PagerDuty (NYSE:PD) Rating Lowered to “Hold” at Zacks Research

PagerDuty (NYSE:PD) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities research analysts have also recently commented on PD. Royal Bank Of Canada cut PagerDuty from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $17.00 to $15.00 in a research note on Monday, January 5th. Truist Financial reduced their price objective on PagerDuty from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, January 7th. Canaccord Genuity Group reiterated a “buy” rating and set a $19.00 price target on shares of PagerDuty in a research note on Wednesday, November 26th. TD Cowen reissued a “buy” rating on shares of PagerDuty in a research report on Wednesday, November 26th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of PagerDuty in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, PagerDuty has a consensus rating of “Hold” and a consensus price target of $16.64.

PagerDuty Trading Down 0.4%

Shares of PD stock opened at $10.93 on Monday. The stock’s fifty day moving average price is $12.57 and its two-hundred day moving average price is $14.73. The company has a market cap of $1.00 billion, a PE ratio of 6.88, a P/E/G ratio of 3.02 and a beta of 0.63. PagerDuty has a fifty-two week low of $10.66 and a fifty-two week high of $19.75. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.37 and a current ratio of 2.37.

PagerDuty (NYSE:PD) last announced its quarterly earnings results on Tuesday, November 25th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.09. PagerDuty had a net margin of 31.12% and a return on equity of 10.27%. The company had revenue of $124.55 million during the quarter, compared to the consensus estimate of $124.92 million. During the same period in the prior year, the business earned $0.26 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. PagerDuty has set its FY 2026 guidance at 1.110-1.120 EPS and its Q4 2026 guidance at 0.240-0.250 EPS. Equities analysts predict that PagerDuty will post -0.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other PagerDuty news, Director Dan Alexandru Solomon sold 266,667 shares of the stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $13.35, for a total transaction of $3,560,004.45. Following the transaction, the director directly owned 2,389,665 shares in the company, valued at $31,902,027.75. This trade represents a 10.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.00% of the stock is owned by insiders.

Institutional Trading of PagerDuty

Several large investors have recently bought and sold shares of PD. EverSource Wealth Advisors LLC increased its position in shares of PagerDuty by 252.0% during the third quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company’s stock valued at $27,000 after acquiring an additional 1,149 shares in the last quarter. KBC Group NV boosted its holdings in PagerDuty by 89.5% in the fourth quarter. KBC Group NV now owns 4,402 shares of the company’s stock worth $58,000 after purchasing an additional 2,079 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in PagerDuty during the 3rd quarter valued at $59,000. State of Alaska Department of Revenue purchased a new position in shares of PagerDuty in the 3rd quarter worth $67,000. Finally, State of Tennessee Department of Treasury purchased a new position in PagerDuty in the second quarter worth about $160,000. 97.26% of the stock is owned by institutional investors.

About PagerDuty

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. Its platform includes PagerDuty Incident Management that provides a real-time view across the status of a digital service while incorporating noise reduction to remove false positives; AIOps that applies machine learning to correlate and automate the identification of incidents from billions of events; Process Automation offers centralized design time and run time environment for orchestrating automated workflows that span across departments, technologies, and networks; Customer Service Operations, which is offered to orchestrate, automate, and scale responses to customer impacting issues.