SG Americas Securities LLC Trims Stock Position in PagerDuty $PD

SG Americas Securities LLC cut its holdings in shares of PagerDuty (NYSE:PD) by 78.3% in the first quarter, HoldingsChannel reports. The firm owned 24,249 shares of the company’s stock after selling 87,525 shares during the period. SG Americas Securities LLC’s holdings in PagerDuty were worth $151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in PD. Ameriprise Financial Inc. boosted its holdings in PagerDuty by 333.2% in the third quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company’s stock valued at $23,961,000 after purchasing an additional 1,115,577 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of PagerDuty during the 3rd quarter valued at about $13,710,000. Danske Bank A S purchased a new position in shares of PagerDuty during the 3rd quarter valued at about $13,271,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of PagerDuty in the 4th quarter valued at about $9,910,000. Finally, Two Sigma Investments LP lifted its holdings in shares of PagerDuty by 184.1% in the 3rd quarter. Two Sigma Investments LP now owns 855,831 shares of the company’s stock valued at $14,138,000 after buying an additional 554,611 shares during the period. 97.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PD. Canaccord Genuity Group upped their target price on PagerDuty from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of PagerDuty in a research report on Friday, May 22nd. Royal Bank Of Canada boosted their price target on PagerDuty from $8.00 to $9.00 and gave the company a “sector perform” rating in a report on Friday, May 29th. Wall Street Zen upgraded PagerDuty from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Finally, Truist Financial raised their price objective on shares of PagerDuty from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.50.

PagerDuty Price Performance

PagerDuty stock opened at $10.31 on Monday. The stock has a market capitalization of $795.49 million, a P/E ratio of 5.06, a P/E/G ratio of 2.65 and a beta of 0.94. The company’s fifty day moving average price is $8.47 and its 200 day moving average price is $8.51. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.95 and a current ratio of 1.95. PagerDuty has a 1 year low of $5.70 and a 1 year high of $18.00.

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

PagerDuty declared that its board has authorized a stock repurchase program on Thursday, May 28th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to reacquire up to 16.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

About PagerDuty

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.