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PagerDuty, Inc. (NYSE:PD), a digital operations management company with a market capitalization of $1.4 billion and impressive gross profit margins of 83%, held its 2025 annual meeting of stockholders on Thursday. According to a press release statement based on the company’s SEC filing, shareholders voted on three proposals. InvestingPro analysis indicates the company maintains a strong financial position, with liquid assets exceeding short-term obligations and a healthy current ratio of 2.02.
First, stockholders elected three Class III directors—Elena Gomez, Zachary Nelson, and Bonita Stewart—to serve until the 2028 annual meeting or until successors are elected and qualified. The voting results were as follows: Elena Gomez received 65,577,510 votes for and 5,852,181 withheld; Zachary Nelson received 47,781,164 votes for and 23,648,527 withheld; Bonita Stewart received 52,272,159 votes for and 19,157,532 withheld. Each candidate had 9,017,365 broker non-votes. According to InvestingPro data, management has been actively engaging in share buybacks, demonstrating alignment with shareholder interests.
Second, shareholders ratified the appointment of PricewaterhouseCoopers LLP as PagerDuty’s independent registered public accounting firm for the fiscal year ending January 31, 2026. The vote was 80,373,457 in favor, 53,627 against, and 19,972 abstentions.
Third, shareholders approved, on an advisory and non-binding basis, the compensation of the company’s named executive officers. The results were 55,068,710 votes for, 16,099,608 against, and 261,373 abstentions, with 9,017,365 broker non-votes.
The meeting had participation from holders of 80,447,056 shares, representing 87.28% of the voting power as of the record date of May 12, 2025, satisfying quorum requirements.
All information is based on a press release statement and the company’s filing with the Securities and Exchange Commission.
In other recent news, PagerDuty has seen a series of updates affecting its stock outlook and financial projections. RBC Capital maintained its Outperform rating on PagerDuty, setting a price target of $20 and noting the company’s strategic changes in addressing go-to-market challenges. Canaccord Genuity also adjusted its price target to $21, maintaining a Buy rating and highlighting potential growth in fiscal year 2026, particularly with improvements in profitability and operating margins. Conversely, TD Cowen lowered its price target to $17, retaining a Hold rating due to concerns about annual recurring revenue and billing outlooks, despite a year-over-year increase in customer count.
PagerDuty’s first-quarter fiscal year 2026 results prompted Goldman Sachs to maintain a Neutral rating with a $16 price target. The firm noted a 1.2% shortfall in annual recurring revenue compared to consensus estimates and a 1.5% reduction in fiscal year 2026 revenue guidance. Despite these challenges, PagerDuty reported a record number of new customer additions and continued progress towards profitability, with operating and free cash flow margins surpassing expectations. The company aims for GAAP profitability by fiscal year 2027, with a focus on larger enterprise customers and improved go-to-market execution.
RBC Capital also noted impressive margin leverage and the appointment of a new Chief Revenue Officer as positive developments. Meanwhile, PagerDuty’s management has expressed optimism about its growth trajectory, particularly through investments in artificial intelligence and the public sector. These efforts are expected to drive double-digit growth and margins exceeding 30% over time. Analysts suggest that while current estimations have been slightly lowered, PagerDuty could finish the year strongly and potentially accelerate revenue in fiscal year 2026.
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