Jupiter Topco LLC Buys Shares of 383,479 PagerDuty $PD

Jupiter Topco LLC bought a new position in PagerDuty (NYSE:PD) during the 2nd quarter, HoldingsChannel reports. The firm bought 383,479 shares of the company’s stock, valued at approximately $3,700,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PD. Hsbc Holdings PLC bought a new stake in shares of PagerDuty in the 2nd quarter valued at $1,205,000. Canada Pension Plan Investment Board acquired a new stake in PagerDuty during the 2nd quarter worth $436,000. Legal & General Group Plc bought a new position in PagerDuty during the second quarter worth about $612,000. The Manufacturers Life Insurance Company bought a new position in PagerDuty during the second quarter worth about $212,000. Finally, Brandywine Managers LLC acquired a new position in PagerDuty in the second quarter valued at about $294,000. 97.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. UBS Group set a $13.50 price target on PagerDuty in a report on Wednesday, August 26th. Canaccord Genuity Group lifted their price objective on PagerDuty from $10.00 to $15.00 and gave the company a “buy” rating in a report on Friday, August 28th. TD Cowen reiterated a “buy” rating on shares of PagerDuty in a research report on Wednesday, August 26th. Royal Bank Of Canada increased their target price on PagerDuty from $9.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Friday, August 14th. Finally, Wall Street Zen downgraded shares of PagerDuty from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $12.94.

PagerDuty Trading Down 1.3%

PD opened at $13.95 on Wednesday. The stock has a market capitalization of $1.10 billion, a P/E ratio of 6.97, a P/E/G ratio of 2.59 and a beta of 0.96. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.71. PagerDuty has a 12 month low of $5.70 and a 12 month high of $17.29. The firm’s fifty day simple moving average is $10.91 and its 200 day simple moving average is $8.54.

PagerDuty (NYSE:PD) last released its earnings results on Thursday, August 27th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. PagerDuty had a return on equity of 18.52% and a net margin of 37.50%.The firm had revenue of $124.44 million during the quarter, compared to analysts’ expectations of $123.27 million. During the same quarter in the prior year, the company earned $0.30 EPS. The company’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. As a group, research analysts anticipate that PagerDuty will post 0.58 EPS for the current fiscal year.

PagerDuty announced that its Board of Directors has initiated a share buyback plan on Thursday, May 28th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 16.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

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.