Ieq Capital LLC Buys New Holdings in PagerDuty $PD

Ieq Capital LLC purchased a new position in shares of PagerDuty (NYSE:PD) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 405,999 shares of the company’s stock, valued at approximately $3,918,000. Ieq Capital LLC owned 0.53% of PagerDuty as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of PagerDuty by 1.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,601 shares of the company’s stock valued at $943,000 after buying an additional 671 shares during the last quarter. California State Teachers Retirement System lifted its holdings in PagerDuty by 1.4% during the 2nd quarter. California State Teachers Retirement System now owns 81,474 shares of the company’s stock valued at $1,245,000 after purchasing an additional 1,129 shares during the last quarter. ProShare Advisors LLC lifted its holdings in PagerDuty by 11.8% during the 4th quarter. ProShare Advisors LLC now owns 16,324 shares of the company’s stock valued at $214,000 after purchasing an additional 1,720 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in PagerDuty by 0.3% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,092,963 shares of the company’s stock worth $14,329,000 after purchasing an additional 3,276 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in shares of PagerDuty by 4.1% in the third quarter. Alliancebernstein L.P. now owns 95,302 shares of the company’s stock valued at $1,574,000 after purchasing an additional 3,784 shares during the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.

Analyst Ratings Changes

PD has been the subject of a number of research reports. Morgan Stanley cut shares of PagerDuty from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $10.00 to $9.00 in a research note on Tuesday, July 21st. Weiss Ratings upgraded shares of PagerDuty from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Truist Financial upped their target price on PagerDuty from $11.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Wall Street Zen lowered PagerDuty from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Canaccord Genuity Group lifted their price target on PagerDuty from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $12.12.

PagerDuty Price Performance

Shares of PagerDuty stock opened at $12.40 on Tuesday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $956.44 million, a price-to-earnings ratio of 6.08, a price-to-earnings-growth ratio of 3.16 and a beta of 0.93. PagerDuty has a twelve month low of $5.70 and a twelve month high of $17.29. The company has a 50-day simple moving average of $10.35 and a two-hundred day simple moving average of $8.31.

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

PagerDuty declared that its board has approved a share buyback program on Thursday, May 28th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 16.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

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. 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.