Robeco Institutional Asset Management B.V. purchased a new position in shares of PagerDuty (NYSE:PD – Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 101,979 shares of the company’s stock, valued at approximately $1,540,000.
Other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. boosted its holdings in shares of PagerDuty by 73.9% during the first quarter. Pacer Advisors Inc. now owns 569,907 shares of the company’s stock valued at $3,539,000 after acquiring an additional 242,100 shares during the period. Hsbc Holdings PLC bought a new position in shares of PagerDuty during the first quarter worth about $789,000. Deutsche Bank AG bought a new position in shares of PagerDuty during the second quarter worth about $5,642,000. KBC Group NV increased its holdings in shares of PagerDuty by 5,537.9% in the 1st quarter. KBC Group NV now owns 248,181 shares of the company’s stock worth $1,541,000 after acquiring an additional 243,779 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its holdings in shares of PagerDuty by 801.4% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 206,701 shares of the company’s stock worth $1,284,000 after acquiring an additional 183,770 shares during the period. Institutional investors own 97.26% of the company’s stock.
Analysts Set New Price Targets
PD has been the topic of several recent research reports. Canaccord Genuity Group lifted their price objective on shares of PagerDuty from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Royal Bank Of Canada boosted their target price on shares of PagerDuty from $9.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, August 14th. Truist Financial upped their target price on shares of PagerDuty from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Morgan Stanley upped their target price on shares of PagerDuty from $9.00 to $10.00 and gave the stock an “underweight” rating in a research report on Friday, August 28th. Finally, TD Cowen restated a “buy” rating on shares of PagerDuty in a research note on Wednesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.56.
Read Our Latest Stock Analysis on PagerDuty
PagerDuty Stock Up 2.0%
Shares of PagerDuty stock opened at $17.84 on Tuesday. The business’s fifty day moving average price is $14.54 and its two-hundred day moving average price is $10.06. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.02 and a quick ratio of 2.02. The company has a market capitalization of $1.40 billion, a P/E ratio of 8.92, a PEG ratio of 2.71 and a beta of 0.97. PagerDuty has a 1-year low of $5.70 and a 1-year high of $17.85.
PagerDuty (NYSE:PD – Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. PagerDuty had a return on equity of 18.52% and a net margin of 37.50%. The company had revenue of $124.44 million during the quarter, compared to analyst estimates of $123.27 million. During the same quarter in the previous year, the firm posted $0.30 EPS. The firm’s quarterly revenue 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. As a group, research analysts forecast that PagerDuty will post 0.69 EPS for the current year.
Insider Activity at PagerDuty
In related 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 transaction of $1,616,770.00. Following the sale, the insider directly owned 1,563,251 shares in the company, valued at $23,620,722.61. The trade was a 6.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 172,500 shares of company stock worth $2,723,470 over the last quarter. 6.00% of the stock is currently owned by company insiders.
About PagerDuty
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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