PagerDuty (PD) – What Are Investment Firms Thinking About This Stock?

Shares of PagerDuty (NYSE:PD) have been given a consensus recommendation of “Hold” by the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $12.81.

Several brokerages recently issued reports on PD. Royal Bank Of Canada boosted their price objective on PagerDuty from $12.00 to $14.00 and gave the company a “sector perform” rating in a research report on Monday, November 9th. 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. TD Cowen restated a “buy” rating on shares of PagerDuty in a report on Wednesday, August 26th. Weiss Ratings raised shares of PagerDuty from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 18th. Finally, Canaccord Genuity Group upped their price target on shares of PagerDuty from $10.00 to $15.00 and gave the company a “buy” rating in a report on Friday, August 28th.

PagerDuty Trading Up 1.4%

Shares of PagerDuty stock traded up $0.21 during trading hours on Friday, hitting $15.94. The company’s stock had a trading volume of 971,337 shares, compared to its average volume of 1,359,026. PagerDuty has a 12 month low of $5.70 and a 12 month high of $18.06. The stock has a 50 day moving average of $15.69 and a 200 day moving average of $10.42. The company has a market capitalization of $1.25 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 2.43 and a beta of 0.96. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.02 and a quick ratio of 2.02.

PagerDuty (NYSE:PD) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $124.44 million for the quarter, compared to analyst estimates of $123.27 million. PagerDuty had a return on equity of 18.52% and a net margin of 37.50%. PagerDuty’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share. 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 predict that PagerDuty will post 0.69 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Jennifer Tejada sold 107,000 shares of the company’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $15.11, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 178,445 shares of company stock valued at $2,830,480. 6.00% of the stock is currently owned by corporate insiders.

Institutional Trading of PagerDuty

A number of institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. boosted its stake in shares of PagerDuty by 73.9% during the 1st quarter. Pacer Advisors Inc. now owns 569,907 shares of the company’s stock worth $3,539,000 after buying an additional 242,100 shares during the last quarter. Hsbc Holdings PLC bought a new position in shares of PagerDuty in the 1st quarter valued at about $789,000. Deutsche Bank AG bought a new position in shares of PagerDuty in the 2nd quarter valued at about $5,642,000. KBC Group NV increased its position in shares of PagerDuty by 5,537.9% in the first quarter. KBC Group NV now owns 248,181 shares of the company’s stock valued at $1,541,000 after acquiring an additional 243,779 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of PagerDuty in the third quarter valued at about $1,540,000. 97.26% of the stock is currently owned by institutional investors.

About PagerDuty

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.