings in PagerDuty (NYSE:PD - Free Report) by 177.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 287,573 shares of the company's stock after purchasing an additional 183,965 shares during the period. Trexquant Investment LP owned about 0.32% of PagerDuty worth $5,254,000 as of its most recent filing with the Securities & Exchange Commission.

• 2 Earnings Dumpers Worth a Second Look

Several other institutional investors and hedge funds have also recently modified their holdings of PD. Price T Rowe Associates Inc. MD increased its stake in shares of PagerDuty by 11.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 91,763 shares of the company's stock valued at $1,677,000 after purchasing an additional 9,405 shares in the last quarter. Northern Trust Corp increased its stake in shares of PagerDuty by 4.0% in the 4th quarter. Northern Trust Corp now owns 907,074 shares of the company's stock valued at $16,563,000 after purchasing an additional 35,026 shares in the last quarter. ArrowMark Colorado Holdings LLC increased its stake in shares of PagerDuty by 7.2% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 523,042 shares of the company's stock valued at $9,551,000 after purchasing an additional 34,938 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in shares of PagerDuty by 162.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 79,430 shares of the company's stock valued at $1,450,000 after purchasing an additional 49,182 shares in the last quarter. Finally, Bridgefront Capital LLC purchased a new position in shares of PagerDuty in the 4th quarter valued at about $453,000. Hedge funds and other institutional investors own 97.26% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Zacks Research raised PagerDuty to a "hold" rating in a report on Friday, August 8th. Truist Financial reduced their target price on PagerDuty from $26.00 to $23.00 and set a "buy" rating for the company in a report on Friday, May 30th. Royal Bank Of Canada reduced their target price on PagerDuty from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Friday, May 30th. TD Cowen raised PagerDuty from a "hold" rating to a "buy" rating and set a $22.00 target price for the company in a report on Monday, July 28th. Finally, TD Securities reduced their target price on PagerDuty from $19.00 to $18.00 and set a "hold" rating for the company in a report on Wednesday, May 21st. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $19.75.

• This Small Tech With Big Growth Prospects Is Nearing A Buy Point

Get Our Latest Report on PD

PagerDuty Trading Down 1.2%

Shares of PagerDuty stock opened at $16.72 on Monday. The stock has a market cap of $1.52 billion, a P/E ratio of -41.80, a P/E/G ratio of 10.04 and a beta of 0.88. The stock's 50 day simple moving average is $15.60 and its 200-day simple moving average is $16.16. PagerDuty has a 1-year low of $13.69 and a 1-year high of $21.98. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.02 and a quick ratio of 2.02.

• Helmerich & Payne Stock, A Lot More Upside Than Meets the Eye

PagerDuty (NYSE:PD - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.05. The business had revenue of $119.81 million for the quarter, compared to analysts' expectations of $118.98 million. PagerDuty had a negative return on equity of 8.73% and a negative net margin of 7.75%.The business's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 EPS. Analysts predict that PagerDuty will post -0.27 EPS for the current fiscal year.

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.

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