Pacer Advisors Inc. Cuts Stake in PagerDuty $PD

Pacer Advisors Inc. cut its holdings in shares of PagerDuty (NYSE:PD) by 31.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 293,444 shares of the company’s stock after selling 133,742 shares during the quarter. Pacer Advisors Inc. owned 0.31% of PagerDuty worth $4,848,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PD. Millennium Management LLC increased its position in shares of PagerDuty by 55.4% during the first quarter. Millennium Management LLC now owns 1,005,111 shares of the company’s stock worth $18,363,000 after acquiring an additional 358,347 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in PagerDuty by 32.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 896,369 shares of the company’s stock worth $13,697,000 after purchasing an additional 219,128 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in PagerDuty by 3.0% during the 2nd quarter. Loomis Sayles & Co. L P now owns 837,407 shares of the company’s stock worth $12,796,000 after purchasing an additional 24,013 shares during the period. Qube Research & Technologies Ltd raised its position in PagerDuty by 31.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 773,715 shares of the company’s stock valued at $11,822,000 after purchasing an additional 186,152 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in PagerDuty by 3.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 734,706 shares of the company’s stock valued at $13,423,000 after purchasing an additional 25,552 shares in the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PD shares. Royal Bank Of Canada lowered their price objective on PagerDuty from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Wednesday, November 26th. Robert W. Baird lowered their price target on shares of PagerDuty from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, September 4th. Morgan Stanley reduced their price objective on shares of PagerDuty from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 26th. TD Cowen decreased their price objective on shares of PagerDuty from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Finally, Weiss Ratings lowered PagerDuty from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.18.

PagerDuty Stock Up 2.8%

PD stock opened at $13.54 on Tuesday. The stock has a market cap of $1.24 billion, a P/E ratio of 8.46, a PEG ratio of 4.21 and a beta of 0.69. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.23. PagerDuty has a twelve month low of $11.13 and a twelve month high of $20.00. The company’s 50 day moving average is $14.15 and its two-hundred day moving average is $15.19.

PagerDuty (NYSE:PD) last posted its earnings results on Tuesday, November 25th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.09. PagerDuty had a net margin of 31.12% and a return on equity of 10.27%. The firm had revenue of $124.55 million for the quarter, compared to the consensus estimate of $124.92 million. During the same period last year, the firm posted $0.26 EPS. The company’s revenue was up 4.7% on a year-over-year basis. PagerDuty has set its FY 2026 guidance at 1.110-1.120 EPS and its Q4 2026 guidance at 0.240-0.250 EPS. Research analysts expect that PagerDuty will post -0.27 earnings per share for the current fiscal year.

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.