PagerDuty $PD Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. increased its position in shares of PagerDuty (NYSE:PD) by 73.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 569,907 shares of the company’s stock after purchasing an additional 242,100 shares during the period. Pacer Advisors Inc.’s holdings in PagerDuty were worth $3,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. WealthCollab LLC acquired a new stake in shares of PagerDuty during the first quarter worth $25,000. PNC Financial Services Group Inc. boosted its holdings in shares of PagerDuty by 1,219.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,976 shares of the company’s stock valued at $31,000 after buying an additional 4,599 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of PagerDuty by 419.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,136 shares of the company’s stock valued at $32,000 after buying an additional 4,147 shares during the period. Optiver Holding B.V. grew its position in shares of PagerDuty by 5,699.0% during the 1st quarter. Optiver Holding B.V. now owns 6,031 shares of the company’s stock valued at $37,000 after buying an additional 5,927 shares during the last quarter. Finally, KBC Group NV grew its position in shares of PagerDuty by 89.5% during the 4th quarter. KBC Group NV now owns 4,402 shares of the company’s stock valued at $58,000 after buying an additional 2,079 shares during the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PD shares. Truist Financial raised their target price on shares of PagerDuty from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Wall Street Zen lowered PagerDuty from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Morgan Stanley cut PagerDuty from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $10.00 to $9.00 in a research report on Tuesday, July 21st. Royal Bank Of Canada raised their price target on PagerDuty from $8.00 to $9.00 and gave the stock a “sector perform” rating in a report on Friday, May 29th. Finally, Canaccord Genuity Group boosted their price objective on PagerDuty from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, PagerDuty has an average rating of “Hold” and an average price target of $11.50.

PagerDuty Stock Performance

PD opened at $11.12 on Friday. The business’s 50 day moving average is $9.73 and its 200-day moving average is $8.21. The stock has a market cap of $857.73 million, a PE ratio of 5.45, a price-to-earnings-growth ratio of 2.88 and a beta of 0.93. 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 has a twelve month low of $5.70 and a twelve month high of $17.29.

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

PagerDuty declared that its Board of Directors has approved a share repurchase plan on Thursday, May 28th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 16.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are 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.