Susquehanna Fundamental Investments LLC Has $1.04 Million Holdings in PagerDuty $PD

Susquehanna Fundamental Investments LLC lessened its position in PagerDuty (NYSE:PD) by 32.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 107,592 shares of the company’s stock after selling 51,959 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in PagerDuty were worth $1,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. WealthCollab LLC bought a new stake in PagerDuty during the first quarter valued at about $25,000. PNC Financial Services Group Inc. grew its position in shares of PagerDuty by 1,219.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,976 shares of the company’s stock valued at $31,000 after purchasing an additional 4,599 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of PagerDuty by 419.3% in the first quarter. EverSource Wealth Advisors LLC now owns 5,136 shares of the company’s stock worth $32,000 after purchasing an additional 4,147 shares during the period. Optiver Holding B.V. increased its stake in shares of PagerDuty by 5,699.0% in the first quarter. Optiver Holding B.V. now owns 6,031 shares of the company’s stock worth $37,000 after purchasing an additional 5,927 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in shares of PagerDuty in the fourth quarter worth about $68,000. Institutional investors and hedge funds own 97.26% of the company’s stock.

PagerDuty Stock Down 1.3%

Shares of PD opened at $13.95 on Wednesday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 2.02 and a current ratio of 2.02. The company has a 50-day simple moving average of $10.91 and a 200-day simple moving average of $8.54. PagerDuty has a 52 week low of $5.70 and a 52 week high of $17.29. The firm has a market capitalization of $1.10 billion, a P/E ratio of 6.97, a P/E/G ratio of 2.59 and a beta of 0.96.

PagerDuty (NYSE:PD) last released its earnings results on Thursday, August 27th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. PagerDuty had a return on equity of 18.52% and a net margin of 37.50%.The business had revenue of $124.44 million for the quarter, compared to the consensus estimate of $123.27 million. During the same period last year, the business earned $0.30 earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. On average, equities research analysts expect that PagerDuty will post 0.58 earnings per share for the current year.

PagerDuty announced that its board has initiated a share repurchase plan on Thursday, May 28th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 16.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

PD has been the subject of several recent analyst reports. Canaccord Genuity Group increased their target price on PagerDuty from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, August 28th. UBS Group set a $13.50 price target on PagerDuty in a research report on Wednesday, August 26th. Weiss Ratings upgraded PagerDuty from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Wall Street Zen cut PagerDuty from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Royal Bank Of Canada increased their price objective on PagerDuty from $9.00 to $12.00 and gave the company a “sector perform” rating in a research report on Friday, August 14th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.94.

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.