PagerDuty (NYSE:PD) Hits New 52-Week Low – Time to Sell?

Shares of PagerDuty (NYSE:PD) reached a new 52-week low during trading on Friday . The stock traded as low as $6.04 and last traded at $6.07, with a volume of 94321 shares. The stock had previously closed at $6.31.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Truist Financial decreased their price objective on shares of PagerDuty from $12.00 to $9.00 and set a “buy” rating for the company in a report on Friday, March 13th. Bank of America began coverage on shares of PagerDuty in a research report on Tuesday, December 2nd. They set an “underperform” rating and a $12.00 target price on the stock. Canaccord Genuity Group decreased their price target on shares of PagerDuty from $19.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, March 13th. TD Cowen lowered their price target on PagerDuty from $20.00 to $10.00 and set a “buy” rating for the company in a report on Friday, March 13th. Finally, Morgan Stanley set a $9.00 price objective on PagerDuty in a research note on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.40.

PagerDuty Price Performance

The firm has a market capitalization of $510.81 million, a PE ratio of 3.27, a P/E/G ratio of 2.67 and a beta of 0.73. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a fifty day moving average price of $7.99 and a 200-day moving average price of $12.22.

PagerDuty (NYSE:PD) last issued its quarterly earnings data on Thursday, March 12th. The company reported $0.29 earnings per share 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 analysts’ expectations of $122.96 million. During the same period in the prior year, the business posted $0.22 EPS. The firm’s quarterly revenue 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. Sell-side analysts forecast that PagerDuty will post -0.27 EPS for the current fiscal year.

Insider Activity at PagerDuty

In other PagerDuty news, Director Dan Alexandru Solomon sold 266,667 shares of the stock in a transaction dated 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 completion of the sale, the director directly owned 2,389,665 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Insiders own 8.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in PagerDuty by 3.8% during the fourth 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 during the last quarter. ARK Investment Management LLC boosted its stake in PagerDuty by 2.6% in the third quarter. ARK Investment Management LLC now owns 8,827,404 shares of the company’s stock valued at $145,829,000 after acquiring an additional 224,769 shares in the last quarter. Geode Capital Management LLC grew its holdings in PagerDuty by 2.9% in the fourth 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 during the last quarter. Ameriprise Financial Inc. grew its holdings in PagerDuty by 333.2% in 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. Finally, Loomis Sayles & Co. L P increased its position in shares of PagerDuty by 0.3% during 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 in the last quarter. 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.