405,999 Shares in PagerDuty $PD Bought by Ieq Capital LLC

Ieq Capital LLC purchased a new stake in PagerDuty (NYSE:PD) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 405,999 shares of the company’s stock, valued at approximately $3,918,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in PagerDuty by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 13,066,929 shares of the company’s stock valued at $171,307,000 after buying an additional 472,975 shares during the period. Geode Capital Management LLC lifted its holdings in shares of PagerDuty by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 2,113,117 shares of the company’s stock worth $27,708,000 after acquiring an additional 58,881 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of PagerDuty by 333.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company’s stock worth $23,961,000 after acquiring an additional 1,115,577 shares during the period. Loomis Sayles & Co. L P boosted its position in shares of PagerDuty by 0.3% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,092,963 shares of the company’s stock worth $14,329,000 after acquiring an additional 3,276 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of PagerDuty by 55.4% during 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. Institutional investors own 97.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on PD shares. Canaccord Genuity Group boosted their price objective on shares of PagerDuty from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Wall Street Zen downgraded PagerDuty from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Royal Bank Of Canada lifted their price target on PagerDuty from $9.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, August 14th. Truist Financial boosted their price target on PagerDuty from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Finally, Weiss Ratings upgraded PagerDuty from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.12.

PagerDuty Trading Up 0.7%

Shares of PagerDuty stock opened at $12.40 on Tuesday. The firm’s 50 day moving average is $10.35 and its 200 day moving average is $8.31. The firm has a market capitalization of $956.44 million, a PE ratio of 6.08, a price-to-earnings-growth ratio of 3.16 and a beta of 0.93. PagerDuty has a 1 year low of $5.70 and a 1 year high of $17.29. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.83.

PagerDuty (NYSE:PD) last issued its earnings results on Thursday, May 28th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.08. The firm had revenue of $120.97 million for the quarter, compared to analyst estimates of $119.52 million. PagerDuty had a net margin of 38.60% and a return on equity of 18.20%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $0.24 earnings per share. PagerDuty has set its Q2 2027 guidance at 0.290-0.310 EPS. Equities research analysts forecast that PagerDuty will post 0.58 earnings per share for the current fiscal year.

PagerDuty announced that its Board of Directors has authorized a share repurchase program on Thursday, May 28th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 16.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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.