PagerDuty $PD Shares Sold by Royal Bank of Canada

Royal Bank of Canada cut its stake in PagerDuty (NYSE:PD) by 74.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,784 shares of the company’s stock after selling 50,171 shares during the period. Royal Bank of Canada’s holdings in PagerDuty were worth $103,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PD. WealthCollab LLC purchased a new position in shares of PagerDuty in the 1st quarter valued at about $25,000. PNC Financial Services Group Inc. raised its holdings in PagerDuty by 1,219.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,976 shares of the company’s stock valued at $31,000 after acquiring an additional 4,599 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in PagerDuty in the fourth quarter valued at approximately $68,000. Allspring Global Investments Holdings LLC purchased a new position in PagerDuty in the first quarter worth approximately $71,000. Finally, New York State Teachers Retirement System purchased a new position in PagerDuty in the fourth quarter worth approximately $102,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Weiss Ratings upgraded shares of PagerDuty from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 21st. TD Cowen reaffirmed a “buy” rating on shares of PagerDuty in a research report on Wednesday, August 26th. Truist Financial lifted their price objective 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. Canaccord Genuity Group increased their target price on PagerDuty from $10.00 to $15.00 and gave the company a “buy” rating in a report on Friday. Finally, Royal Bank Of Canada increased their target price on PagerDuty from $9.00 to $12.00 and gave the company a “sector perform” rating in a report on Friday, August 14th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.94.

PagerDuty Stock Performance

Shares of PD opened at $14.09 on Tuesday. The stock has a 50 day moving average price of $10.80 and a 200 day moving average price of $8.49. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 3.55 and a beta of 0.93. PagerDuty has a 52-week low of $5.70 and a 52-week high of $17.29.

PagerDuty (NYSE:PD) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. PagerDuty had a net margin of 37.50% and a return on equity of 18.52%. The company had revenue of $124.44 million for the quarter, compared to analyst estimates of $123.27 million. During the same period in the prior year, the firm posted $0.30 earnings per share. The firm’s 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. Research analysts predict that PagerDuty will post 0.58 EPS for the current fiscal year.

PagerDuty announced that its Board of Directors has approved a stock 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 purchase up to 16.4% of its stock through open market purchases. Stock buyback programs are often a sign 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.