PagerDuty (NYSE:PD) Reaches New 12-Month High – What’s Next?

PagerDuty (NYSE:PD)’s stock price hit a new 52-week high on Monday. The stock traded as high as $17.58 and last traded at $17.5250, with a volume of 31,744 shares changing hands. The stock had previously closed at $17.49.

Analysts Set New Price Targets

PD has been the subject of a number of analyst reports. TD Cowen reissued a “buy” rating on shares of PagerDuty in a report on Wednesday, August 26th. UBS Group set a $13.50 price objective on shares of PagerDuty in a report on Wednesday, August 26th. Canaccord Genuity Group boosted their target price on PagerDuty from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Truist Financial raised their price objective on PagerDuty from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Finally, Morgan Stanley raised their target price on shares of PagerDuty from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Friday, August 28th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, PagerDuty presently has an average rating of “Hold” and a consensus target price of $12.56.

PagerDuty Trading Down 0.6%

The stock’s fifty day moving average is $14.78 and its two-hundred day moving average is $10.11.

PagerDuty (NYSE:PD) last issued its earnings results on Thursday, August 27th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The firm had revenue of $124.44 million during the quarter, compared to analyst estimates of $123.27 million. During the same quarter last year, the business posted $0.30 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. Analysts anticipate that PagerDuty will post 0.69 EPS for the current year.

Insider Activity

In related news, insider Jennifer Tejada sold 57,500 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $17.16, for a total value of $986,700.00. Following the transaction, the insider owned 1,434,541 shares in the company, valued at approximately $24,616,723.56. This represents a 3.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 172,500 shares of company stock worth $2,723,470. Company insiders own 6.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP acquired a new position in shares of PagerDuty in the first quarter valued at about $6,074,000. Glenmede Trust Co. NA grew its position in shares of PagerDuty by 35.7% during the 1st quarter. Glenmede Trust Co. NA now owns 937,505 shares of the company’s stock worth $5,822,000 after purchasing an additional 246,482 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of PagerDuty by 44.5% during the first quarter. Bank of New York Mellon Corp now owns 816,688 shares of the company’s stock worth $5,072,000 after purchasing an additional 251,651 shares during the period. Deutsche Bank AG bought a new position in shares of PagerDuty during the second quarter worth approximately $5,642,000. Finally, Pacer Advisors Inc. raised its position in shares of PagerDuty by 73.9% in the first quarter. Pacer Advisors Inc. now owns 569,907 shares of the company’s stock valued at $3,539,000 after buying an additional 242,100 shares in the last quarter. 97.26% of the stock is owned by institutional investors and hedge funds.

PagerDuty Company Profile

PagerDuty, Inc is a technology company that provides digital operations management software for organizations. Its platform helps businesses detect, triage and respond to operational issues affecting applications, infrastructure, services and customer experiences.

The company’s products include incident response, event intelligence, AIOps, process automation and customer service operations capabilities. PagerDuty integrates with monitoring, development, collaboration and information technology tools to help teams centralize alerts, automate workflows, coordinate responses and reduce the impact of service disruptions.

Founded in 2009, PagerDuty is headquartered in San Francisco and serves organizations across multiple industries and geographic markets worldwide.