Vanguard Group Inc. Sells 134,996 Shares of PagerDuty $PD

Key Points

• Vanguard Group Inc. has reduced its holdings in PagerDuty by 1.3%, resulting in ownership of approximately 10.4 million shares worth about $189.9 million, which constitutes 11.41% of the company.
• PagerDuty reported a quarterly earnings per share of $0.24, surpassing estimates of $0.19, while its revenue rose by 7.8% year-over-year to $119.81 million.
• Current analyst ratings for PagerDuty include a mix of six buy, six hold, and two sell ratings, with an average price target set at $19.75.

Vanguard Group Inc. reduced its position in PagerDuty (NYSE:PD - Free Report) by 1.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,393,266 shares of the company's stock after selling 134,996 shares during the quarter. Vanguard Group Inc. owned 11.41% of PagerDuty worth $189,885,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KBC Group NV purchased a new position in shares of PagerDuty in the 1st quarter worth about $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in PagerDuty during the 4th quarter valued at about $130,000. Teacher Retirement System of Texas purchased a new stake in PagerDuty during the 1st quarter valued at about $229,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in PagerDuty during the 1st quarter valued at about $246,000. Finally, Allianz Asset Management GmbH purchased a new stake in PagerDuty during the 1st quarter valued at about $274,000. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. TD Cowen upgraded PagerDuty from a "hold" rating to a "buy" rating and set a $22.00 target price for the company in a report on Monday, July 28th. Royal Bank Of Canada dropped their target price on PagerDuty from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Friday, May 30th. Canaccord Genuity Group lowered their price target on PagerDuty from $23.00 to $21.00 and set a "buy" rating for the company in a research report on Monday, June 2nd. JPMorgan Chase & Co. lowered their price target on PagerDuty from $21.00 to $18.00 and set an "underweight" rating for the company in a research report on Friday, May 30th. Finally, Wall Street Zen lowered PagerDuty from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $19.75.

PagerDuty Stock Up 5.7%

Shares of PagerDuty stock traded up $0.9070 during midday trading on Friday, hitting $16.6970. The company had a trading volume of 2,759,962 shares, compared to its average volume of 2,860,580. The company has a debt-to-equity ratio of 2.70, a quick ratio of 2.02 and a current ratio of 2.02. The stock has a market capitalization of $1.52 billion, a P/E ratio of -41.74, a P/E/G ratio of 9.47 and a beta of 0.89. The company has a 50 day moving average of $15.37 and a 200 day moving average of $16.29. PagerDuty has a 52-week low of $13.69 and a 52-week high of $21.98.

PagerDuty (NYSE:PD - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.05. The company had revenue of $119.81 million for the quarter, compared to the consensus estimate of $118.98 million. PagerDuty had a negative return on equity of 8.73% and a negative net margin of 7.75%.The firm's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.17 EPS. PagerDuty has set its FY 2026 guidance at 0.950-1.00 EPS. Q2 2026 guidance at 0.190-0.200 EPS. On average, equities analysts predict that PagerDuty will post -0.27 earnings per share for the current fiscal year.

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.