56,402 PagerDuty $PD Shares Acquired by Virtus Advisers LLC

Virtus Advisers LLC increased its position in shares of PagerDuty (NYSE:PD) by 142.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 96,008 shares of the company’s stock after purchasing an additional 56,402 shares during the period. Virtus Advisers LLC owned approximately 0.12% of PagerDuty worth $1,450,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in PagerDuty in the 2nd quarter worth about $7,629,000. Dimensional Fund Advisors LP purchased a new position in shares of PagerDuty during the first quarter valued at approximately $6,074,000. Glenmede Trust Co. NA boosted its position in shares of PagerDuty by 35.7% during the first quarter. Glenmede Trust Co. NA now owns 937,505 shares of the company’s stock valued at $5,822,000 after buying an additional 246,482 shares during the period. Deutsche Bank AG purchased a new position in shares of PagerDuty during the second quarter valued at approximately $5,642,000. Finally, Ieq Capital LLC bought a new position in shares of PagerDuty during the second quarter valued at approximately $3,918,000. 97.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Jennifer Tejada sold 107,000 shares of the stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $15.11, for a total transaction of $1,616,770.00. Following the transaction, the insider owned 1,563,251 shares of the company’s stock, valued at approximately $23,620,722.61. This represents a 6.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 178,445 shares of company stock worth $2,830,480. 6.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PD. TD Cowen reiterated a “buy” rating on shares of PagerDuty in a report on Wednesday, August 26th. Canaccord Genuity Group boosted their price objective on PagerDuty from $10.00 to $15.00 and gave the company a “buy” rating in a report on Friday, August 28th. Weiss Ratings upgraded PagerDuty from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 18th. Royal Bank Of Canada upped their price objective on PagerDuty from $12.00 to $14.00 and gave the company a “sector perform” rating in a research report on Monday, November 9th. Finally, UBS Group set a $13.50 target price on PagerDuty in a research note on Wednesday, August 26th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $12.81.

PagerDuty Trading Up 1.4%

Shares of NYSE:PD traded up $0.21 during trading on Friday, reaching $15.94. 971,337 shares of the company were exchanged, compared to its average volume of 1,359,026. The business’s fifty day simple moving average is $15.69 and its 200-day simple moving average is $10.42. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.02 and a quick ratio of 2.02. PagerDuty has a 12-month low of $5.70 and a 12-month high of $18.06. The firm has a market capitalization of $1.25 billion, a PE ratio of 7.97, a P/E/G ratio of 2.43 and a beta of 0.96.

PagerDuty (NYSE:PD) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.32 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $124.44 million during the quarter, compared to analyst estimates of $123.27 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. PagerDuty’s quarterly revenue was up .8% on a year-over-year basis. 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, research analysts anticipate that PagerDuty will post 0.69 EPS for the current year.

About PagerDuty

PagerDuty, Inc. provides cloud-based software for managing digital operations. Its PagerDuty Operations Cloud platform helps organizations detect and respond to technology incidents, coordinate response teams, automate operational workflows and reduce disruptions to digital services. The company’s products support incident management, AIOps, automation and customer service operations. They are used by IT, engineering, security and support teams to monitor systems, prioritize alerts and coordinate work across people and technology.