Dan Alexandru Solomon Sells 266,667 Shares of PagerDuty (NYSE:PD) Stock

PagerDuty (NYSE:PD) Director Dan Alexandru Solomon sold 266,667 shares of the company’s stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $13.35, for a total value of $3,560,004.45. Following the completion of the transaction, the director directly owned 2,389,665 shares of the company’s stock, valued at approximately $31,902,027.75. This represents a 10.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

PagerDuty Stock Down 1.9%

PD stock opened at $13.09 on Friday. The stock has a market cap of $1.20 billion, a P/E ratio of 8.18, a P/E/G ratio of 4.19 and a beta of 0.62. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.23. The stock’s fifty day simple moving average is $13.98 and its two-hundred day simple moving average is $15.15. PagerDuty has a 1-year low of $11.13 and a 1-year high of $20.00.

PagerDuty (NYSE:PD) last announced its earnings results on Tuesday, November 25th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.09. The firm had revenue of $124.55 million during the quarter, compared to analyst estimates of $124.92 million. PagerDuty had a return on equity of 10.27% and a net margin of 31.12%.The business’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.26 EPS. PagerDuty has set its FY 2026 guidance at 1.110-1.120 EPS and its Q4 2026 guidance at 0.240-0.250 EPS. Analysts expect that PagerDuty will post -0.27 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Zacks Research raised shares of PagerDuty from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. Cowen reissued a “buy” rating on shares of PagerDuty in a report on Wednesday, November 26th. Bank of America started coverage on PagerDuty in a research report on Tuesday, December 2nd. They issued an “underperform” rating and a $12.00 target price for the company. TD Cowen dropped their price target on PagerDuty from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Finally, Truist Financial cut their price target on PagerDuty from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, PagerDuty has a consensus rating of “Hold” and an average price target of $17.18.

Hedge Funds Weigh In On PagerDuty

Several hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its holdings in PagerDuty by 252.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company’s stock worth $27,000 after purchasing an additional 1,149 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of PagerDuty in the third quarter worth about $59,000. State of Alaska Department of Revenue purchased a new stake in shares of PagerDuty in the third quarter worth about $67,000. State of Tennessee Department of Treasury bought a new position in shares of PagerDuty in the second quarter valued at approximately $160,000. Finally, One68 Global Capital LLC purchased a new position in PagerDuty during the third quarter valued at approximately $165,000. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

About PagerDuty

PagerDuty, Inc engages in the operation of a digital operations management platform in the United States and internationally. The company’s digital operations management platform collects data and digital signals from virtually any software-enabled system or device and leverage machine learning to correlate, process, and predict opportunities and issues. Its platform includes PagerDuty Incident Management that provides a real-time view across the status of a digital service while incorporating noise reduction to remove false positives; AIOps that applies machine learning to correlate and automate the identification of incidents from billions of events; Process Automation offers centralized design time and run time environment for orchestrating automated workflows that span across departments, technologies, and networks; Customer Service Operations, which is offered to orchestrate, automate, and scale responses to customer impacting issues.