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

Shares of PagerDuty, Inc. (NYSE:PDGet Rating) have been assigned a consensus rating of “Buy” from the thirteen analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $53.13.

Several equities analysts recently weighed in on the stock. Royal Bank of Canada increased their price target on shares of PagerDuty from $45.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, March 17th. Monness Crespi & Hardt increased their price target on shares of PagerDuty from $40.00 to $44.00 in a report 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. Morgan Stanley dropped their price objective on shares of PagerDuty from $54.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 17th. Finally, Craig Hallum dropped their price objective on shares of PagerDuty from $52.00 to $45.00 in a research note on Thursday, March 17th.

In other PagerDuty news, VP Stacey Giamalis sold 1,900 shares of the firm’s stock in a transaction on Thursday, February 10th. The stock was sold at an average price of $35.01, for a total value of $66,519.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer Tejada sold 68,182 shares of the firm’s stock in a transaction on Wednesday, March 9th. The shares were sold at an average price of $30.27, for a total value of $2,063,869.14. The disclosure for this sale can be found here. Insiders have sold a total of 297,420 shares of company stock worth $9,743,831 in the last quarter. Insiders own 8.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP purchased a new position in shares of PagerDuty during the 3rd quarter worth $210,000. Marshall Wace LLP purchased a new position in shares of PagerDuty during the 3rd quarter worth $20,378,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of PagerDuty during the 3rd quarter worth $559,000. UBS Asset Management Americas Inc. raised its holdings in shares of PagerDuty by 5.0% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 84,256 shares of the company’s stock worth $3,490,000 after acquiring an additional 4,042 shares during the period. Finally, Pearl River Capital LLC raised its holdings in shares of PagerDuty by 61.4% during the 3rd quarter. Pearl River Capital LLC now owns 34,094 shares of the company’s stock worth $1,412,000 after acquiring an additional 12,976 shares during the period. Institutional investors own 89.33% of the company’s stock.

Shares of NYSE:PD opened at $23.94 on Tuesday. PagerDuty has a twelve month low of $23.67 and a twelve month high of $50.33. The company’s 50 day moving average is $31.53 and its 200 day moving average is $33.95. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 1.05. The company has a market cap of $2.10 billion, a PE ratio of -18.85 and a beta of 1.21.

PagerDuty (NYSE:PDGet Rating) last issued its quarterly earnings results on Wednesday, March 16th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $76.08 million. During the same quarter last year, the company posted ($0.27) EPS. PagerDuty’s quarterly revenue was up 32.4% compared to the same quarter last year. Equities research analysts predict that PagerDuty will post -1.18 earnings per share for the current fiscal year.

PagerDuty Company Profile (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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