Y Intercept Hong Kong Ltd Acquires 183,770 Shares of PagerDuty $PD

Y Intercept Hong Kong Ltd lifted its holdings in PagerDuty (NYSE:PD) by 801.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 206,701 shares of the company’s stock after purchasing an additional 183,770 shares during the period. Y Intercept Hong Kong Ltd’s holdings in PagerDuty were worth $1,284,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in PagerDuty by 1.3% in the first 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 in the last quarter. California State Teachers Retirement System raised its holdings in PagerDuty by 1.4% during the second quarter. California State Teachers Retirement System now owns 81,474 shares of the company’s stock valued at $1,245,000 after buying an additional 1,129 shares in the last quarter. ProShare Advisors LLC raised its holdings in PagerDuty by 11.8% during the fourth quarter. ProShare Advisors LLC now owns 16,324 shares of the company’s stock valued at $214,000 after buying an additional 1,720 shares in the last quarter. KBC Group NV lifted its position in shares of PagerDuty by 89.5% in the fourth quarter. KBC Group NV now owns 4,402 shares of the company’s stock worth $58,000 after buying an additional 2,079 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its position in shares of PagerDuty by 0.3% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,092,963 shares of the company’s stock worth $14,329,000 after buying an additional 3,276 shares during the last quarter. 97.26% of the stock is currently owned by institutional investors.

PagerDuty Stock Performance

PD traded down $0.14 during trading on Friday, hitting $10.31. The stock had a trading volume of 1,382,688 shares, compared to its average volume of 1,930,077. The firm has a market cap of $795.49 million, a PE ratio of 5.06, a P/E/G ratio of 2.68 and a beta of 0.94. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.83. PagerDuty has a 12 month low of $5.70 and a 12 month high of $18.00. The company has a 50 day simple moving average of $8.47 and a 200-day simple moving average of $8.54.

PagerDuty (NYSE:PD) last released its quarterly 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. The company had revenue of $120.97 million during the quarter, compared to analysts’ expectations of $119.52 million. PagerDuty had a net margin of 38.60% and a return on equity of 18.20%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 earnings per share. PagerDuty has set its Q2 2027 guidance at 0.290-0.310 EPS. Analysts expect that PagerDuty will post 0.58 EPS for the current year.

PagerDuty announced that its board has initiated a share buyback plan on Thursday, May 28th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 16.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

PD has been the topic of a number of analyst reports. Truist Financial increased their price objective on PagerDuty from $9.00 to $11.00 and gave the company a “buy” rating in a report on Thursday. Weiss Ratings restated a “sell (d)” rating on shares of PagerDuty in a report on Friday, May 22nd. William Blair restated a “market perform” rating on shares of PagerDuty in a report on Friday, March 13th. TD Cowen decreased their target price on PagerDuty from $20.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Finally, Wall Street Zen upgraded PagerDuty from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Three 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 target price of $11.50.

PagerDuty Company 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.