Canaccord Genuity Group Has Lowered Expectations for PagerDuty (NYSE:PD) Stock Price

PagerDuty (NYSE:PD) had its target price decreased by equities research analysts at Canaccord Genuity Group from $19.00 to $9.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 27.68% from the company’s previous close.

PD has been the topic of several other reports. Wall Street Zen upgraded PagerDuty from a “hold” rating to a “buy” rating in a report on Sunday, January 25th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of PagerDuty in a report on Monday, December 29th. Truist Financial lowered their price objective on PagerDuty from $12.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday. Royal Bank Of Canada cut their target price on PagerDuty from $9.00 to $8.00 and set a “sector perform” rating for the company in a research note on Friday. Finally, Craig Hallum cut shares of PagerDuty from a “buy” rating to a “hold” rating and lowered their price target for the company from $20.00 to $15.00 in a research report on Wednesday, November 26th. Three 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.40.

PagerDuty Stock Down 3.0%

PD stock opened at $7.05 on Friday. PagerDuty has a 52 week low of $6.15 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. The firm has a 50-day simple moving average of $9.08 and a 200-day simple moving average of $12.92. The stock has a market capitalization of $646.94 million, a P/E ratio of 3.83, a P/E/G ratio of 1.77 and a beta of 0.73.

PagerDuty (NYSE:PD) last issued its earnings results on Thursday, March 12th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. The business had revenue of $124.79 million during the quarter, compared to analysts’ expectations of $122.96 million. PagerDuty had a net margin of 35.30% and a return on equity of 17.01%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $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. Equities analysts forecast that PagerDuty will post -0.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PagerDuty news, Director Dan Alexandru Solomon sold 266,667 shares of the business’s stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $13.35, for a total value of $3,560,004.45. Following the sale, the director owned 2,389,665 shares of the company’s stock, valued at $31,902,027.75. The trade was a 10.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.00% of the company’s stock.

Institutional Investors Weigh In On PagerDuty

Institutional investors have recently modified their holdings of the company. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of PagerDuty by 78.3% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 323,951 shares of the company’s stock valued at $5,352,000 after purchasing an additional 142,232 shares during the period. ARK Investment Management LLC boosted its position in PagerDuty by 2.6% in the 3rd quarter. ARK Investment Management LLC now owns 8,827,404 shares of the company’s stock valued at $145,829,000 after buying an additional 224,769 shares during the period. Vanguard Group Inc. increased its position in shares of PagerDuty by 17.1% during the third quarter. Vanguard Group Inc. now owns 12,593,954 shares of the company’s stock worth $208,052,000 after acquiring an additional 1,840,407 shares during the period. SG Americas Securities LLC acquired a new stake in shares of PagerDuty in the third quarter valued at $4,312,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in PagerDuty in the second quarter valued at $320,000. 97.26% of the stock is owned by institutional investors and hedge funds.

PagerDuty News Roundup

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)

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.