Amova Asset Management Americas Inc. Sells 285,212 Shares of PagerDuty $PD

Amova Asset Management Americas Inc. cut its holdings in PagerDuty (NYSE:PD) by 9.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,602,149 shares of the company’s stock after selling 285,212 shares during the period. Amova Asset Management Americas Inc.’s holdings in PagerDuty were worth $42,961,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Arizona State Retirement System increased its position in shares of PagerDuty by 2.6% during the 3rd quarter. Arizona State Retirement System now owns 25,911 shares of the company’s stock worth $428,000 after purchasing an additional 658 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in PagerDuty by 1.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,601 shares of the company’s stock valued at $943,000 after acquiring an additional 671 shares during the last quarter. California State Teachers Retirement System lifted its stake in PagerDuty by 1.4% in the second quarter. California State Teachers Retirement System now owns 81,474 shares of the company’s stock valued at $1,245,000 after acquiring an additional 1,129 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in PagerDuty by 252.0% during the third quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company’s stock worth $27,000 after purchasing an additional 1,149 shares during the period. Finally, Teacher Retirement System of Texas raised its stake in PagerDuty by 20.0% in the second quarter. Teacher Retirement System of Texas now owns 15,058 shares of the company’s stock valued at $230,000 after buying an additional 2,511 shares during the period. 97.26% of the stock is owned by institutional investors.

PagerDuty Stock Up 3.4%

Shares of NYSE PD opened at $7.64 on Thursday. The stock has a market capitalization of $701.20 million, a P/E ratio of 4.78, a PEG ratio of 1.85 and a beta of 0.73. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.37 and a current ratio of 2.37. PagerDuty has a 52 week low of $6.18 and a 52 week high of $19.70. The stock’s fifty day moving average is $9.85 and its 200 day moving average is $13.34.

Wall Street Analysts Forecast Growth

PD has been the subject of several research analyst reports. Morgan Stanley set a $9.00 target price on PagerDuty in a research note on Thursday, February 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of PagerDuty in a research note on Monday, December 29th. TD Cowen restated a “buy” rating on shares of PagerDuty in a research report on Wednesday, November 26th. Wall Street Zen upgraded PagerDuty from a “hold” rating to a “buy” rating in a report on Sunday, January 25th. Finally, Truist Financial decreased their target price on PagerDuty from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, January 7th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, PagerDuty currently has a consensus rating of “Hold” and an average price target of $16.00.

Insider Buying and Selling at PagerDuty

In other PagerDuty news, Director Dan Alexandru Solomon sold 266,667 shares of the business’s stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $13.35, for a total transaction of $3,560,004.45. Following the completion of the transaction, the director directly owned 2,389,665 shares in the company, valued at $31,902,027.75. The trade was a 10.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 8.00% 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. Its platform includes PagerDuty Incident Management that provides a real-time view across the status of a digital service while incorporating noise reduction to remove false positives; AIOps that applies machine learning to correlate and automate the identification of incidents from billions of events; Process Automation offers centralized design time and run time environment for orchestrating automated workflows that span across departments, technologies, and networks; Customer Service Operations, which is offered to orchestrate, automate, and scale responses to customer impacting issues.