SG Americas Securities LLC Decreases Stock Holdings in PagerDuty $PD

SG Americas Securities LLC lowered its stake in shares of PagerDuty (NYSE:PD) by 78.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,249 shares of the company’s stock after selling 87,525 shares during the quarter. SG Americas Securities LLC’s holdings in PagerDuty were worth $151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its holdings in PagerDuty by 333.2% in the third quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company’s stock worth $23,961,000 after purchasing an additional 1,115,577 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of PagerDuty in the 3rd quarter valued at about $13,710,000. Danske Bank A S purchased a new position in shares of PagerDuty in the 3rd quarter worth approximately $13,271,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of PagerDuty in the 4th quarter worth approximately $9,910,000. Finally, Two Sigma Investments LP raised its stake in shares of PagerDuty by 184.1% during the 3rd quarter. Two Sigma Investments LP now owns 855,831 shares of the company’s stock worth $14,138,000 after acquiring an additional 554,611 shares in the last quarter. Hedge funds and other institutional investors own 97.26% of the company’s stock.

PagerDuty Stock Performance

Shares of PD opened at $10.31 on Monday. The stock has a 50-day moving average of $8.47 and a two-hundred day moving average of $8.51. PagerDuty has a one year low of $5.70 and a one year high of $18.00. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a market cap of $795.49 million, a P/E ratio of 5.06, a P/E/G ratio of 2.65 and a beta of 0.94.

PagerDuty (NYSE:PD) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.08. PagerDuty had a return on equity of 18.20% and a net margin of 38.60%.The business had revenue of $120.97 million for the quarter, compared to the consensus estimate of $119.52 million. During the same quarter in the previous year, the business earned $0.24 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. PagerDuty has set its Q2 2027 guidance at 0.290-0.310 EPS. As a group, research analysts predict that PagerDuty will post 0.58 EPS for the current year.

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

Analyst Ratings Changes

PD has been the subject of a number of analyst reports. Royal Bank Of Canada increased their target price on shares of PagerDuty from $8.00 to $9.00 and gave the company a “sector perform” rating in a research report on Friday, May 29th. Canaccord Genuity Group lifted their price target on shares of PagerDuty from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Wall Street Zen raised PagerDuty from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of PagerDuty in a report on Friday, May 22nd. Finally, 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. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.50.

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.