PagerDuty, Inc. (NYSE:PD) Receives Average Rating of “Hold” from Brokerages

PagerDuty, Inc. (NYSE:PD) has earned a consensus rating of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $21.82.

Several equities research analysts have recently issued reports on PD shares. JPMorgan Chase & Co. lowered their target price on shares of PagerDuty from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Royal Bank of Canada reduced their target price on PagerDuty from $27.00 to $22.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. Craig Hallum reduced their price objective on PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Robert W. Baird cut their price target on shares of PagerDuty from $22.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Finally, The Goldman Sachs Group lowered their price target on PagerDuty from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th.

Insider Activity at PagerDuty

In other PagerDuty news, CFO Howard Wilson sold 21,066 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $20.02, for a total transaction of $421,741.32. Following the completion of the sale, the chief financial officer now directly owns 545,742 shares of the company’s stock, valued at $10,925,754.84. This represents a 3.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shelley Webb sold 6,246 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $18.12, for a total value of $113,177.52. Following the sale, the insider now owns 216,572 shares of the company’s stock, valued at $3,924,284.64. This trade represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 106,146 shares of company stock valued at $2,110,248 over the last ninety days. Insiders own 7.60% of the company’s stock.

Institutional Investors Weigh In On PagerDuty

Institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP boosted its position in PagerDuty by 1,537.2% during the second quarter. Quarry LP now owns 1,408 shares of the company’s stock worth $32,000 after acquiring an additional 1,322 shares during the last quarter. First Horizon Advisors Inc. increased its position in PagerDuty by 28.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company’s stock worth $53,000 after purchasing an additional 508 shares in the last quarter. Fred Alger Management LLC raised its holdings in PagerDuty by 170.6% in the second quarter. Fred Alger Management LLC now owns 2,503 shares of the company’s stock valued at $57,000 after buying an additional 1,578 shares during the period. Cambridge Trust Co. acquired a new position in PagerDuty during the first quarter valued at approximately $68,000. Finally, Headlands Technologies LLC purchased a new stake in PagerDuty during the second quarter worth approximately $114,000. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

PagerDuty Stock Up 1.2 %

Shares of PD opened at $18.71 on Wednesday. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of -21.02 and a beta of 1.07. PagerDuty has a 52 week low of $16.46 and a 52 week high of $26.70. The stock’s 50-day moving average price is $18.40 and its 200-day moving average price is $19.59. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.38.

PagerDuty (NYSE:PD) last released its quarterly earnings data on Tuesday, September 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. PagerDuty had a negative return on equity of 25.83% and a negative net margin of 18.58%. The business had revenue of $115.94 million for the quarter, compared to analyst estimates of $116.52 million. During the same quarter in the prior year, the firm posted ($0.18) EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, sell-side analysts predict that PagerDuty will post -0.37 EPS for the current year.

PagerDuty Company Profile

PagerDuty, Inc engages in the operation of a digital operations management platform in the United States and internationally. The company’s digital operations management platform collects data and digital signals from virtually any software-enabled system or device and leverage machine learning to correlate, process, and predict opportunities and issues.