Amova Asset Management Americas Inc. Trims Stake in PagerDuty $PD

Amova Asset Management Americas Inc. trimmed its holdings in shares of PagerDuty (NYSE:PD) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,422,159 shares of the company’s stock after selling 179,990 shares during the quarter. Amova Asset Management Americas Inc.’s holdings in PagerDuty were worth $31,730,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of PagerDuty by 252.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company’s stock worth $27,000 after purchasing an additional 1,149 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of PagerDuty in the 3rd quarter worth about $59,000. KBC Group NV boosted its holdings in shares of PagerDuty by 89.5% in the 4th quarter. KBC Group NV now owns 4,402 shares of the company’s stock worth $58,000 after purchasing an additional 2,079 shares in the last quarter. New York State Teachers Retirement System purchased a new position in shares of PagerDuty in the 4th quarter worth about $102,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of PagerDuty in the 4th quarter worth about $114,000. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

PagerDuty Stock Down 3.5%

Shares of NYSE:PD opened at $8.73 on Wednesday. PagerDuty has a 52-week low of $5.70 and a 52-week high of $18.00. The firm has a market capitalization of $672.87 million, a P/E ratio of 4.28, a P/E/G ratio of 2.32 and a beta of 0.94. The stock has a 50 day moving average price of $7.14 and a 200-day moving average price of $9.10. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.95 and a current ratio of 1.95.

PagerDuty (NYSE:PD) last announced its earnings results on Thursday, May 28th. The company reported $0.32 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $120.97 million during the quarter, compared to analyst estimates of $119.52 million. During the same quarter in the prior year, the company earned $0.24 EPS. The business’s 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, equities research analysts anticipate that PagerDuty will post 0.58 EPS for the current fiscal year.

PagerDuty declared that its board has authorized a share buyback plan on Thursday, May 28th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to reacquire up to 16.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

PD has been the subject of several analyst reports. Royal Bank Of Canada increased their target price on PagerDuty from $8.00 to $9.00 and gave the company a “sector perform” rating in a report on Friday, May 29th. Canaccord Genuity Group increased their target price on PagerDuty from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, May 29th. Morgan Stanley set a $9.00 target price on PagerDuty in a report on Thursday, February 19th. Truist Financial dropped their target price on PagerDuty from $12.00 to $9.00 and set a “buy” rating for the company in a report on Friday, March 13th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of PagerDuty in a report on Friday, May 22nd. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $11.25.

PagerDuty 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.