SG Americas Securities LLC Purchases Shares of 260,989 PagerDuty $PD

SG Americas Securities LLC acquired a new position in shares of PagerDuty (NYSE:PD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 260,989 shares of the company’s stock, valued at approximately $4,312,000. SG Americas Securities LLC owned about 0.28% of PagerDuty at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. State of Tennessee Department of Treasury acquired a new stake in shares of PagerDuty in the second quarter valued at about $160,000. Oxford Asset Management LLP acquired a new position in PagerDuty during the second quarter valued at approximately $168,000. Caxton Associates LLP bought a new position in PagerDuty in the second quarter valued at approximately $186,000. Inceptionr LLC bought a new position in PagerDuty in the second quarter valued at approximately $201,000. Finally, AXA S.A. acquired a new position in shares of PagerDuty during the 2nd quarter worth approximately $205,000. Institutional investors own 97.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Morgan Stanley cut their price objective on PagerDuty from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Wednesday, November 26th. Wall Street Zen downgraded shares of PagerDuty from a “strong-buy” rating to a “buy” rating in a report on Friday, November 28th. Royal Bank Of Canada cut shares of PagerDuty from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $17.00 to $15.00 in a research note on Monday, January 5th. Canaccord Genuity Group reissued a “buy” rating and issued a $19.00 price objective on shares of PagerDuty in a research report on Wednesday, November 26th. Finally, TD Cowen lowered their price objective on shares of PagerDuty from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $16.64.

PagerDuty Trading Down 2.6%

Shares of PagerDuty stock opened at $12.34 on Monday. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.37 and a quick ratio of 2.37. The business has a fifty day simple moving average of $13.55 and a two-hundred day simple moving average of $15.08. PagerDuty has a 1 year low of $11.13 and a 1 year high of $20.00. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 7.71, a P/E/G ratio of 3.30 and a beta of 0.63.

PagerDuty (NYSE:PD) last released its quarterly earnings data on Tuesday, November 25th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.24 by $0.09. The firm had revenue of $124.55 million for the quarter, compared to the consensus estimate of $124.92 million. PagerDuty had a net margin of 31.12% and a return on equity of 10.27%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 earnings per share. PagerDuty has set its FY 2026 guidance at 1.110-1.120 EPS and its Q4 2026 guidance at 0.240-0.250 EPS. Research analysts forecast that PagerDuty will post -0.27 EPS for the current year.

Insiders Place Their Bets

In other PagerDuty news, Director Dan Alexandru Solomon sold 266,667 shares of the firm’s stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $13.35, for a total transaction of $3,560,004.45. Following the completion of the sale, the director directly owned 2,389,665 shares in the company, valued at $31,902,027.75. This trade represents a 10.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.00% of the stock is currently owned by corporate insiders.

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.