Mirae Asset Global Investments Co. Ltd. Makes New $502,000 Investment in PagerDuty $PD

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of PagerDuty (NYSE:PD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,259 shares of the company’s stock, valued at approximately $502,000.

A number of other institutional investors have also made changes to their positions in PD. CoreCap Advisors LLC acquired a new position in shares of PagerDuty during the third quarter worth approximately $38,000. IFP Advisors Inc raised its stake in PagerDuty by 68.8% during the 2nd quarter. IFP Advisors Inc now owns 2,862 shares of the company’s stock valued at $28,000 after purchasing an additional 1,166 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of PagerDuty by 51.5% in the third quarter. Versant Capital Management Inc now owns 3,494 shares of the company’s stock valued at $53,000 after buying an additional 1,187 shares during the period. Nisa Investment Advisors LLC increased its stake in PagerDuty by 38.5% during the third quarter. Nisa Investment Advisors LLC now owns 3,641 shares of the company’s stock valued at $55,000 after acquiring an additional 1,013 shares during the period. Finally, WealthCollab LLC bought a new stake in shares of PagerDuty in the 1st quarter worth approximately $25,000. 97.26% of the stock is currently owned by institutional investors.

Insider Activity at PagerDuty

In other PagerDuty news, insider Jennifer Tejada sold 5,945 shares of the company’s stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $18.00, for a total value of $107,010.00. Following the completion of the sale, the insider owned 1,431,596 shares of the company’s stock, valued at approximately $25,768,728. This represents a 0.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 178,445 shares of company stock valued at $2,830,480. Corporate insiders own 6.00% of the company’s stock.

PagerDuty Stock Up 0.1%

NYSE PD opened at $15.70 on Tuesday. The stock has a market capitalization of $1.23 billion, a P/E ratio of 30.91, a price-to-earnings-growth ratio of 2.63 and a beta of 0.96. PagerDuty has a 52 week low of $5.70 and a 52 week high of $18.06. 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 stock has a fifty day moving average of $15.55 and a 200-day moving average of $10.33.

PagerDuty (NYSE:PD) last released its earnings results on Thursday, August 27th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. PagerDuty had a net margin of 37.50% and a return on equity of 18.52%. The company had revenue of $124.44 million for the quarter, compared to the consensus estimate of $123.27 million. During the same period in the prior year, the company posted $0.30 EPS. The company’s 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. On average, equities research analysts forecast that PagerDuty will post 0.69 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Weiss Ratings raised PagerDuty from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 18th. UBS Group set a $13.50 price target on shares of PagerDuty in a research note on Wednesday, August 26th. Morgan Stanley upped their price objective on PagerDuty from $9.00 to $10.00 and gave the company an “underweight” rating in a research note on Friday, August 28th. Canaccord Genuity Group boosted their price target on PagerDuty from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Finally, Royal Bank Of Canada lifted their price objective on PagerDuty from $12.00 to $14.00 and gave the company a “sector perform” rating in a report on Monday. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.81.

PagerDuty Profile

PagerDuty, Inc is a technology company that provides digital operations management software for organizations. Its platform helps businesses detect, triage and respond to operational issues affecting applications, infrastructure, services and customer experiences.

The company’s products include incident response, event intelligence, AIOps, process automation and customer service operations capabilities. PagerDuty integrates with monitoring, development, collaboration and information technology tools to help teams centralize alerts, automate workflows, coordinate responses and reduce the impact of service disruptions.

Founded in 2009, PagerDuty is headquartered in San Francisco and serves organizations across multiple industries and geographic markets worldwide.