PagerDuty (NYSE:PD) Raised to “Buy” at Wall Street Zen

PagerDuty (NYSE:PD) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

A number of other equities research analysts have also recently commented on the stock. Zacks Research raised shares of PagerDuty from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. Morgan Stanley lowered their price target on shares of PagerDuty from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of PagerDuty in a report on Monday, December 29th. Canaccord Genuity Group reissued a “buy” rating and set a $19.00 target price on shares of PagerDuty in a research note on Wednesday, November 26th. Finally, Bank of America assumed coverage on PagerDuty in a research report on Tuesday, December 2nd. They set an “underperform” rating and a $12.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $16.64.

PagerDuty Stock Performance

NYSE PD opened at $11.17 on Friday. The firm has a market capitalization of $1.02 billion, a P/E ratio of 6.98, a PEG ratio of 2.99 and a beta of 0.63. The stock has a 50-day simple moving average of $12.72 and a two-hundred day simple moving average of $14.80. 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 has a fifty-two week low of $10.66 and a fifty-two week high of $20.00.

PagerDuty (NYSE:PD) last issued its earnings results on Tuesday, November 25th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.09. The firm had revenue of $124.55 million for the quarter, compared to the consensus estimate of $124.92 million. PagerDuty had a return on equity of 10.27% and a net margin of 31.12%.The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. On average, equities analysts forecast that PagerDuty will post -0.27 earnings per share for the current year.

Insider Activity

In related news, Director Dan Alexandru Solomon sold 266,667 shares of the business’s stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $13.35, for a total transaction of $3,560,004.45. Following the completion of the sale, the director directly owned 2,389,665 shares in the company, valued at approximately $31,902,027.75. The trade was a 10.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PagerDuty

A number of large investors have recently modified their holdings of PD. EverSource Wealth Advisors LLC lifted its stake in shares of PagerDuty by 252.0% in the third quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company’s stock worth $27,000 after buying 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 valued at approximately $59,000. State of Alaska Department of Revenue acquired a new stake in shares of PagerDuty in the third quarter valued at approximately $67,000. State of Tennessee Department of Treasury purchased a new position in PagerDuty during the second quarter worth approximately $160,000. Finally, One68 Global Capital LLC acquired a new position in PagerDuty during the third quarter worth $165,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

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.