Quantbot Technologies LP Trims Holdings in PagerDuty $PD

Key Points

• Quantbot Technologies LP reduced its holdings in PagerDuty by 44.6%, now owning 51,707 shares valued at approximately $945,000.
• Several institutional investors have increased their stakes in PagerDuty, with ARK Investment Management raising its position by 1.9% and Bank of New York Mellon boosting its stake by 11.6%.
• PagerDuty recently reported an EPS of $0.24 for its latest quarter, surpassing expectations, with revenue rising by 7.8% year-over-year.

Quantbot Technologies LP trimmed its position in PagerDuty (NYSE:PD - Free Report) by 44.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,707 shares of the company's stock after selling 41,674 shares during the quarter. Quantbot Technologies LP owned about 0.06% of PagerDuty worth $945,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. ARK Investment Management LLC raised its stake in shares of PagerDuty by 1.9% in the first quarter. ARK Investment Management LLC now owns 9,170,848 shares of the company's stock worth $167,551,000 after purchasing an additional 174,501 shares during the last quarter. Janus Henderson Group PLC raised its position in PagerDuty by 2.1% during the fourth quarter. Janus Henderson Group PLC now owns 3,056,795 shares of the company's stock valued at $55,817,000 after acquiring an additional 61,456 shares in the last quarter. Bank of New York Mellon Corp raised its position in PagerDuty by 11.6% during the first quarter. Bank of New York Mellon Corp now owns 1,010,175 shares of the company's stock valued at $18,456,000 after acquiring an additional 104,838 shares in the last quarter. Northern Trust Corp raised its position in PagerDuty by 4.0% during the fourth quarter. Northern Trust Corp now owns 907,074 shares of the company's stock valued at $16,563,000 after acquiring an additional 35,026 shares in the last quarter. Finally, Deutsche Bank AG raised its position in PagerDuty by 5.8% during the first quarter. Deutsche Bank AG now owns 845,340 shares of the company's stock valued at $15,444,000 after acquiring an additional 46,289 shares in the last quarter. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced 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. Royal Bank Of Canada reduced their price target on PagerDuty from $22.00 to $20.00 and set an "outperform" rating for the company in a research report on Friday, May 30th. Truist Financial reduced their price target on PagerDuty from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Wall Street Zen cut PagerDuty from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, TD Securities reduced their price target on PagerDuty from $19.00 to $18.00 and set a "hold" rating for the company in a research report on Wednesday, May 21st. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $19.75.

PagerDuty Stock Up 5.7%

PagerDuty stock opened at $16.6970 on Friday. The stock has a market capitalization of $1.52 billion, a PE ratio of -41.74, a price-to-earnings-growth ratio of 10.03 and a beta of 0.89. PagerDuty has a 12 month low of $13.69 and a 12 month high of $21.98. The business has a 50 day simple moving average of $15.37 and a 200-day simple moving average of $16.27. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.02 and a quick ratio of 2.02.

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

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