BlackRock Amends PagerDuty Stake to 8.3% as of Dec 31, 2023
Ticker: PD · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, pagerduty
TL;DR
**BlackRock still owns 8.3% of PagerDuty, showing continued institutional confidence.**
AI Summary
BlackRock, Inc. has filed an amendment to its Schedule 13G, indicating a change in its ownership stake in PagerDuty, Inc. As of December 31, 2023, BlackRock reported beneficial ownership of 7,377,209 shares of PagerDuty's Common Stock, representing 8.3% of the company. This is an update to their previous filing and shows BlackRock continues to be a significant institutional holder, which matters to investors as large institutional ownership can signal confidence in the company's long-term prospects.
Why It Matters
This filing shows BlackRock, a major institutional investor, still holds a substantial stake in PagerDuty, which can influence stock stability and investor sentiment.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility risk for the stock.
Analyst Insight
Investors should note BlackRock's continued significant stake, which suggests institutional confidence, but also monitor future filings for any substantial changes in ownership that could signal a shift in sentiment.
Key Numbers
- 7,377,209 — Shares Beneficially Owned (Represents BlackRock's total ownership in PagerDuty, indicating a significant stake.)
- 8.3% — Percentage of Class (Shows BlackRock's substantial influence and confidence in PagerDuty relative to its total outstanding shares.)
- December 31, 2023 — Reporting Date (Provides the most recent snapshot of BlackRock's ownership position in PagerDuty.)
Key Players & Entities
- BlackRock, Inc. (company) — reporting person and institutional investor
- PagerDuty, Inc. (company) — subject company whose shares are being reported
- 7,377,209 (dollar_amount) — number of shares beneficially owned by BlackRock
- 8.3% (dollar_amount) — percentage of PagerDuty's Common Stock beneficially owned by BlackRock
- December 31, 2023 (date) — date of the event requiring the filing
Forward-Looking Statements
- BlackRock will maintain a significant stake in PagerDuty, Inc. (BlackRock, Inc.) — medium confidence, target: December 31, 2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No: 3) to a Schedule 13G, indicating an update to BlackRock, Inc.'s beneficial ownership of PagerDuty, Inc. Common Stock as of December 31, 2023.
Which entity is the reporting person in this filing?
The reporting person in this filing is BlackRock, Inc., as stated under item (1) 'Names of reporting persons. BlackRock, Inc.'
What percentage of PagerDuty, Inc.'s Common Stock does BlackRock, Inc. beneficially own according to this filing?
BlackRock, Inc. beneficially owns 8.3% of PagerDuty, Inc.'s Common Stock, as indicated in the summary of beneficial ownership.
How many shares of PagerDuty, Inc. Common Stock does BlackRock, Inc. beneficially own?
BlackRock, Inc. beneficially owns 7,377,209 shares of PagerDuty, Inc. Common Stock, as detailed in the filing.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the filing.
From the Filing
EDGAR Filing Documents for 0001086364-24-002776 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-002776 Filing Date 2024-01-25 Accepted 2024-01-25 09:54:03 Documents 1 Document Format Files Seq Description Document Type Size 1 us69553p1003_012424.txt SC 13G/A 11783 Complete submission text file 0001086364-24-002776.txt 13578 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 600 TOWNSEND STREET #200 SAN FRANCISCO CA 94103 Business Address 600 TOWNSEND STREET #200 SAN FRANCISCO CA 94103 (844) 800-3889 PagerDuty, Inc. (Subject) CIK : 0001568100 (see all company filings) EIN. : 272793871 | State of Incorp.: DE | Fiscal Year End: 0131 Type: SC 13G/A | Act: 34 | File No.: 005-91172 | Film No.: 24559378 SIC : 7372 Services-Prepackaged Software (CF Office: 06 Technology)