PagerDuty (NYSE:PD) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

PagerDuty (NYSE:PD) passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $15.58 and traded as low as $15.13. PagerDuty shares last traded at $15.5650, with a volume of 887,696 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on PD shares. Morgan Stanley upped their target price on PagerDuty from $9.00 to $10.00 and gave the stock an “underweight” rating in a research note on Friday, August 28th. Canaccord Genuity Group lifted their price target on shares of PagerDuty from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. UBS Group set a $13.50 price target on shares of PagerDuty in a research note on Wednesday, August 26th. Truist Financial boosted their price objective on shares of PagerDuty from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Finally, Royal Bank Of Canada upped their price objective on shares of PagerDuty from $12.00 to $14.00 and gave the company a “sector perform” rating in a research note on Monday. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, PagerDuty currently has a consensus rating of “Hold” and an average target price of $12.81.

PagerDuty Trading Down 0.6%

The company has a debt-to-equity ratio of 1.71, a current ratio of 2.02 and a quick ratio of 2.02. The firm’s 50 day moving average is $15.58 and its 200 day moving average is $10.35. The company has a market capitalization of $1.22 billion, a PE ratio of 7.78, a P/E/G ratio of 2.42 and a beta of 0.96.

PagerDuty (NYSE:PD) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $124.44 million during the quarter, compared to analysts’ expectations of $123.27 million. PagerDuty had a net margin of 37.50% and a return on equity of 18.52%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.30 EPS. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. As a group, equities analysts predict that PagerDuty will post 0.69 EPS for the current year.

Insider Activity at PagerDuty

In other news, insider Jennifer Tejada sold 107,000 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $15.11, for a total transaction of $1,616,770.00. Following the completion of the transaction, the insider directly owned 1,563,251 shares of the company’s stock, valued at approximately $23,620,722.61. This represents a 6.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 178,445 shares of company stock worth $2,830,480 over the last ninety days. Corporate insiders own 6.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PD. Ieq Capital LLC grew its position in shares of PagerDuty by 4.1% in the 3rd quarter. Ieq Capital LLC now owns 422,613 shares of the company’s stock worth $6,381,000 after buying an additional 16,614 shares during the last quarter. Focus Advisor Solutions LLC increased its stake in shares of PagerDuty by 76.1% during the third quarter. Focus Advisor Solutions LLC now owns 31,078 shares of the company’s stock valued at $469,000 after buying an additional 13,426 shares during the period. Global Retirement Partners LLC increased its stake in shares of PagerDuty by 629.8% during the third quarter. Global Retirement Partners LLC now owns 2,255 shares of the company’s stock valued at $34,000 after buying an additional 1,946 shares during the period. Virtus Advisers LLC raised its holdings in shares of PagerDuty by 142.4% during the third quarter. Virtus Advisers LLC now owns 96,008 shares of the company’s stock valued at $1,450,000 after acquiring an additional 56,402 shares in the last quarter. Finally, Fulcrum Asset Management LLP raised its holdings in shares of PagerDuty by 82.4% during the third quarter. Fulcrum Asset Management LLP now owns 26,382 shares of the company’s stock valued at $394,000 after acquiring an additional 11,920 shares in the last quarter. Hedge funds and other institutional investors own 97.26% of the company’s stock.

PagerDuty Company Profile

PagerDuty, Inc. provides cloud-based software for managing digital operations. Its PagerDuty Operations Cloud platform helps organizations detect and respond to technology incidents, coordinate response teams, automate operational workflows and reduce disruptions to digital services. The company’s products support incident management, AIOps, automation and customer service operations. They are used by IT, engineering, security and support teams to monitor systems, prioritize alerts and coordinate work across people and technology.