PagerDuty, Inc. (NYSE:PD) Receives $21.91 Consensus Target Price from Brokerages

PagerDuty, Inc. (NYSE:PD) has earned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $21.91.

Several analysts have issued reports on PD shares. Bank of America cut their price objective on PagerDuty from $28.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Scotiabank cut their price target on PagerDuty from $23.00 to $18.00 and set a “sector perform” rating for the company in a report on Wednesday, September 4th. TD Cowen reduced their price objective on PagerDuty from $23.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Canaccord Genuity Group decreased their price objective on PagerDuty from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Finally, Craig Hallum decreased their price objective on shares of PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th.

Insider Activity

In other PagerDuty news, CFO Howard Wilson sold 12,108 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $20.49, for a total transaction of $248,092.92. Following the completion of the sale, the chief financial officer now owns 594,202 shares of the company’s stock, valued at approximately $12,175,198.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Jennifer Tejada sold 18,750 shares of PagerDuty stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $20.09, for a total transaction of $376,687.50. Following the transaction, the chief executive officer now owns 1,010,861 shares of the company’s stock, valued at $20,308,197.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Howard Wilson sold 12,108 shares of PagerDuty stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $20.49, for a total transaction of $248,092.92. Following the transaction, the chief financial officer now directly owns 594,202 shares in the company, valued at approximately $12,175,198.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,262 shares of company stock worth $1,532,553. Insiders own 7.60% of the company’s stock.

Institutional Investors Weigh In On PagerDuty

Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC boosted its position in shares of PagerDuty by 339.0% during the 3rd quarter. SG Americas Securities LLC now owns 28,303 shares of the company’s stock valued at $525,000 after acquiring an additional 21,856 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of PagerDuty by 214.5% during the second quarter. Point72 Asset Management L.P. now owns 57,558 shares of the company’s stock worth $1,320,000 after acquiring an additional 39,258 shares in the last quarter. Quarry LP boosted its stake in shares of PagerDuty by 1,537.2% in the 2nd quarter. Quarry LP now owns 1,408 shares of the company’s stock valued at $32,000 after purchasing an additional 1,322 shares in the last quarter. Capital Impact Advisors LLC grew its holdings in shares of PagerDuty by 33.6% during the 2nd quarter. Capital Impact Advisors LLC now owns 33,882 shares of the company’s stock valued at $777,000 after purchasing an additional 8,518 shares during the last quarter. Finally, Clearline Capital LP purchased a new position in PagerDuty in the 2nd quarter worth $1,323,000. Institutional investors own 97.26% of the company’s stock.

PagerDuty Trading Down 1.4 %

NYSE PD opened at $17.80 on Tuesday. The company has a 50-day moving average of $18.69 and a 200-day moving average of $20.19. The company has a market cap of $1.66 billion, a P/E ratio of -17.62 and a beta of 1.06. The company has a debt-to-equity ratio of 2.38, a current ratio of 2.13 and a quick ratio of 2.13. PagerDuty has a 12 month low of $16.46 and a 12 month high of $26.70.

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