PagerDuty (NYSE:PD) Stock Price Down 5.2% – Here’s What Happened

PagerDuty (NYSE:PD)’s stock price fell 5.2% on Friday . The company traded as low as $12.46 and last traded at $12.4340. 264,032 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 1,576,490 shares. The stock had previously closed at $13.11.

Analyst Ratings Changes

Several equities research analysts have commented on PD shares. Morgan Stanley lowered their target price on shares of PagerDuty from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 26th. Cowen reissued a “buy” rating on shares of PagerDuty in a research report on Wednesday, November 26th. Craig Hallum cut shares of PagerDuty from a “buy” rating to a “hold” rating and lowered their price objective for the company from $20.00 to $15.00 in a research report on Wednesday, November 26th. Royal Bank Of Canada dropped their price objective on PagerDuty from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of PagerDuty in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $17.18.

PagerDuty Stock Down 5.5%

The firm’s 50-day moving average is $13.90 and its 200 day moving average is $15.14. The firm has a market capitalization of $1.14 billion, a P/E ratio of 7.74, a PEG ratio of 3.96 and a beta of 0.63. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.37 and a current ratio of 2.37.

PagerDuty (NYSE:PD) last issued its quarterly earnings results on Tuesday, November 25th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.09. The company had revenue of $124.55 million for 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 company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 earnings per share. PagerDuty has set its FY 2026 guidance at 1.110-1.120 EPS and its Q4 2026 guidance at 0.240-0.250 EPS. As a group, equities research analysts predict that PagerDuty will post -0.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Dan Alexandru Solomon sold 266,667 shares of the firm’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 transaction 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 $31,902,027.75. This trade represents a 10.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in PagerDuty by 5.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 196,010 shares of the company’s stock worth $3,238,000 after buying an additional 10,888 shares in the last quarter. Danske Bank A S acquired a new stake in shares of PagerDuty in the third quarter valued at about $13,271,000. Alyeska Investment Group L.P. bought a new stake in PagerDuty during the third quarter worth about $13,710,000. Westerly Capital Management LLC bought a new stake in PagerDuty during the third quarter worth about $330,000. Finally, Verition Fund Management LLC boosted its position in PagerDuty by 681.7% during the third quarter. Verition Fund Management LLC now owns 356,372 shares of the company’s stock valued at $5,887,000 after purchasing an additional 310,783 shares during the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.

PagerDuty Company Profile

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.