PagerDuty (NYSE:PD) Receives Consensus Rating of “Hold” from Analysts

PagerDuty (NYSE:PD) has received an average recommendation of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $16.00.

Several equities analysts have commented on the stock. TD Cowen reissued a “buy” rating on shares of PagerDuty in a report on Wednesday, November 26th. Wall Street Zen raised shares of PagerDuty from a “hold” rating to a “buy” rating in a report on Sunday, January 25th. Weiss Ratings reissued a “sell (d+)” rating on shares of PagerDuty in a research note on Monday, December 29th. Zacks Research downgraded shares of PagerDuty from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Bank of America assumed coverage on PagerDuty in a research note on Tuesday, December 2nd. They set an “underperform” rating and a $12.00 target price for the company.

PagerDuty Stock Down 1.1%

PD stock opened at $7.90 on Tuesday. The company has a market cap of $724.60 million, a PE ratio of 4.93, a price-to-earnings-growth ratio of 2.00 and a beta of 0.73. The business has a 50-day simple moving average of $9.53 and a 200 day simple moving average of $13.15. PagerDuty has a 52 week low of $6.18 and a 52 week high of $19.70. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.23.

Insider Activity at PagerDuty

In other news, Director Dan Alexandru Solomon sold 266,667 shares of the business’s stock in a transaction 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 transaction, the director owned 2,389,665 shares of the company’s stock, valued at approximately $31,902,027.75. The trade was a 10.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PD. EverSource Wealth Advisors LLC raised its stake in 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 acquiring an additional 1,149 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of PagerDuty in the 3rd quarter valued at approximately $59,000. State of Alaska Department of Revenue bought a new stake in shares of PagerDuty during the 3rd quarter valued at approximately $67,000. KBC Group NV grew its holdings in shares of PagerDuty by 89.5% during the 4th quarter. KBC Group NV now owns 4,402 shares of the company’s stock valued at $58,000 after purchasing an additional 2,079 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in PagerDuty during the 4th quarter worth approximately $68,000. Institutional investors 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.