PagerDuty (NYSE:PD) Cut to Hold at Zacks Research

Zacks Research lowered shares of PagerDuty (NYSE:PD) from a strong-buy rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts also recently commented on the company. Wall Street Zen upgraded PagerDuty from a “hold” rating to a “buy” rating in a report on Sunday. Royal Bank Of Canada downgraded shares of PagerDuty from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $17.00 to $15.00 in a research report on Monday, January 5th. Morgan Stanley reduced their target price on shares of PagerDuty from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 26th. TD Cowen restated a “buy” rating on shares of PagerDuty in a research note on Wednesday, November 26th. Finally, Truist Financial lowered their price target on shares of PagerDuty from $20.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, January 7th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $16.64.

PagerDuty Stock Performance

PagerDuty stock opened at $10.79 on Monday. The company has a market cap of $989.85 million, a price-to-earnings ratio of 6.74, a price-to-earnings-growth ratio of 2.93 and a beta of 0.63. PagerDuty has a 12 month low of $10.66 and a 12 month high of $19.75. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.37 and a quick ratio of 2.37. The stock’s 50-day moving average is $12.48 and its 200-day moving average is $14.70.

PagerDuty (NYSE:PD) last posted its earnings results on Tuesday, November 25th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.09. PagerDuty had a net margin of 31.12% and a return on equity of 10.27%. The firm had revenue of $124.55 million during the quarter, compared to the consensus estimate of $124.92 million. During the same quarter in the prior year, the company earned $0.26 EPS. The company’s revenue was up 4.7% on a year-over-year basis. PagerDuty has set its FY 2026 guidance at 1.110-1.120 EPS and its Q4 2026 guidance at 0.240-0.250 EPS. Equities analysts anticipate 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 company’s stock in a transaction 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 sale, the director directly owned 2,389,665 shares of the company’s stock, valued at $31,902,027.75. This represents a 10.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 8.00% of the company’s stock.

Institutional Investors Weigh In On PagerDuty

Several hedge funds and other institutional investors have recently modified their holdings of PD. EverSource Wealth Advisors LLC lifted its position in shares of PagerDuty by 252.0% during the third 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 during the last quarter. KBC Group NV raised its stake in PagerDuty by 89.5% during the fourth quarter. KBC Group NV now owns 4,402 shares of the company’s stock valued at $58,000 after buying an additional 2,079 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in PagerDuty during the 3rd quarter worth approximately $59,000. State of Alaska Department of Revenue acquired a new position in shares of PagerDuty in the 3rd quarter worth approximately $67,000. Finally, State of Tennessee Department of Treasury acquired a new position in shares of PagerDuty in the 2nd quarter worth approximately $160,000. 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.