Deutsche Bank AG Raises Stock Holdings in PagerDuty (NYSE:PD)

Key Points

• Deutsche Bank AG increased its stake in PagerDuty by 5.8%, acquiring an additional 46,289 shares, bringing its total ownership to 845,340 shares, valued at $15.44 million.
• PagerDuty's average analyst rating is currently "Hold," with a consensus target price of $19.75, indicating mixed sentiment from research firms.
• The company's revenue for the last quarter increased by 7.8% year-over-year, reporting earnings of $0.24 EPS, surpassing analysts' expectations of $0.19 EPS.

Deutsche Bank AG increased its position in PagerDuty (NYSE:PD - Free Report) by 5.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 845,340 shares of the company's stock after buying an additional 46,289 shares during the period. Deutsche Bank AG owned 0.93% of PagerDuty worth $15,444,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in PagerDuty by 1.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,930 shares of the company's stock worth $930,000 after acquiring an additional 586 shares in the last quarter. Alliancebernstein L.P. raised its stake in PagerDuty by 0.7% during the fourth quarter. Alliancebernstein L.P. now owns 92,621 shares of the company's stock worth $1,691,000 after acquiring an additional 674 shares in the last quarter. KBC Group NV acquired a new position in PagerDuty during the first quarter worth $33,000. Cetera Investment Advisers raised its stake in PagerDuty by 22.5% during the first quarter. Cetera Investment Advisers now owns 15,946 shares of the company's stock worth $291,000 after acquiring an additional 2,928 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in shares of PagerDuty by 22.6% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 16,800 shares of the company's stock valued at $307,000 after buying an additional 3,100 shares in the last quarter. Institutional investors and hedge funds own 97.26% of the company's stock.

Wall Street Analyst Weigh In

PD has been the subject of a number of research reports. TD Cowen upgraded PagerDuty from a "hold" rating to a "buy" rating and set a $22.00 target price for the company in a research note on Monday, July 28th. Canaccord Genuity Group lowered their target price on PagerDuty from $23.00 to $21.00 and set a "buy" rating for the company in a research note on Monday, June 2nd. Royal Bank Of Canada lowered their target price on PagerDuty from $22.00 to $20.00 and set an "outperform" rating for the company in a research note on Friday, May 30th. Truist Financial lowered their target price on PagerDuty from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Finally, TD Securities lowered their target price on PagerDuty from $19.00 to $18.00 and set a "hold" rating for the company in a research note on Wednesday, May 21st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $19.75.

PagerDuty Price Performance

PD traded up $0.27 on Friday, reaching $15.75. The stock had a trading volume of 2,158,864 shares, compared to its average volume of 2,494,379. PagerDuty has a fifty-two week low of $13.69 and a fifty-two week high of $21.98. The firm has a 50-day moving average of $15.29 and a 200-day moving average of $16.36. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 2.70. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of -39.38, a price-to-earnings-growth ratio of 9.46 and a beta of 0.89.

PagerDuty (NYSE:PD - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.05. PagerDuty had a negative return on equity of 8.73% and a negative net margin of 7.75%. The firm had revenue of $119.81 million for the quarter, compared to analyst estimates of $118.98 million. During the same quarter in the previous year, the company posted $0.17 EPS. The business's revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts anticipate that PagerDuty will post -0.27 EPS for the current year.

PagerDuty 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.