Stanley Laman Group Ltd. Sells 22,924 Shares of PagerDuty, Inc. (NYSE:PD)

Stanley Laman Group Ltd. decreased its stake in shares of PagerDuty, Inc. (NYSE:PD) by 7.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 302,494 shares of the company’s stock after selling 22,924 shares during the period. PagerDuty makes up 1.1% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 25th largest holding. Stanley Laman Group Ltd.’s holdings in PagerDuty were worth $7,003,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. FNY Investment Advisers LLC boosted its stake 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 acquiring an additional 1,000 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in PagerDuty during the third quarter worth about $80,000. FDx Advisors Inc. bought a new stake in PagerDuty during the third quarter worth about $203,000. Interchange Capital Partners LLC bought a new stake in PagerDuty during the fourth quarter worth about $211,000. Finally, Axxcess Wealth Management LLC bought a new stake in PagerDuty during the third quarter worth about $206,000. Institutional investors own 97.26% of the company’s stock.

Analyst Ratings Changes

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

PagerDuty Stock Performance

Shares of PD traded down $0.56 during mid-day trading on Thursday, hitting $20.20. 1,032,700 shares of the company traded hands, compared to its average volume of 1,355,218. The company has a debt-to-equity ratio of 2.61, a quick ratio of 2.50 and a current ratio of 2.50. The stock has a 50-day moving average price of $22.59 and a two-hundred day moving average price of $22.60. PagerDuty, Inc. has a 1 year low of $19.18 and a 1 year high of $32.25. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of -22.95 and a beta of 0.91.

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

Insider Buying and Selling at PagerDuty

In other PagerDuty news, CFO Howard Wilson sold 8,893 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $25.09, for a total value of $223,125.37. Following the completion of the transaction, the chief financial officer now directly owns 507,672 shares in the company, valued at $12,737,490.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Howard Wilson sold 8,893 shares of the company’s stock in a transaction on Monday, February 12th. The shares were 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 owns 507,672 shares in the company, valued at $12,737,490.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shelley Webb sold 6,859 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $22.39, for a total transaction of $153,573.01. Following the transaction, the insider now owns 253,439 shares of the company’s stock, valued at approximately $5,674,499.21. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,967 shares of company stock valued at $424,587. Insiders own 7.90% of the company’s stock.

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.