PagerDuty, Inc. (NYSE:PD) Given Average Rating of “Hold” by Analysts

Shares of PagerDuty, Inc. (NYSE:PD) have earned an average rating of “Hold” from the eleven analysts that are covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $26.64.

Several brokerages have recently issued reports on PD. Canaccord Genuity Group reduced their price objective on PagerDuty from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Craig Hallum upgraded PagerDuty from a “hold” rating to a “buy” rating and increased their target price for the stock from $21.00 to $30.00 in a research report on Wednesday, June 12th. The Goldman Sachs Group initiated coverage on PagerDuty in a research report on Thursday, July 18th. They set a “neutral” rating and a $24.00 target price on the stock. Scotiabank initiated coverage on PagerDuty in a research report on Friday, June 28th. They set a “sector perform” rating and a $23.00 target price on the stock. Finally, JPMorgan Chase & Co. initiated coverage on PagerDuty in a research report on Thursday, June 27th. They set a “neutral” rating and a $24.00 target price on the stock.

Insider Transactions at PagerDuty

In other news, insider Shelley Webb sold 5,732 shares of the firm’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $21.98, for a total value of $125,989.36. Following the transaction, the insider now directly owns 235,657 shares in the company, valued at approximately $5,179,740.86. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Jennifer Tejada sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $22.00, for a total transaction of $44,000.00. Following the sale, the chief executive officer now directly owns 1,015,637 shares in the company, valued at approximately $22,344,014. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Shelley Webb sold 5,732 shares of the firm’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $21.98, for a total value of $125,989.36. Following the sale, the insider now owns 235,657 shares in the company, valued at $5,179,740.86. The disclosure for this sale can be found here. Insiders have sold a total of 76,982 shares of company stock worth $1,621,029 in the last three months. 7.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PagerDuty

Several hedge funds have recently modified their holdings of PD. Goldman Sachs Group Inc. raised its holdings in shares of PagerDuty by 65.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,285,588 shares of the company’s stock valued at $52,911,000 after buying an additional 904,136 shares during the period. ARK Investment Management LLC raised its holdings in shares of PagerDuty by 8.1% during the 4th quarter. ARK Investment Management LLC now owns 11,413,423 shares of the company’s stock valued at $264,221,000 after buying an additional 858,838 shares during the period. Massachusetts Financial Services Co. MA grew its stake in PagerDuty by 50.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,160,281 shares of the company’s stock valued at $50,011,000 after purchasing an additional 728,152 shares in the last quarter. Norges Bank acquired a new stake in PagerDuty during the 4th quarter valued at approximately $15,912,000. Finally, Vanguard Group Inc. grew its stake in PagerDuty by 5.8% during the 3rd quarter. Vanguard Group Inc. now owns 9,802,821 shares of the company’s stock valued at $220,465,000 after purchasing an additional 536,763 shares in the last quarter. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

PagerDuty Stock Up 3.0 %

Shares of NYSE:PD opened at $20.84 on Thursday. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 2.58. PagerDuty has a 52-week low of $17.92 and a 52-week high of $26.70. The stock’s fifty day simple moving average is $20.80 and its 200-day simple moving average is $22.19. The company has a market capitalization of $1.99 billion, a P/E ratio of -20.63 and a beta of 1.07.

PagerDuty (NYSE:PD) last issued its quarterly earnings data on Thursday, May 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). PagerDuty had a negative return on equity of 28.38% and a negative net margin of 21.34%. The business had revenue of $111.17 million for the quarter, compared to the consensus estimate of $111.74 million. As a group, equities research analysts forecast that PagerDuty will post -0.44 earnings per share for the current fiscal year.

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.