GC Wealth Management RIA LLC Makes New $2.55 Million Investment in PagerDuty $PD

GC Wealth Management RIA LLC purchased a new position in shares of PagerDuty (NYSE:PD) in the first quarter, HoldingsChannel reports. The fund purchased 410,931 shares of the company’s stock, valued at approximately $2,552,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. WealthCollab LLC acquired a new position in shares of PagerDuty in the first quarter valued at approximately $25,000. PNC Financial Services Group Inc. boosted its position in PagerDuty by 1,219.9% during the first quarter. PNC Financial Services Group Inc. now owns 4,976 shares of the company’s stock worth $31,000 after acquiring an additional 4,599 shares during the last quarter. KBC Group NV boosted its position in PagerDuty by 89.5% during the fourth quarter. KBC Group NV now owns 4,402 shares of the company’s stock worth $58,000 after acquiring an additional 2,079 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in PagerDuty in the 4th quarter worth approximately $68,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in PagerDuty in the 1st quarter worth approximately $71,000. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PD shares. Truist Financial boosted their price target on PagerDuty from $9.00 to $11.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Canaccord Genuity Group raised their price objective on PagerDuty from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Royal Bank Of Canada lifted their price objective on PagerDuty from $8.00 to $9.00 and gave the company a “sector perform” rating in a research report on Friday, May 29th. Wall Street Zen lowered PagerDuty from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Morgan Stanley lowered PagerDuty from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $10.00 to $9.00 in a research note on Tuesday. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $11.50.

PagerDuty Price Performance

PD opened at $9.07 on Friday. The company’s 50 day simple moving average is $9.09 and its 200 day simple moving average is $8.33. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.95 and a current ratio of 1.95. PagerDuty has a 1 year low of $5.70 and a 1 year high of $18.00. The stock has a market capitalization of $699.89 million, a PE ratio of 4.45, a P/E/G ratio of 2.21 and a beta of 0.94.

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

PagerDuty announced that its board has approved a share repurchase program on Thursday, May 28th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase up to 16.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership 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.