Shares of PagerDuty, Inc. (NYSE:PD – Get Free Report) have been given an average rating of “Moderate Buy” by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $29.86.
PD has been the subject of several analyst reports. Craig Hallum cut their price target on shares of PagerDuty from $26.00 to $25.00 and set a “hold” rating for the company in a report on Friday, September 1st. Truist Financial decreased their target price on shares of PagerDuty from $30.00 to $25.00 and set a “hold” rating on the stock in a research report on Friday, September 1st. Robert W. Baird cut shares of PagerDuty from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $32.00 to $25.00 in a research report on Friday, September 1st. Royal Bank of Canada restated an “outperform” rating on shares of PagerDuty in a research report on Monday, October 30th. Finally, Morgan Stanley decreased their price objective on shares of PagerDuty from $35.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 20th.
Insider Buying and Selling at PagerDuty
Hedge Funds Weigh In On PagerDuty
Institutional investors have recently bought and sold shares of the stock. Strs Ohio purchased a new position in PagerDuty during the first quarter valued at $31,000. International Assets Investment Management LLC purchased a new position in shares of PagerDuty in the 3rd quarter worth $35,000. C M Bidwell & Associates Ltd. grew its stake in shares of PagerDuty by 773.4% in the 1st quarter. C M Bidwell & Associates Ltd. now owns 1,118 shares of the company’s stock worth $39,000 after buying an additional 990 shares in the last quarter. Quarry LP grew its stake in shares of PagerDuty by 614.2% in the 2nd quarter. Quarry LP now owns 1,764 shares of the company’s stock worth $40,000 after buying an additional 1,517 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of PagerDuty in the 2nd quarter worth $50,000. 89.94% of the stock is owned by hedge funds and other institutional investors.
PagerDuty Stock Down 2.4 %
PD opened at $21.18 on Friday. The company has a 50 day moving average of $21.76 and a 200 day moving average of $23.83. The company has a market cap of $1.98 billion, a PE ratio of -20.81 and a beta of 0.91. PagerDuty has a 12 month low of $19.18 and a 12 month high of $35.33. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 1.07.
PagerDuty (NYSE:PD – Get Free Report) last released its quarterly earnings data on Thursday, August 31st. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.06. PagerDuty had a negative net margin of 22.93% and a negative return on equity of 27.55%. The company had revenue of $107.62 million during the quarter, compared to the consensus estimate of $104.28 million. On average, sell-side analysts expect that PagerDuty will post -0.56 EPS for the current year.
PagerDuty Company Profile
PagerDuty, Inc engages in the operation of a digital operations management platform in the United States, EMEA, the Asia Pacific, and Japan. The company's digital operations management platform collects data and 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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