Jupiter Topco LLC Takes $3.70 Million Position in PagerDuty $PD

Key Points

• Jupiter Topco LLC acquired 383,479 PagerDuty shares worth approximately $3.7 million, representing about 0.5% of the company. Institutional investors collectively own 97.26% of PagerDuty.
• Analyst sentiment remains mixed, with three Buy, six Hold, and two Sell ratings; the consensus rating is Hold with an average price target of $12.94.
• PagerDuty slightly exceeded quarterly expectations, reporting $0.32 EPS and $124.44 million in revenue. The company also authorized a $100 million share-repurchase program, covering up to 16.4% of outstanding shares.

Jupiter Topco LLC acquired a new position in PagerDuty (NYSE:PD - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 383,479 shares of the company's stock, valued at approximately $3,700,000. Jupiter Topco LLC owned about 0.50% of PagerDuty at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its position in PagerDuty by 333.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company's stock valued at $23,961,000 after buying an additional 1,115,577 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of PagerDuty during the first quarter worth $6,074,000. Alyeska Investment Group L.P. bought a new stake in shares of PagerDuty during the third quarter worth $13,710,000. Danske Bank A S acquired a new position in shares of PagerDuty during the third quarter valued at $13,271,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of PagerDuty during the second quarter valued at $7,629,000. Institutional investors and hedge funds own 97.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PD shares. Weiss Ratings upgraded PagerDuty from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, August 21st. TD Cowen restated a "buy" rating on shares of PagerDuty in a research report on Wednesday, August 26th. Royal Bank Of Canada raised their target price on shares of PagerDuty from $9.00 to $12.00 and gave the company a "sector perform" rating in a research note on Friday, August 14th. Morgan Stanley raised their target price on shares of PagerDuty from $9.00 to $10.00 and gave the company an "underweight" rating in a research note on Friday. Finally, Wall Street Zen downgraded shares of PagerDuty from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $12.94.

PagerDuty Stock Down 1.3%

NYSE:PD opened at $13.95 on Wednesday. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 1.71. PagerDuty has a 12-month low of $5.70 and a 12-month high of $17.29. The stock's fifty day simple moving average is $10.91 and its 200-day simple moving average is $8.54. The firm has a market capitalization of $1.10 billion, a P/E ratio of 6.97, a P/E/G ratio of 2.59 and a beta of 0.96.

PagerDuty (NYSE:PD - Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.32 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 business had revenue of $124.44 million during the quarter, compared to the consensus estimate of $123.27 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The firm's 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. Equities research analysts expect that PagerDuty will post 0.58 earnings per share for the current year.

PagerDuty announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 28th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 16.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its stock is 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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