PagerDuty $PD Shares Acquired by Pacer Advisors Inc.

Key Points

• Pacer Advisors increased its PagerDuty stake by 73.9% in the first quarter, bringing its holdings to 569,907 shares worth approximately $3.54 million. Institutional investors and hedge funds collectively own 97.26% of the company.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $11.50. Recent targets range from $9 to $11, including both upgrades and downgrades.
• PagerDuty exceeded quarterly earnings expectations, reporting $0.32 in EPS versus a $0.24 estimate and revenue of $120.97 million. The company also authorized a $100 million share buyback, covering up to 16.4% of outstanding shares.

Pacer Advisors Inc. increased its holdings in shares of PagerDuty (NYSE:PD - Free Report) by 73.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 569,907 shares of the company's stock after purchasing an additional 242,100 shares during the period. Pacer Advisors Inc. owned 0.74% of PagerDuty worth $3,539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. lifted its stake in shares of PagerDuty by 333.2% during the third quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company's stock worth $23,961,000 after purchasing an additional 1,115,577 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of PagerDuty during the 1st quarter valued at about $6,074,000. Alyeska Investment Group L.P. purchased a new stake in shares of PagerDuty during the 3rd quarter valued at about $13,710,000. Danske Bank A S acquired a new position in PagerDuty during the 3rd quarter worth approximately $13,271,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in PagerDuty during the 4th quarter worth approximately $9,910,000. 97.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

PagerDuty Trading Down 0.9%

NYSE PD opened at $11.12 on Friday. PagerDuty has a 12 month low of $5.70 and a 12 month high of $17.29. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.95 and a quick ratio of 1.95. The company has a market capitalization of $857.73 million, a price-to-earnings ratio of 5.45, a price-to-earnings-growth ratio of 2.88 and a beta of 0.93. The company's fifty day moving average price is $9.73 and its two-hundred day moving average price is $8.21.

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

PagerDuty announced that its Board of Directors has initiated a stock buyback plan on Thursday, May 28th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to buy up to 16.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is 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.

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