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

PagerDuty, Inc. (NYSE:PDGet Rating) has earned an average rating of “Buy” from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $53.13.

A number of brokerages have issued reports on PD. Morgan Stanley decreased their target price on shares of PagerDuty from $54.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 17th. Monness Crespi & Hardt lifted their price objective on shares of PagerDuty from $40.00 to $44.00 in a research note on Thursday, March 17th. Raymond James raised shares of PagerDuty to an “outperform” rating and set a $62.50 price objective on the stock in a research note on Tuesday, January 18th. Zacks Investment Research cut shares of PagerDuty from a “hold” rating to a “sell” rating in a research note on Tuesday, March 22nd. Finally, Craig Hallum decreased their price objective on shares of PagerDuty from $52.00 to $45.00 in a research note on Thursday, March 17th.

PagerDuty stock opened at $23.94 on Tuesday. The stock has a market cap of $2.10 billion, a P/E ratio of -18.85 and a beta of 1.21. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 1.05. PagerDuty has a twelve month low of $23.67 and a twelve month high of $50.33. The company’s 50-day moving average price is $31.53 and its two-hundred day moving average price is $33.95.

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

In other news, CEO Jennifer Tejada sold 68,182 shares of PagerDuty stock in a transaction on Wednesday, February 9th. The shares were sold at an average price of $33.67, for a total transaction of $2,295,687.94. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CRO Dave Justice sold 1,737 shares of the business’s stock in a transaction on Thursday, March 31st. The shares were sold at an average price of $34.97, for a total transaction of $60,742.89. Following the completion of the transaction, the executive now owns 298,427 shares in the company, valued at approximately $10,435,992.19. The disclosure for this sale can be found here. In the last quarter, insiders have sold 297,420 shares of company stock worth $9,743,831. 8.70% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in PD. Icapital Wealth LLC acquired a new position in PagerDuty in the first quarter valued at $28,000. Lindbrook Capital LLC increased its stake in PagerDuty by 65.4% in the first quarter. Lindbrook Capital LLC now owns 1,409 shares of the company’s stock valued at $48,000 after purchasing an additional 557 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in PagerDuty in the fourth quarter valued at $72,000. Dark Forest Capital Management LP bought a new stake in PagerDuty in the third quarter valued at $73,000. Finally, Penserra Capital Management LLC increased its stake in PagerDuty by 13.6% in the fourth quarter. Penserra Capital Management LLC now owns 2,376 shares of the company’s stock valued at $82,000 after purchasing an additional 284 shares in the last quarter. Institutional investors and hedge funds own 89.33% of the company’s stock.

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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