PagerDuty $PD Stock Position Cut by Sei Investments Co.

Sei Investments Co. decreased its stake in shares of PagerDuty (NYSE:PD) by 78.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,854 shares of the company’s stock after selling 59,289 shares during the period. Sei Investments Co.’s holdings in PagerDuty were worth $98,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of PagerDuty by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 13,066,929 shares of the company’s stock worth $171,307,000 after acquiring an additional 472,975 shares during the period. Geode Capital Management LLC increased its stake in shares of PagerDuty by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 2,113,117 shares of the company’s stock valued at $27,708,000 after acquiring an additional 58,881 shares during the period. Ameriprise Financial Inc. raised its holdings in PagerDuty by 333.2% during the third quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company’s stock worth $23,961,000 after purchasing an additional 1,115,577 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings 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 in the last quarter. Finally, Millennium Management LLC lifted its position in PagerDuty by 55.4% in the first quarter. Millennium Management LLC now owns 1,005,111 shares of the company’s stock worth $18,363,000 after purchasing an additional 358,347 shares during the period. 97.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PD shares. Canaccord Genuity Group increased their price target on PagerDuty from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Truist Financial upped their price objective on PagerDuty from $9.00 to $11.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Wall Street Zen cut PagerDuty from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings raised PagerDuty from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 13th. Finally, Royal Bank Of Canada boosted their price target on shares of PagerDuty from $9.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.88.

PagerDuty Stock Up 1.2%

Shares of PagerDuty stock opened at $11.84 on Wednesday. The stock has a 50-day moving average price of $10.08 and a 200 day moving average price of $8.25. The company has a market cap of $913.41 million, a P/E ratio of 5.81, a P/E/G ratio of 3.05 and a beta of 0.93. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.83. PagerDuty has a 1 year low of $5.70 and a 1 year high of $17.29.

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

PagerDuty declared that its Board of Directors has approved a share buyback plan on Thursday, May 28th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 16.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is 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.