4,321 Shares in Pagerduty Inc (NYSE:PD) Purchased by Scotia Capital Inc.

Scotia Capital Inc. acquired a new position in shares of Pagerduty Inc (NYSE:PD) during the second quarter, Holdings Channel.com reports. The fund acquired 4,321 shares of the company’s stock, valued at approximately $203,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in Pagerduty during the 2nd quarter worth about $30,808,000. Jennison Associates LLC purchased a new stake in Pagerduty during the 2nd quarter worth about $248,000. Carillon Tower Advisers Inc. purchased a new stake in Pagerduty during the 2nd quarter worth about $13,032,000. Flagship Harbor Advisors LLC purchased a new stake in Pagerduty during the 2nd quarter worth about $157,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Pagerduty during the 2nd quarter worth about $236,000. 49.34% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the company. Raymond James reissued a “buy” rating and set a $4.75 price objective on shares of Pagerduty in a report on Friday, July 26th. TD Securities raised Pagerduty to a “top pick” rating and dropped their price objective for the stock from $5.00 to $4.50 in a report on Wednesday, September 4th. Zacks Investment Research raised Pagerduty from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Wednesday, September 11th. Canaccord Genuity reissued a “buy” rating on shares of Pagerduty in a report on Tuesday, July 9th. Finally, Piper Jaffray Companies raised their price target on Pagerduty from $52.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, June 7th. Four 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 stock. Pagerduty presently has an average rating of “Buy” and a consensus target price of $36.14.

Shares of NYSE:PD traded down $0.22 on Wednesday, hitting $30.41. The company’s stock had a trading volume of 7,813 shares, compared to its average volume of 965,782. The firm’s 50-day moving average price is $36.08. Pagerduty Inc has a 1 year low of $26.98 and a 1 year high of $59.82.

Pagerduty (NYSE:PD) last released its quarterly earnings results on Thursday, September 5th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.12. The business had revenue of $40.40 million during the quarter, compared to analysts’ expectations of $39.12 million. The firm’s quarterly revenue was up 45.8% on a year-over-year basis. As a group, equities analysts expect that Pagerduty Inc will post -0.75 earnings per share for the current fiscal year.

Pagerduty Company Profile

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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Institutional Ownership by Quarter for Pagerduty (NYSE:PD)

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