PagerDuty $PD Position Lowered by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its position in PagerDuty (NYSE:PD) by 9.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,602,149 shares of the company’s stock after selling 285,212 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 2.79% of PagerDuty worth $42,988,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PD. Millennium Management LLC grew its position in shares of PagerDuty by 55.4% in the 1st quarter. Millennium Management LLC now owns 1,005,111 shares of the company’s stock worth $18,363,000 after acquiring an additional 358,347 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of PagerDuty by 32.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 896,369 shares of the company’s stock valued at $13,697,000 after acquiring an additional 219,128 shares in the last quarter. Loomis Sayles & Co. L P lifted its stake in PagerDuty by 3.0% during the second quarter. Loomis Sayles & Co. L P now owns 837,407 shares of the company’s stock worth $12,796,000 after purchasing an additional 24,013 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in PagerDuty by 31.7% in the second quarter. Qube Research & Technologies Ltd now owns 773,715 shares of the company’s stock worth $11,822,000 after purchasing an additional 186,152 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in PagerDuty by 17.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 557,406 shares of the company’s stock valued at $8,517,000 after purchasing an additional 84,502 shares during the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PD shares. Zacks Research upgraded shares of PagerDuty from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. Canaccord Genuity Group reissued a “buy” rating and issued a $19.00 target price on shares of PagerDuty in a report on Wednesday, November 26th. Truist Financial decreased their target price on PagerDuty from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, January 7th. Craig Hallum lowered PagerDuty from a “buy” rating to a “hold” rating and lowered their target price for the company from $20.00 to $15.00 in a report on Wednesday, November 26th. Finally, Bank of America began coverage on PagerDuty in a research report on Tuesday, December 2nd. They set an “underperform” rating and a $12.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.64.

Insider Buying and Selling at PagerDuty

In related news, Director Dan Alexandru Solomon sold 266,667 shares of the company’s stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $13.35, for a total value of $3,560,004.45. Following the completion of the sale, the director owned 2,389,665 shares of the company’s stock, valued at $31,902,027.75. This represents a 10.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 8.00% of the stock is currently owned by corporate insiders.

PagerDuty Price Performance

Shares of NYSE:PD opened at $11.82 on Friday. The firm’s 50 day moving average is $13.27 and its two-hundred day moving average is $15.00. PagerDuty has a 52 week low of $11.13 and a 52 week high of $20.00. The firm has a market capitalization of $1.08 billion, a P/E ratio of 7.39, a PEG ratio of 3.19 and a beta of 0.63. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.23.

PagerDuty (NYSE:PD) last issued its quarterly earnings data on Tuesday, November 25th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.09. PagerDuty had a return on equity of 10.27% and a net margin of 31.12%.The business had revenue of $124.55 million during the quarter, compared to the consensus estimate of $124.92 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. PagerDuty has set its FY 2026 guidance at 1.110-1.120 EPS and its Q4 2026 guidance at 0.240-0.250 EPS. Analysts anticipate that PagerDuty will post -0.27 earnings per share for the current year.

PagerDuty Company 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.