Connor Clark & Lunn Investment Management Ltd. Purchases New Position in PagerDuty $PD

Posted by George Bondi on Aug 29th, 2026

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of PagerDuty (NYSE:PD – Free Report) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 294,556 shares of the company’s stock, valued at approximately $2,842,000.

A number of other large investors have also added to or reduced their stakes in the company. WealthCollab LLC purchased a new position in shares of PagerDuty in the first quarter valued at $25,000. PNC Financial Services Group Inc. increased its position in PagerDuty by 1,219.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,976 shares of the company’s stock worth $31,000 after purchasing an additional 4,599 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in PagerDuty by 419.3% during the first quarter. EverSource Wealth Advisors LLC now owns 5,136 shares of the company’s stock valued at $32,000 after purchasing an additional 4,147 shares in the last quarter. Optiver Holding B.V. raised its stake in PagerDuty by 5,699.0% during the first quarter. Optiver Holding B.V. now owns 6,031 shares of the company’s stock valued at $37,000 after purchasing an additional 5,927 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in PagerDuty during the fourth quarter valued at $68,000. Institutional investors own 97.26% of the company’s stock.

PagerDuty Price Performance

PD stock opened at $13.80 on Friday. PagerDuty has a 12 month low of $5.70 and a 12 month high of $17.29. 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 company has a 50-day moving average price of $10.68 and a 200 day moving average price of $8.44. The stock has a market cap of $1.06 billion, a PE ratio of 6.90, a P/E/G ratio of 3.24 and a beta of 0.93.

PagerDuty (NYSE:PD – Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. PagerDuty had a net margin of 37.50% and a return on equity of 17.97%. The company had revenue of $124.44 million for the quarter, compared to analyst estimates of $124.22 million. During the same period in the prior year, the company posted $0.30 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. Equities research analysts anticipate that PagerDuty will post 0.58 earnings per share for the current year.

PagerDuty announced that its Board of Directors has initiated a share buyback program on Thursday, May 28th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to repurchase up to 16.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have commented on PD. Wall Street Zen cut shares of PagerDuty from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. TD Cowen restated a “buy” rating on shares of PagerDuty in a research report on Wednesday. Royal Bank Of Canada increased their price target on shares of PagerDuty from $9.00 to $12.00 and gave the company a “sector perform” rating in a report on Friday, August 14th. UBS Group set a $13.50 price target on PagerDuty in a research report on Wednesday. Finally, Weiss Ratings raised PagerDuty from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $12.94.

Check Out Our Latest Analysis on PD

Trending Headlines about PagerDuty

Here are the key news stories impacting PagerDuty this week:

Positive Sentiment: Q2 results exceeded expectations. PagerDuty reported adjusted earnings of $0.32 per share versus the $0.31 consensus estimate and revenue of $124.44 million, ahead of expectations for $123.27 million. Revenue increased 0.8% year over year. PagerDuty Q2 Earnings Results
Positive Sentiment: Management raised its earnings outlook. Fiscal 2027 EPS guidance of $1.33 to $1.37 is well above the $1.17 analyst consensus, while third-quarter EPS guidance of $0.34 to $0.36 also exceeds expectations. Full-year revenue guidance of $491.5 million to $496.5 million is broadly in line with estimates. PagerDuty Guidance Update
Positive Sentiment: Cost reductions are supporting margins. PagerDuty plans to cut approximately 15% of its workforce and forecast third-quarter operating margins of 26.5% to 27.5%. Investors appear to be viewing the restructuring as a way to accelerate profitable growth. The company also highlighted more than $500 million in annual recurring revenue and $33 million in quarterly free cash flow. PagerDuty Margin Forecast and Restructuring
Positive Sentiment: Canaccord Genuity upgraded its valuation view. The firm raised its price target from $10 to $15 and maintained a Buy rating, providing additional support for the stock’s advance. Canaccord Raises PagerDuty Price Target
Neutral Sentiment: Analyst opinion remains mixed. Monness analyst Brian White reiterated a Hold rating, citing sluggish demand and mixed fundamentals. This suggests investors may question whether the improved profitability can be sustained if growth remains limited. PagerDuty Hold Rating

PagerDuty Company Profile

(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.