The Law Offices of Frank R. Cruz announces an investigation of PagerDuty, Inc. (“PagerDuty” or the “Company”) (NYSE: PD) on behalf of investors concerning the Company’s possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON PAGERDUTY, INC. (PD), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.

What Is the Investigation About?

On November 25, 2025, PagerDuty released third quarter fiscal 2026 financial results, revealing, among other things, “Dollar-based net retention rate was 100% as of October 31, 2025, compared to 107% as of October 31, 2024.” The Company also cut its full year financial outlook to “revenue of $490.0 million - $492.0 million (compared to the previous guidance of $493.0 million - $497.0 million), representing a growth rate of 5% year over year.”

During the related earnings call, the Company’s CFO stated “[a]lthough the number of customers churning and downgrading is trending downwards, the dollar value of the contraction, driven by seat-based reductions and customer budget caution has been larger than we forecast.”

On this news, PagerDuty’s stock price fell $3.54, or 23.3%, to close at $11.64 per share on November 26, 2025, thereby injuring investors.

Contact Us to Participate or Learn More:

If you purchased PagerDuty securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

The Law Offices of Frank R. Cruz

2121 Avenue of the Stars, Suite 800

Century City, California 90067

Call us at: 310-914-5007

Email us at: info@frankcruzlaw.com

Visit our website at: www.frankcruzlaw.com.

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