Pacer Advisors Inc. Reduces Position in PagerDuty $PD

Pacer Advisors Inc. lowered its position in PagerDuty (NYSE:PD) by 31.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 293,444 shares of the company’s stock after selling 133,742 shares during the quarter. Pacer Advisors Inc.’s holdings in PagerDuty were worth $4,848,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of PD. Harbor Capital Advisors Inc. increased its holdings in shares of PagerDuty by 17.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 26,509 shares of the company’s stock valued at $438,000 after acquiring an additional 4,033 shares during the period. Hudson Bay Capital Management LP grew its position in PagerDuty by 166.8% during the 2nd quarter. Hudson Bay Capital Management LP now owns 81,539 shares of the company’s stock worth $1,246,000 after purchasing an additional 50,978 shares during the last quarter. Caxton Associates LLP purchased a new position in PagerDuty during the 2nd quarter worth $186,000. Tower Research Capital LLC TRC increased its stake in PagerDuty by 85.7% in the second quarter. Tower Research Capital LLC TRC now owns 43,641 shares of the company’s stock valued at $667,000 after purchasing an additional 20,142 shares during the period. Finally, State of Tennessee Department of Treasury purchased a new stake in shares of PagerDuty in the second quarter valued at about $160,000. 97.26% of the stock is owned by institutional investors and hedge funds.

PagerDuty Stock Up 2.8%

PagerDuty stock opened at $13.54 on Tuesday. The stock’s 50 day moving average price is $14.15 and its 200 day moving average price is $15.19. PagerDuty has a 1-year low of $11.13 and a 1-year high of $20.00. The company has a market cap of $1.24 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 4.21 and a beta of 0.69. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.37 and a quick ratio of 2.37.

PagerDuty (NYSE:PD) last released its quarterly earnings data on Tuesday, November 25th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.09. The firm had revenue of $124.55 million during the quarter, compared to analysts’ expectations of $124.92 million. PagerDuty had a return on equity of 10.27% and a net margin of 31.12%.PagerDuty’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 earnings per share. PagerDuty has set its FY 2026 guidance at 1.110-1.120 EPS and its Q4 2026 guidance at 0.240-0.250 EPS. On average, sell-side analysts predict that PagerDuty will post -0.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on PD. Weiss Ratings lowered PagerDuty from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, December 22nd. Truist Financial dropped their target price on PagerDuty from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Wall Street Zen cut PagerDuty from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 28th. TD Cowen decreased their price target on PagerDuty from $22.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. Finally, Zacks Research upgraded shares of PagerDuty from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.18.

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.