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

PagerDuty, Inc. (NYSE:PD) has been given a consensus rating of “Hold” by the eleven analysts that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $21.91.

PD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of PagerDuty from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. Robert W. Baird dropped their price objective on PagerDuty from $22.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. Bank of America lowered their target price on PagerDuty from $28.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Royal Bank of Canada dropped their target price on shares of PagerDuty from $27.00 to $22.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. Finally, The Goldman Sachs Group reduced their price target on shares of PagerDuty from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th.

Insider Activity at PagerDuty

In other news, CEO Jennifer Tejada sold 18,750 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $20.09, for a total transaction of $376,687.50. Following the sale, the chief executive officer now owns 1,010,861 shares in the company, valued at $20,308,197.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Jennifer Tejada sold 18,750 shares of PagerDuty stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $20.09, for a total transaction of $376,687.50. Following the completion of the sale, the chief executive officer now directly owns 1,010,861 shares in the company, valued at $20,308,197.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shelley Webb sold 5,732 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $21.98, for a total transaction of $125,989.36. Following the sale, the insider now directly 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 110,244 shares of company stock valued at $2,316,980 in the last ninety days. Corporate insiders own 7.60% of the company’s stock.

Institutional Investors Weigh In On PagerDuty

A number of large investors have recently bought and sold shares of the company. New York State Common Retirement Fund boosted its holdings in PagerDuty by 1.5% in the fourth quarter. New York State Common Retirement Fund now owns 36,356 shares of the company’s stock valued at $842,000 after purchasing an additional 532 shares during the last quarter. Natixis Advisors L.P. boosted its stake in shares of PagerDuty by 13.9% in the fourth quarter. Natixis Advisors L.P. now owns 13,541 shares of the company’s stock worth $313,000 after buying an additional 1,650 shares during the last quarter. M&T Bank Corp boosted its stake in shares of PagerDuty by 64.7% in the fourth quarter. M&T Bank Corp now owns 92,207 shares of the company’s stock worth $2,135,000 after buying an additional 36,220 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in PagerDuty by 12.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 10,354 shares of the company’s stock worth $240,000 after acquiring an additional 1,178 shares during the period. Finally, Private Advisor Group LLC purchased a new position in PagerDuty during the fourth quarter valued at approximately $319,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

PagerDuty Stock Performance

PD opened at $17.40 on Friday. PagerDuty has a one year low of $16.46 and a one year high of $26.70. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.38. The stock’s 50 day moving average price is $19.71 and its 200-day moving average price is $20.88.

PagerDuty (NYSE:PD) last released its earnings results on Tuesday, September 3rd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The business had revenue of $115.94 million for the quarter, compared to analyst estimates of $116.52 million. PagerDuty had a negative return on equity of 25.83% and a negative net margin of 18.58%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.18) earnings per share. On average, sell-side analysts forecast that PagerDuty will post -0.37 earnings per share for the current year.

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.