PagerDuty, Inc. (NYSE:PD) Receives $29.86 Consensus PT from Analysts

Shares of PagerDuty, Inc. (NYSE:PD) 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

In other PagerDuty news, SVP Shelley Webb sold 16,723 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $21.71, for a total transaction of $363,056.33. Following the completion of the sale, the senior vice president now directly owns 193,915 shares of the company’s stock, valued at $4,209,894.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 21,616 shares of company stock valued at $471,681. Insiders own 7.90% of the company’s stock.

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) 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.