Envestnet Asset Management Inc. Has $939,000 Stake in PagerDuty $PD

Envestnet Asset Management Inc. trimmed its stake in PagerDuty (NYSE:PD) by 61.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,434 shares of the company’s stock after selling 97,107 shares during the quarter. Envestnet Asset Management Inc.’s holdings in PagerDuty were worth $939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AlphaQuest LLC lifted its position in PagerDuty by 92.9% in the 2nd quarter. AlphaQuest LLC now owns 30,299 shares of the company’s stock worth $463,000 after buying an additional 14,593 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of PagerDuty during the 2nd quarter valued at $246,000. CWM LLC increased its stake in shares of PagerDuty by 78.4% in the second quarter. CWM LLC now owns 18,086 shares of the company’s stock worth $276,000 after acquiring an additional 7,949 shares during the last quarter. SteelPeak Wealth LLC raised its holdings in shares of PagerDuty by 16.8% during the second quarter. SteelPeak Wealth LLC now owns 27,287 shares of the company’s stock worth $417,000 after acquiring an additional 3,928 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in PagerDuty during the second quarter valued at $419,000. 97.26% of the stock is owned by hedge funds and other institutional investors.

PagerDuty Price Performance

Shares of PagerDuty stock opened at $14.89 on Friday. The firm has a fifty day simple moving average of $15.87 and a 200-day simple moving average of $15.75. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 2.18. PagerDuty has a 1-year low of $13.69 and a 1-year high of $21.98. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -93.06, a PEG ratio of 10.83 and a beta of 0.83.

PagerDuty (NYSE:PD) last posted its earnings results on Wednesday, September 3rd. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). The firm had revenue of $123.41 million during the quarter, compared to analyst estimates of $123.52 million. PagerDuty had a negative net margin of 2.87% and a positive return on equity of 2.81%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 earnings per share. PagerDuty has set its Q3 2026 guidance at 0.240-0.25 EPS. FY 2026 guidance at 1.000-1.04 EPS. On average, sell-side analysts expect that PagerDuty will post -0.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PD. Truist Financial dropped their target price on PagerDuty from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday. Robert W. Baird dropped their price objective on PagerDuty from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Thursday, September 4th. Zacks Research raised shares of PagerDuty to a “hold” rating in a research report on Friday, August 8th. Wall Street Zen raised shares of PagerDuty from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 31st. Finally, Cowen upgraded shares of PagerDuty from a “hold” rating to a “buy” rating in a report on Monday, July 28th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $18.40.

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.