PagerDuty, Inc. (NYSE:PD) Receives Consensus Rating of “Buy” from Analysts

PagerDuty, Inc. (NYSE:PD – Get Rating) has earned a consensus recommendation of “Buy” from the thirteen brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $53.13.

Several brokerages have commented on PD. Monness Crespi & Hardt raised their target price on shares of PagerDuty from $40.00 to $44.00 in a report on Thursday, March 17th. Morgan Stanley dropped their target price on shares of PagerDuty from $54.00 to $49.00 and set an “equal weight” rating on the stock in a report on Thursday, March 17th. Zacks Investment Research cut shares of PagerDuty from a “hold” rating to a “sell” rating in a research note on Tuesday, March 22nd. Craig Hallum decreased their price target on shares of PagerDuty from $52.00 to $45.00 in a research note on Thursday, March 17th. Finally, Royal Bank of Canada raised their price target on shares of PagerDuty from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, March 17th.

In other PagerDuty news, VP Stacey Giamalis sold 1,900 shares of PagerDuty stock in a transaction on Thursday, February 10th. The shares were sold at an average price of $35.01, for a total transaction of $66,519.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Dave Justice sold 1,737 shares of PagerDuty stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $37.97, for a total transaction of $65,953.89. The disclosure for this sale can be found here. Insiders sold 297,420 shares of company stock valued at $9,743,831 over the last three months. 9.90% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Icapital Wealth LLC bought a new position in PagerDuty during the first quarter worth $28,000. Point72 Hong Kong Ltd bought a new position in PagerDuty during the fourth quarter worth $72,000. Dark Forest Capital Management LP bought a new position in PagerDuty during the third quarter worth $73,000. Penserra Capital Management LLC boosted its position in PagerDuty by 13.6% during the fourth quarter. Penserra Capital Management LLC now owns 2,376 shares of the company’s stock worth $82,000 after purchasing an additional 284 shares during the period. Finally, Concord Wealth Partners boosted its position in PagerDuty by 318.1% during the fourth quarter. Concord Wealth Partners now owns 3,341 shares of the company’s stock worth $116,000 after purchasing an additional 2,542 shares during the period. 90.47% of the stock is owned by hedge funds and other institutional investors.

Shares of PD stock opened at $32.62 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.84 and a current ratio of 2.84. The company has a market capitalization of $2.84 billion, a P/E ratio of -25.69 and a beta of 1.17. The company’s 50 day moving average price is $32.72 and its two-hundred day moving average price is $35.40. PagerDuty has a 52 week low of $24.02 and a 52 week high of $50.33.

PagerDuty (NYSE:PD – Get Rating) last announced its earnings results on Wednesday, March 16th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.14). The company had revenue of $78.51 million for the quarter, compared to analyst estimates of $76.08 million. PagerDuty had a negative return on equity of 38.39% and a negative net margin of 38.19%. The business’s quarterly revenue was up 32.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.27) earnings per share. Analysts forecast that PagerDuty will post -1.18 earnings per share for the current year.

About PagerDuty (Get Rating)

PagerDuty, Inc operates a digital operations management platform in the United States and internationally. Its digital operations management platform collects data digital signals from virtually any software-enabled system or device, and leverage powerful machine learning to correlate, process, and predict opportunities and issues.

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