UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Position in PagerDuty $PD

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in PagerDuty (NYSE:PD) by 15.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 207,384 shares of the company’s stock after selling 39,024 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.27% of PagerDuty worth $2,001,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of PagerDuty by 60.8% in the first quarter. Royal Bank of Canada now owns 96,575 shares of the company’s stock valued at $1,764,000 after acquiring an additional 36,517 shares during the period. AQR Capital Management LLC boosted its stake in shares of PagerDuty by 110.6% during the 1st quarter. AQR Capital Management LLC now owns 147,127 shares of the company’s stock worth $2,679,000 after purchasing an additional 77,251 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of PagerDuty by 1.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,601 shares of the company’s stock worth $943,000 after purchasing an additional 671 shares during the period. Millennium Management LLC grew its holdings in PagerDuty by 55.4% during the 1st quarter. Millennium Management LLC now owns 1,005,111 shares of the company’s stock valued at $18,363,000 after purchasing an additional 358,347 shares during the last quarter. Finally, Woodline Partners LP bought a new position in PagerDuty during the 1st quarter valued at about $556,000. 97.26% of the stock is owned by hedge funds and other institutional investors.

PagerDuty Stock Up 2.5%

Shares of NYSE PD opened at $14.09 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 2.02 and a current ratio of 2.02. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 7.05, a PEG ratio of 2.13 and a beta of 0.96. The stock has a 50 day moving average price of $11.59 and a 200 day moving average price of $8.91. PagerDuty has a 52-week low of $5.70 and a 52-week high of $16.91.

PagerDuty (NYSE:PD) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The company had revenue of $124.44 million for the quarter, compared to the consensus estimate of $123.27 million. PagerDuty had a return on equity of 18.52% and a net margin of 37.50%.PagerDuty’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the business posted $0.30 EPS. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. Sell-side analysts expect that PagerDuty will post 0.69 earnings per share for the current year.

PagerDuty declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 28th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 16.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. UBS Group set a $13.50 price objective on shares of PagerDuty in a research note on Wednesday, August 26th. Morgan Stanley upped their target price on PagerDuty from $9.00 to $10.00 and gave the company an “underweight” rating in a research note on Friday, August 28th. TD Cowen reiterated a “buy” rating on shares of PagerDuty in a report on Wednesday, August 26th. Truist Financial raised their price target on PagerDuty from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Finally, Royal Bank Of Canada boosted their price objective on PagerDuty from $9.00 to $12.00 and gave the company a “sector perform” rating in a report on Friday, August 14th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.56.

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.