Deutsche Bank AG Takes $5.64 Million Position in PagerDuty $PD

Key Points

• Deutsche Bank acquired 584,695 PagerDuty shares worth approximately $5.64 million, representing about 0.76% of the company. Institutional investors and hedge funds collectively own 97.26% of PagerDuty.
• Analyst sentiment remains mixed: PagerDuty has a consensus “Hold” rating and an average price target of $12.12, with recent target increases from Truist Financial and RBC offset by a downgrade from Morgan Stanley.
• PagerDuty recently exceeded quarterly earnings expectations and authorized a $100 million share-repurchase program, allowing it to buy back up to 16.4% of outstanding shares.

Deutsche Bank AG purchased a new position in shares of PagerDuty (NYSE:PD - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 584,695 shares of the company's stock, valued at approximately $5,642,000. Deutsche Bank AG owned about 0.76% of PagerDuty at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. WealthCollab LLC bought a new position in PagerDuty in the 1st quarter valued at approximately $25,000. PNC Financial Services Group Inc. grew its holdings in PagerDuty by 1,219.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,976 shares of the company's stock worth $31,000 after acquiring an additional 4,599 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in PagerDuty by 419.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,136 shares of the company's stock worth $32,000 after acquiring an additional 4,147 shares during the last quarter. Optiver Holding B.V. increased its position in PagerDuty by 5,699.0% in the 1st quarter. Optiver Holding B.V. now owns 6,031 shares of the company's stock valued at $37,000 after acquiring an additional 5,927 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in PagerDuty in the 4th quarter valued at approximately $68,000. Institutional investors and hedge funds own 97.26% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on PD. Truist Financial lifted their price target on shares of PagerDuty from $11.00 to $13.00 and gave the stock a "buy" rating in a report on Thursday, August 20th. Wall Street Zen cut shares of PagerDuty from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Royal Bank Of Canada raised their target price on PagerDuty from $9.00 to $12.00 and gave the company a "sector perform" rating in a research note on Friday, August 14th. Weiss Ratings raised PagerDuty from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday. Finally, Morgan Stanley lowered PagerDuty from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $10.00 to $9.00 in a research report on Tuesday, July 21st. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, PagerDuty has a consensus rating of "Hold" and a consensus target price of $12.12.

PagerDuty Stock Up 0.7%

Shares of NYSE:PD opened at $12.40 on Tuesday. The stock has a market cap of $956.44 million, a price-to-earnings ratio of 6.08, a PEG ratio of 3.16 and a beta of 0.93. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.83. PagerDuty has a 12-month low of $5.70 and a 12-month high of $17.29. The business's 50 day moving average is $10.35 and its 200 day moving average is $8.31.

PagerDuty (NYSE:PD - Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.32 EPS for the quarter, beating 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 firm posted $0.24 EPS. PagerDuty's quarterly revenue 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, sell-side analysts forecast that PagerDuty will post 0.58 earnings per share for the current fiscal year.

PagerDuty declared that its board has authorized 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 shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

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. 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.

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