PagerDuty $PD Stock Position Reduced by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC lessened its stake in PagerDuty (NYSE:PD) by 32.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 107,592 shares of the company’s stock after selling 51,959 shares during the quarter. Susquehanna Fundamental Investments LLC owned 0.14% of PagerDuty worth $1,038,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WealthCollab LLC purchased a new position in shares of PagerDuty during the 1st quarter valued at $25,000. PNC Financial Services Group Inc. raised its holdings in shares of PagerDuty by 1,219.9% during the first quarter. PNC Financial Services Group Inc. now owns 4,976 shares of the company’s stock worth $31,000 after acquiring an additional 4,599 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position 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 during the last quarter. Kestra Advisory Services LLC purchased a new position in PagerDuty in the fourth quarter valued at about $68,000. Finally, Optiver Holding B.V. grew its stake in PagerDuty by 5,699.0% in 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. Hedge funds and other institutional investors own 97.26% of the company’s stock.

PagerDuty Price Performance

NYSE PD opened at $13.95 on Wednesday. PagerDuty has a fifty-two week low of $5.70 and a fifty-two week high of $17.29. The stock’s 50-day moving average is $10.91 and its two-hundred day moving average is $8.54. The firm has a market cap of $1.10 billion, a P/E ratio of 6.97, a price-to-earnings-growth ratio of 2.59 and a beta of 0.96. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.02 and a quick ratio of 2.02.

PagerDuty (NYSE:PD) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The company 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 firm’s revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $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. On average, analysts anticipate that PagerDuty will post 0.58 earnings per share for the current fiscal year.

PagerDuty declared that its Board of Directors has approved a stock repurchase plan 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 plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

PD has been the topic of several research reports. Canaccord Genuity Group upped their target price on PagerDuty from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Weiss Ratings raised PagerDuty from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Morgan Stanley increased their price objective on PagerDuty from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Friday. Royal Bank Of Canada raised their price objective on shares of PagerDuty from $9.00 to $12.00 and gave the company a “sector perform” rating in a research report on Friday, August 14th. Finally, Truist Financial lifted their target price on shares of PagerDuty from $11.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $12.94.

About PagerDuty

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.