Robeco Institutional Asset Management B.V. Acquires New Stake in PagerDuty $PD

Key Points

• Robeco Institutional Asset Management acquired 101,979 PagerDuty shares worth approximately $1.54 million, while institutional investors collectively own 97.26% of the company’s stock.
• Analyst sentiment is mixed: three analysts rate PagerDuty a Buy, five rate it Hold and two rate it Sell, resulting in a consensus Hold rating and an average price target of $12.56.
• PagerDuty reported quarterly EPS of $0.32, topping estimates by $0.01, and revenue of $124.44 million. Shares opened at $17.84 near their 52-week high, while insider Jennifer Tejada sold 107,000 shares under a pre-arranged trading plan.

Robeco Institutional Asset Management B.V. bought a new stake in PagerDuty (NYSE:PD - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 101,979 shares of the company's stock, valued at approximately $1,540,000. Robeco Institutional Asset Management B.V. owned approximately 0.13% of PagerDuty as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PD. Prime Capital Investment Advisors LLC acquired a new stake in shares of PagerDuty during the third quarter worth approximately $268,000. Green Alpha Advisors LLC increased its stake in shares of PagerDuty by 78.9% in the third quarter. Green Alpha Advisors LLC now owns 64,439 shares of the company's stock worth $973,000 after buying an additional 28,425 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of PagerDuty by 169.5% in the third quarter. Farther Finance Advisors LLC now owns 8,849 shares of the company's stock worth $134,000 after buying an additional 5,565 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in PagerDuty in the third quarter valued at $38,000. Finally, Versant Capital Management Inc raised its holdings in PagerDuty by 51.5% in the third quarter. Versant Capital Management Inc now owns 3,494 shares of the company's stock valued at $53,000 after acquiring an additional 1,187 shares in the last quarter. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on PD. UBS Group set a $13.50 price objective on shares of PagerDuty in a research note on Wednesday, August 26th. TD Cowen reissued a "buy" rating on shares of PagerDuty in a research report on Wednesday, August 26th. Wall Street Zen downgraded shares of PagerDuty from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Weiss Ratings upgraded shares of PagerDuty from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, September 18th. Finally, Canaccord Genuity Group upped their target price on shares of PagerDuty from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, August 28th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, PagerDuty has a consensus rating of "Hold" and an average price target of $12.56.

Insider Activity

In other news, insider Jennifer Tejada sold 107,000 shares of PagerDuty stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $15.11, for a total value of $1,616,770.00. Following the completion of the transaction, the insider directly owned 1,563,251 shares of the company's stock, valued at approximately $23,620,722.61. The trade was a 6.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 172,500 shares of company stock valued at $2,723,470. Company insiders own 6.00% of the company's stock.

PagerDuty Price Performance

Shares of PD opened at $17.84 on Tuesday. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 2.71 and a beta of 0.97. The stock has a 50 day moving average of $14.54 and a 200-day moving average of $10.06. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.71. PagerDuty has a 52 week low of $5.70 and a 52 week high of $17.85.

PagerDuty (NYSE:PD - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. The business had revenue of $124.44 million during the quarter, compared to the consensus estimate of $123.27 million. PagerDuty had a return on equity of 18.52% and a net margin of 37.50%. The business's quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 EPS. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. As a group, analysts forecast that PagerDuty will post 0.69 EPS for the current year.

PagerDuty Company Profile

PagerDuty, Inc is a technology company that provides digital operations management software for organizations. Its platform helps businesses detect, triage and respond to operational issues affecting applications, infrastructure, services and customer experiences.

The company's products include incident response, event intelligence, AIOps, process automation and customer service operations capabilities. PagerDuty integrates with monitoring, development, collaboration and information technology tools to help teams centralize alerts, automate workflows, coordinate responses and reduce the impact of service disruptions.

Founded in 2009, PagerDuty is headquartered in San Francisco and serves organizations across multiple industries and geographic markets worldwide.

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