Jane Street Group LLC bought a new stake in Pagerduty Inc (NYSE:PD) in the second quarter, HoldingsChannel.com reports. The fund bought 5,512 shares of the company’s stock, valued at approximately $259,000.
Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new position in Pagerduty in the second quarter valued at approximately $30,808,000. Jennison Associates LLC acquired a new position in Pagerduty in the second quarter valued at approximately $248,000. Carillon Tower Advisers Inc. acquired a new position in Pagerduty in the second quarter valued at approximately $13,032,000. Flagship Harbor Advisors LLC acquired a new position in Pagerduty in the second quarter valued at approximately $157,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Pagerduty in the second quarter valued at approximately $236,000. Institutional investors own 49.34% of the company’s stock.
Several brokerages have recently issued reports on PD. SunTrust Banks began coverage on Pagerduty in a research report on Wednesday, October 2nd. They set a “hold” rating and a $32.00 price objective for the company. ValuEngine downgraded Pagerduty from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Canaccord Genuity reiterated a “buy” rating on shares of Pagerduty in a research report on Tuesday, July 9th. DA Davidson began coverage on Pagerduty in a research report on Friday, August 16th. They set a “neutral” rating and a $36.00 price objective for the company. Finally, Zacks Investment Research upgraded Pagerduty from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Wednesday, September 11th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Pagerduty has a consensus rating of “Buy” and an average price target of $35.73.
Shares of NYSE PD opened at $26.09 on Friday. The business’s 50 day simple moving average is $31.35. Pagerduty Inc has a 12-month low of $24.80 and a 12-month high of $59.82.
Pagerduty (NYSE:PD) last issued its quarterly earnings data on Thursday, September 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.12. The business had revenue of $40.40 million for the quarter, compared to analyst estimates of $39.12 million. The company’s revenue was up 45.8% compared to the same quarter last year. Research analysts anticipate that Pagerduty Inc will post -0.76 EPS for the current year.
PagerDuty, Inc operates an On-Call Management platform. The company's platform collects signals from software-enabled system or device, correlates and interprets signals to identify events, and engages team members to take action in real time. It serves developer, IT, security, and customer support segments.
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