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.

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.