PagerDuty (NYSE:PD) Lowered to “Hold” Rating by Wall Street Zen

PagerDuty (NYSE:PD) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Monday.

PD has been the topic of a number of other research reports. Royal Bank Of Canada lowered their target price on PagerDuty from $9.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Friday, March 13th. Canaccord Genuity Group cut their price target on PagerDuty from $19.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Morgan Stanley set a $9.00 price target on PagerDuty in a research note on Thursday, February 19th. William Blair restated a “market perform” rating on shares of PagerDuty in a report on Friday, March 13th. Finally, Truist Financial cut their price objective on shares of PagerDuty from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $12.40.

PagerDuty Price Performance

NYSE:PD opened at $6.01 on Monday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 1.56. The business’s 50-day moving average price is $7.99 and its 200 day moving average price is $12.20. PagerDuty has a 52-week low of $5.91 and a 52-week high of $18.97. The firm has a market cap of $510.81 million, a P/E ratio of 3.27, a PEG ratio of 2.67 and a beta of 0.73.

PagerDuty (NYSE:PD) last announced its earnings results on Thursday, March 12th. The company reported $0.29 earnings per share (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 company had revenue of $124.79 million for the quarter, compared to analyst estimates of $122.96 million. During the same period in the previous year, the firm earned $0.22 earnings per share. PagerDuty’s revenue for the quarter was up 2.7% compared to the same quarter last year. 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 predict that PagerDuty will post -0.27 earnings per share for the current fiscal 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 value of $3,560,004.45. Following the transaction, the director directly owned 2,389,665 shares in the company, valued at approximately $31,902,027.75. The trade was a 10.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On PagerDuty

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in PagerDuty by 78.3% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 323,951 shares of the company’s stock worth $5,352,000 after purchasing an additional 142,232 shares in the last quarter. ARK Investment Management LLC increased its stake in shares of 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 buying an additional 224,769 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of 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 buying an additional 1,840,407 shares in the last quarter. Readystate Asset Management LP bought a new position in shares of PagerDuty in the third quarter valued at about $15,946,000. Finally, SG Americas Securities LLC bought a new position in shares of PagerDuty in the third quarter valued at about $4,312,000. 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.