SG Americas Securities LLC Lowers Holdings in PagerDuty $PD

SG Americas Securities LLC decreased its holdings in shares of PagerDuty (NYSE:PD) by 57.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 111,774 shares of the company’s stock after selling 149,215 shares during the quarter. SG Americas Securities LLC owned about 0.12% of PagerDuty worth $1,465,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in shares of PagerDuty by 252.0% during 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 during the period. Aster Capital Management DIFC Ltd acquired a new position in PagerDuty in the third quarter valued at about $59,000. State of Alaska Department of Revenue acquired a new position in PagerDuty in the third quarter valued at about $67,000. State of Tennessee Department of Treasury purchased a new position in PagerDuty during the second quarter worth about $160,000. Finally, One68 Global Capital LLC purchased a new position in PagerDuty during the third quarter worth about $165,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PD. Weiss Ratings reiterated a “sell (d+)” rating on shares of PagerDuty in a research report on Monday, December 29th. Truist Financial decreased their price objective on shares of PagerDuty from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Wall Street Zen raised shares of PagerDuty from a “hold” rating to a “buy” rating in a research report on Tuesday. Morgan Stanley set a $9.00 target price on shares of PagerDuty in a report on Thursday, February 19th. Finally, Royal Bank Of Canada decreased their price target on PagerDuty from $9.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Friday, March 13th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $12.40.

PagerDuty Stock Up 3.4%

Shares of NYSE:PD opened at $6.62 on Tuesday. The firm has a market capitalization of $562.14 million, a PE ratio of 3.60, a price-to-earnings-growth ratio of 2.84 and a beta of 0.78. PagerDuty has a 1 year low of $5.91 and a 1 year high of $18.00. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.01 and a quick ratio of 2.01. The firm’s 50-day moving average is $7.42 and its two-hundred day moving average is $11.78.

PagerDuty (NYSE:PD) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.24 by $0.05. The business had revenue of $124.79 million during the quarter, compared to analyst estimates of $122.96 million. PagerDuty had a net margin of 35.30% and a return on equity of 16.29%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 earnings per share. PagerDuty has set its Q1 2027 guidance at 0.230-0.250 EPS and its FY 2027 guidance at 1.230-1.280 EPS. Analysts predict that PagerDuty will post -0.27 EPS for the current year.

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.