PagerDuty (NYSE:PD) Trading Down 7.7% – Time to Sell?

Shares of PagerDuty (NYSE:PD) fell 7.7% during trading on Tuesday . The stock traded as low as $6.59 and last traded at $6.5470. 1,016,339 shares traded hands during trading, a decline of 70% from the average session volume of 3,334,385 shares. The stock had previously closed at $7.09.

Analyst Upgrades and Downgrades

PD has been the subject of several research reports. Truist Financial dropped their price objective on shares of PagerDuty from $12.00 to $9.00 and set a “buy” rating for the company in a report on Friday, March 13th. Morgan Stanley set a $9.00 target price on shares of PagerDuty in a report on Thursday, February 19th. Royal Bank Of Canada reduced their price objective on shares of PagerDuty from $9.00 to $8.00 and set a “sector perform” rating on the stock in a research report on Friday, March 13th. Wall Street Zen upgraded PagerDuty from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, TD Cowen cut their target price on PagerDuty from $20.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, PagerDuty currently has an average rating of “Hold” and a consensus price target of $12.40.

PagerDuty Trading Down 8.5%

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 stock’s 50 day moving average is $8.42 and its two-hundred day moving average is $12.49. The company has a market capitalization of $551.09 million, a PE ratio of 3.52, a price-to-earnings-growth ratio of 3.07 and a beta of 0.73.

PagerDuty (NYSE:PD) last announced its quarterly earnings results on Thursday, March 12th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.05. PagerDuty had a net margin of 35.30% and a return on equity of 16.29%. The firm had revenue of $124.79 million during the quarter, compared to analysts’ expectations of $122.96 million. During the same quarter in the prior year, the company earned $0.22 EPS. The company’s revenue 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 EPS for the current fiscal year.

Insider Transactions at PagerDuty

In other PagerDuty news, Director Dan Alexandru Solomon sold 266,667 shares of the stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $13.35, for a total transaction of $3,560,004.45. Following the sale, the director owned 2,389,665 shares of the company’s stock, valued at approximately $31,902,027.75. This trade represents a 10.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.00% of the company’s stock.

Institutional Investors Weigh In On PagerDuty

A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in PagerDuty by 60.8% in the first quarter. Royal Bank of Canada now owns 96,575 shares of the company’s stock valued at $1,764,000 after purchasing an additional 36,517 shares during the last quarter. AQR Capital Management LLC grew its position in shares of PagerDuty by 110.6% in the 1st quarter. AQR Capital Management LLC now owns 147,127 shares of the company’s stock worth $2,679,000 after buying an additional 77,251 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of PagerDuty by 1.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,601 shares of the company’s stock worth $943,000 after buying an additional 671 shares during the last quarter. Millennium Management LLC raised its stake in shares of PagerDuty by 55.4% during the 1st quarter. Millennium Management LLC now owns 1,005,111 shares of the company’s stock worth $18,363,000 after acquiring an additional 358,347 shares in the last quarter. Finally, Woodline Partners LP purchased a new stake in PagerDuty during the first quarter valued at approximately $556,000. 97.26% of the stock is currently owned by hedge funds and other 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.