ARK Investment Management LLC has recently announced that it has increased stake in Pagerduty Inc (NYSE:PD) by 1.68%. After grabbing 10.55 million shares, the institutional investor is now in possession of 0.17 million shares of the Technology Company. The new investment brought the stake of investor firm to 11.31% having worth around $230.09 million. Moreover, The Vanguard Group, Inc. increased its share by 0.52 million to have a control over 9.54 million shares. And BlackRock Fund Advisors raised its holdings to 0.15 million shares by acquiring 5.86 million shares or 6.28% of the stake.
Pagerduty Inc (PD) concluded trading on 01/10/24 at a closing price of $26.50, with 9.32 million shares of worth about $246.97 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.82% during that period and on Wednesday the price saw a gain of about 16.84%. Currently the company’s common shares owned by public are about 91.18M shares, out of which, 86.47M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 88 times over the past 12 months. They bought 1,397,463 shares in 33 of the transactions. In 55 selling transactions, insiders dumped 1,117,390 shares.
ARK Innovation ETF, Fidelity Funds SICAV – Global Tec, and ClearBridge Small Cap Growth Fund are the top 3 mutual funds which are holding stakes in Pagerduty Inc ARK Innovation ETF is currently holding 8.9 million shares of worth totaling $194.11 million. The company recently came selling 52570.0 shares which brought its stake up to 9.54% of the company’s outstanding shares. Fidelity Funds SICAV – Global Tec bought 958.0 shares, after which its hold over company’s outstanding shares expand to 3.49%, leaving 3.26 million shares with the mutual fund that have a worth of about $71.05 million. ClearBridge Small Cap Growth Fund, after buying 3.23 million shares, have now control over 3.47% of the stake in the company. It holds 0.16 million shares of worth $70.51 million.
Pagerduty Inc (NYSE: PD) started trading at $22.67, below -$0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 26.55, or with a gain of 16.84%. Stock saw a price change of 25.00% in past 5 days and over the past one month there was a price change of 20.07%. Year-to-date (YTD), PD shares are showing a performance of 14.47% which increased to 7.55% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $19.18 but also hit the highest price of $35.33 during that period. The average intraday trading volume for Pagerduty Inc shares is 1.75 million. The stock is currently trading 15.58% above its 20-day simple moving average (SMA20), while that difference is up 20.55% for SMA50 and it goes to 7.78% higher than SMA200.
ARK Investment Management LLC acquired 10.55 million shares of Pagerduty Inc having value of about $230.09 million. Data submitted at the U.S SEC by ARK Investment Management LLC revealed that the firm now holds 0.17 million shares in the company valued at close to $4634744.0, or have control over 1.68% stake in the company. Pagerduty Inc (NYSE: PD) currently have 91.18M outstanding shares and institutions hold larger chunk of about 88.68% of that. Holding of mutual funds in the company is about 30.64% while other institutional holders and individual stake holders have control over 57.01% and 28.79% of the stake respectively.
The stock has a current market capitalization of $2.44B and its 3Y-monthly beta is at 0.92. It has posted earnings per share of -$0.82 in the same period. It has Quick Ratio of 2.67 while making debt-to-equity ratio of 2.73. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PD, volatility over the week remained 7.28% while standing at 4.37% over the month.
Analysts are in expectations that Pagerduty Inc (PD) stock would likely to be making an EPS of $0.15 in the current quarter, while forecast for next quarter EPS is $0.18 and it is $0.84 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.14 which is $0.19 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.08 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 1703.05% while it is estimated to increase by 15.88% in next year. EPS is likely to grow at an annualized rate of 30.00% for next 5-years, compared to annual growth of -23.26% made by the stock over the past 5-years.
Analysts at 11 brokerage firms have issued recommendations for the Pagerduty Inc (PD)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.91. Out of those 11 Wall Street analysts, 6 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on December 14, 2023 offering a Buy rating for the stock and assigned a target price of $30 to it.
