PagerDuty (NYSE:PD) Upgraded to Buy at Wall Street Zen

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

Several other brokerages have also recently weighed in on PD. Truist Financial decreased their price target on PagerDuty from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Craig Hallum lowered shares of PagerDuty from a “buy” rating to a “hold” rating and cut their price objective for the company from $20.00 to $15.00 in a research report on Wednesday, November 26th. Zacks Research cut shares of PagerDuty from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Royal Bank Of Canada decreased their target price on shares of PagerDuty from $9.00 to $8.00 and set a “sector perform” rating on the stock in a report on Friday, March 13th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of PagerDuty in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.40.

PagerDuty Trading Up 0.2%

Shares of PD stock opened at $6.92 on Friday. The stock has a market capitalization of $587.64 million, a price-to-earnings ratio of 3.76, a PEG ratio of 3.55 and a beta of 0.73. The company’s fifty day simple moving average is $8.53 and its two-hundred day simple moving average is $12.57. PagerDuty has a 1 year low of $6.15 and a 1 year high of $19.70. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.01 and a quick ratio of 2.01.

PagerDuty (NYSE:PD) last posted its quarterly earnings results on Thursday, March 12th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. PagerDuty had a return on equity of 16.29% and a net margin of 35.30%.The firm had revenue of $124.79 million during the quarter, compared to analyst estimates of $122.96 million. During the same period last year, the company earned $0.22 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. 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, analysts anticipate that PagerDuty will post -0.27 earnings per share for the current year.

Insider Activity

In other news, Director Dan Alexandru Solomon sold 266,667 shares of PagerDuty stock in a transaction dated 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 owned 2,389,665 shares in the company, valued at approximately $31,902,027.75. This trade represents a 10.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 8.00% of the company’s stock.

Institutional Investors Weigh In On PagerDuty

Several hedge funds have recently bought and sold shares of PD. Vanguard Group Inc. increased its stake in PagerDuty by 17.1% in the third quarter. Vanguard Group Inc. now owns 12,593,954 shares of the company’s stock valued at $208,052,000 after acquiring an additional 1,840,407 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in PagerDuty by 333.2% during the third 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 during the last quarter. Readystate Asset Management LP purchased a new position in shares of PagerDuty in the 3rd quarter worth about $15,946,000. Alyeska Investment Group L.P. purchased a new position in shares of PagerDuty in the 3rd quarter worth about $13,710,000. Finally, Danske Bank A S bought a new position in shares of PagerDuty during the 3rd quarter valued at about $13,271,000. 97.26% of the stock is currently owned by institutional investors.

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.