Formula Growth Ltd. Purchases New Shares in PagerDuty $PD

Formula Growth Ltd. acquired a new stake in PagerDuty (NYSE:PD) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 125,000 shares of the company’s stock, valued at approximately $1,206,000. Formula Growth Ltd. owned about 0.16% of PagerDuty as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. WealthCollab LLC acquired a new stake in shares of PagerDuty in the first quarter valued at $25,000. PNC Financial Services Group Inc. lifted its position in PagerDuty by 1,219.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,976 shares of the company’s stock worth $31,000 after buying an additional 4,599 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in PagerDuty by 419.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,136 shares of the company’s stock worth $32,000 after acquiring an additional 4,147 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in PagerDuty during the 4th quarter worth about $68,000. Finally, Optiver Holding B.V. increased its position in PagerDuty by 5,699.0% in the 1st quarter. Optiver Holding B.V. now owns 6,031 shares of the company’s stock valued at $37,000 after acquiring an additional 5,927 shares in the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Weiss Ratings raised shares of PagerDuty from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. UBS Group set a $13.50 price target on shares of PagerDuty in a research note on Wednesday. Wall Street Zen lowered shares of PagerDuty from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Canaccord Genuity Group boosted their price objective on shares of PagerDuty from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Finally, TD Cowen reaffirmed a “buy” rating on shares of PagerDuty in a report on Wednesday. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, PagerDuty currently has an average rating of “Hold” and a consensus price target of $12.28.

PagerDuty Price Performance

Shares of PD stock opened at $12.66 on Friday. The stock has a 50-day moving average price of $10.57 and a 200 day moving average price of $8.40. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.83. The firm has a market cap of $976.26 million, a price-to-earnings ratio of 6.21, a PEG ratio of 3.13 and a beta of 0.93. PagerDuty has a 12 month low of $5.70 and a 12 month high of $17.29.

PagerDuty (NYSE:PD) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. PagerDuty had a return on equity of 18.20% and a net margin of 38.60%.The firm had revenue of $124.44 million during the quarter, compared to analysts’ expectations of $123.27 million. During the same period in the previous year, the business posted $0.30 EPS. The company’s quarterly revenue was up .8% compared to the same quarter last year. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. Research analysts expect that PagerDuty will post 0.58 EPS for the current year.

PagerDuty declared that its Board of Directors has authorized a stock 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 purchase up to 16.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Key Stories Impacting PagerDuty

Here are the key news stories impacting PagerDuty this week:

• Positive Sentiment: Q2 results exceeded expectations: PagerDuty reported adjusted earnings of $0.32 per share, above consensus estimates of $0.30–$0.31 and matching the prior-year result. Revenue reached $124.44 million, ahead of the roughly $123.27 million consensus estimate. PagerDuty Announces Second Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Profit guidance was raised above analyst expectations: Third-quarter fiscal 2027 EPS guidance of $0.34–$0.36 is above the $0.31 consensus estimate. Full-year EPS guidance of $1.33–$1.37 also exceeds the $1.17 consensus, signaling improved margin and cost discipline. PagerDuty Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Cash generation and recurring revenue reached notable milestones: Management said annual recurring revenue surpassed $500 million and free cash flow totaled $33 million, supporting the company’s focus on sustainable, profitable growth. PagerDuty Announces Second Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Analyst sentiment improved: TD Cowen maintained a Buy rating and raised its price target to $13.50 from $10, citing progress with PagerDuty’s usage-based model and an attractive valuation. PagerDuty Analyst Reaffirms Buy Rating and Raises Price Target
• Neutral Sentiment: Revenue expectations remain restrained: Third-quarter revenue guidance of $123 million–$125 million is broadly in line with the $124.2 million consensus, while full-year guidance of $491.5 million–$496.5 million is only modestly above the $493.2 million consensus midpoint.
• Negative Sentiment: Restructuring introduces execution risk: PagerDuty announced a restructuring while emphasizing profitable growth. Although the actions may improve efficiency, restructuring costs and potential disruption could weigh on near-term operations. PagerDuty Announces Restructuring Amid Focus on Profitable Growth

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.