PagerDuty $PD Shares Acquired by KBC Group NV

KBC Group NV increased its holdings in PagerDuty (NYSE:PDFree Report) by 5,537.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,181 shares of the company’s stock after buying an additional 243,779 shares during the quarter. KBC Group NV’s holdings in PagerDuty were worth $1,541,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new position in PagerDuty during the 1st quarter worth $71,000. Bank of New York Mellon Corp increased its holdings in shares of PagerDuty by 44.5% during the first quarter. Bank of New York Mellon Corp now owns 816,688 shares of the company’s stock valued at $5,072,000 after purchasing an additional 251,651 shares during the period. Principal Financial Group Inc. increased its holdings in shares of PagerDuty by 89.7% during the first quarter. Principal Financial Group Inc. now owns 394,297 shares of the company’s stock valued at $2,449,000 after purchasing an additional 186,440 shares during the period. Hsbc Holdings PLC bought a new stake in shares of PagerDuty during the first quarter valued at about $789,000. Finally, DGS Capital Management LLC bought a new stake in shares of PagerDuty during the first quarter valued at about $212,000. 97.26% of the stock is currently owned by institutional investors and hedge funds.

PagerDuty Trading Up 5.2%

Shares of PD opened at $9.07 on Friday. The business’s 50-day moving average price is $9.09 and its 200 day moving average price is $8.33. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $699.86 million, a P/E ratio of 4.45, a P/E/G ratio of 2.33 and a beta of 0.94. PagerDuty has a 1-year low of $5.70 and a 1-year high of $18.00.

PagerDuty (NYSE:PDGet Free Report) last announced its earnings results on Thursday, May 28th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.24 by $0.08. PagerDuty had a net margin of 38.60% and a return on equity of 18.20%. The company had revenue of $120.97 million during the quarter, compared to analysts’ expectations of $119.52 million. During the same period last year, the company posted $0.24 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. PagerDuty has set its Q2 2027 guidance at 0.290-0.310 EPS. Analysts expect that PagerDuty will post 0.58 earnings per share for the current year.

PagerDuty declared that its Board of Directors has authorized a share repurchase plan on Thursday, May 28th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to buy up to 16.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Canaccord Genuity Group upped their price objective on shares of PagerDuty from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Royal Bank Of Canada boosted their price target on shares of PagerDuty from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday, May 29th. Weiss Ratings raised shares of PagerDuty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 13th. Morgan Stanley cut shares of PagerDuty from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $10.00 to $9.00 in a report on Tuesday. Finally, Truist Financial raised their price objective on shares of PagerDuty from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.50.

Check Out Our Latest Stock Report on PagerDuty

About PagerDuty

(Free Report)

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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Institutional Ownership by Quarter for PagerDuty (NYSE:PD)

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