PagerDuty shares jump as investors boost stakes and analysts raise targets

KBC Group NV increased its holding in PagerDuty Inc. (NYSE:PD) by 243,779 shares, bringing its ownership to about 0.29% of the company, valued at roughly $1.5 million after the latest quarter. Other major investors such as Vanguard Group and Millennium Management also adjusted their positions in recent filings.

On the market side, PagerDuty stock rose 9.2% to $9.92, trading near its 50‑day moving average. Analysts revised price objectives: Truist lifted its target to $11 and issued a buy rating, Royal Bank of Canada raised its target to $9 with a sector‑perform stance, while Morgan Stanley cut its rating to underweight and lowered the target to $9. The consensus rating remains a hold, with an average price target of $11.50. The company reported quarterly earnings of $0.32 per share, beating estimates by $0.08 and posting revenue of $120.97 million.