56,402 PagerDuty $PD Shares Acquired by Virtus Advisers LLC

Virtus Advisers LLC grew its holdings in PagerDuty (NYSE:PD) by 142.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 96,008 shares of the company’s stock after buying an additional 56,402 shares during the quarter. Virtus Advisers LLC’s holdings in PagerDuty were worth $1,450,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP purchased a new stake in shares of PagerDuty in the 1st quarter worth approximately $6,074,000. Bank of New York Mellon Corp purchased a new position in PagerDuty during the second quarter valued at approximately $7,629,000. Deutsche Bank AG purchased a new position in PagerDuty during the second quarter valued at approximately $5,642,000. GC Wealth Management RIA LLC purchased a new position in PagerDuty during the first quarter valued at approximately $2,552,000. Finally, Ieq Capital LLC bought a new position in PagerDuty in the second quarter worth approximately $3,918,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

Analyst Upgrades and Downgrades

PD has been the subject of a number of analyst reports. Morgan Stanley upped their target price on PagerDuty from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Friday, August 28th. TD Cowen reaffirmed a “buy” rating on shares of PagerDuty in a research report on Wednesday, August 26th. UBS Group set a $13.50 price target on PagerDuty in a report on Wednesday, August 26th. Canaccord Genuity Group boosted their price target on PagerDuty from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Finally, Wall Street Zen lowered PagerDuty from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $12.81.

PagerDuty Stock Up 1.4%

Shares of PD stock traded up $0.21 during mid-day trading on Friday, hitting $15.94. 971,337 shares of the stock traded hands, compared to its average volume of 1,359,026. The stock has a market cap of $1.25 billion, a P/E ratio of 7.97, a P/E/G ratio of 2.43 and a beta of 0.96. The stock’s fifty day moving average is $15.69 and its two-hundred day moving average is $10.42. PagerDuty has a 52-week low of $5.70 and a 52-week high of $18.06. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.02 and a quick ratio of 2.02.

PagerDuty (NYSE:PD) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. PagerDuty had a net margin of 37.50% and a return on equity of 18.52%. The business had revenue of $124.44 million for the quarter, compared to analysts’ expectations of $123.27 million. During the same period last year, the business earned $0.30 EPS. The company’s revenue was up .8% compared to the same quarter last year. 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 analysts predict that PagerDuty will post 0.69 EPS for the current year.

Insider Buying and Selling

In related news, insider Jennifer Tejada sold 5,945 shares of the stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $18.00, for a total transaction of $107,010.00. Following the completion of the sale, the insider owned 1,431,596 shares of the company’s stock, valued at $25,768,728. This represents a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 178,445 shares of company stock worth $2,830,480 over the last three months. Corporate insiders own 6.00% of the company’s stock.

PagerDuty Company Profile

PagerDuty, Inc. provides cloud-based software for managing digital operations. Its PagerDuty Operations Cloud platform helps organizations detect and respond to technology incidents, coordinate response teams, automate operational workflows and reduce disruptions to digital services. The company’s products support incident management, AIOps, automation and customer service operations. They are used by IT, engineering, security and support teams to monitor systems, prioritize alerts and coordinate work across people and technology.