Truist Financial Lowers PagerDuty (NYSE:PD) Price Target to $9.00

PagerDuty (NYSE:PD) had its price objective decreased by equities researchers at Truist Financial from $12.00 to $9.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective indicates a potential upside of 27.68% from the company’s current price.

Several other research firms have also issued reports on PD. Weiss Ratings reiterated a “sell (d+)” rating on shares of PagerDuty in a report on Monday, December 29th. Morgan Stanley set a $9.00 price target on PagerDuty in a research note on Thursday, February 19th. Craig Hallum lowered PagerDuty from a “buy” rating to a “hold” rating and reduced their price objective for the company from $20.00 to $15.00 in a research report on Wednesday, November 26th. Bank of America began coverage on PagerDuty in a research note on Tuesday, December 2nd. They set an “underperform” rating and a $12.00 price objective for the company. Finally, Wall Street Zen raised PagerDuty from a “hold” rating to a “buy” rating in a report on Sunday, January 25th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $12.40.

PagerDuty Stock Down 3.0%

Shares of PagerDuty stock opened at $7.05 on Friday. 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 company has a 50-day moving average of $9.08 and a 200 day moving average of $12.92. The firm has a market cap of $646.94 million, a price-to-earnings ratio of 3.83, a PEG ratio of 1.77 and a beta of 0.73. PagerDuty has a 1 year low of $6.15 and a 1 year high of $19.70.

PagerDuty (NYSE:PD) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.24 by $0.05. The business had revenue of $124.79 million for the quarter, compared to analyst estimates of $122.96 million. PagerDuty had a net margin of 35.30% and a return on equity of 17.01%. PagerDuty’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share. PagerDuty has set its Q1 2027 guidance at 0.230-0.250 EPS and its FY 2027 guidance at 1.230-1.280 EPS. As a group, sell-side analysts anticipate that PagerDuty will post -0.27 earnings per share for the current fiscal year.

Insider Activity at PagerDuty

In other news, Director Dan Alexandru Solomon sold 266,667 shares of the 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 sale, the director owned 2,389,665 shares in the company, valued at $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 SEC, which is available through the SEC website. 8.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PagerDuty

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in PagerDuty by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 13,066,929 shares of the company’s stock valued at $171,307,000 after acquiring an additional 472,975 shares in the last quarter. ARK Investment Management LLC increased its holdings in shares of PagerDuty by 2.6% in the 3rd quarter. ARK Investment Management LLC now owns 8,827,404 shares of the company’s stock worth $145,829,000 after purchasing an additional 224,769 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of PagerDuty by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 2,113,117 shares of the company’s stock worth $27,708,000 after purchasing an additional 58,881 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of PagerDuty by 333.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company’s stock worth $23,961,000 after purchasing an additional 1,115,577 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its stake in shares of PagerDuty by 0.3% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,092,963 shares of the company’s stock worth $14,329,000 after purchasing an additional 3,276 shares during the last quarter. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

More PagerDuty News

Here are the key news stories impacting PagerDuty this week:

• Positive Sentiment: Q4 EPS beat and margin progress — PagerDuty reported EPS above consensus and highlighted improved profitability and a full-year EPS guide that tops street estimates, supporting the company’s path to sustained GAAP profitability. PagerDuty Announces Fourth-Quarter and Full-Year Fiscal 2026 Financial Results
• Positive Sentiment: AI/product push — PagerDuty announced expansions to its AI ecosystem and a Spring 2026 platform release, which could drive product-led growth and higher enterprise stickiness if adoption accelerates. PagerDuty Expands AI Ecosystem
• Neutral Sentiment: Analyst support remains mixed — some shops (e.g., TD Cowen, Truist, Canaccord) have kept buy/positive stances even after lowering targets, indicating belief in longer-term upside despite near-term headwinds. TD Cowen/TipRanks Coverage
• Negative Sentiment: Revenue guidance and churn concerns — management guided Q1 and FY revenue below consensus ranges and discussed churn/usage headwinds, which directly hit growth expectations and investor confidence. PagerDuty’s Q4 Sales Beat But Stock Drops
• Negative Sentiment: Multiple price-target cuts and a downgrade — several firms trimmed targets (RBC to $8, TD Cowen to $10, Canaccord/Truist to $9) and William Blair downgraded the name after the quarter, amplifying selling pressure. William Blair Downgrade (Seeking Alpha) TD Cowen PT Cut (StreetInsider) RBC PT Cut (TickerReport)
• Negative Sentiment: Market reaction — shares fell sharply after the print as investors punished the revenue guide and margin/cash-flow signs, reinforcing near-term downside risk. Stock Tumbles on Weak Outlook (Investing.com)

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.