PagerDuty, Inc. (NYSE:PD) Receives Average Recommendation of “Moderate Buy” from Brokerages

PagerDuty, Inc. (NYSE:PD) has earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $27.25.

A number of equities analysts recently commented on PD shares. Canaccord Genuity Group decreased their price objective on shares of PagerDuty from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, March 18th. Truist Financial upgraded PagerDuty from a “hold” rating to a “buy” rating and lifted their price target for the company from $25.00 to $30.00 in a report on Monday, March 18th. Morgan Stanley reissued an “equal weight” rating and issued a $30.00 price objective on shares of PagerDuty in a research note on Wednesday, January 24th. Finally, Robert W. Baird lowered their target price on PagerDuty from $25.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, March 15th.

PagerDuty Price Performance

Shares of NYSE:PD opened at $20.39 on Friday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 2.50 and a current ratio of 2.50. The company has a market capitalization of $1.89 billion, a PE ratio of -23.17 and a beta of 0.93. The stock has a fifty day moving average of $22.24 and a 200-day moving average of $22.58. PagerDuty has a one year low of $19.18 and a one year high of $29.97.

PagerDuty (NYSE:PD) last released its quarterly earnings results on Thursday, March 14th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06). The company had revenue of $111.12 million during the quarter, compared to analyst estimates of $110.50 million. PagerDuty had a negative net margin of 18.98% and a negative return on equity of 24.65%. As a group, equities analysts anticipate that PagerDuty will post -0.44 EPS for the current fiscal year.

Insider Transactions at PagerDuty

In other PagerDuty news, insider Shelley Webb sold 6,859 shares of PagerDuty stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $22.39, for a total value of $153,573.01. Following the completion of the sale, the insider now directly owns 253,439 shares in the company, valued at $5,674,499.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other PagerDuty news, insider Shelley Webb sold 6,859 shares of the stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $22.39, for a total transaction of $153,573.01. Following the transaction, the insider now directly owns 253,439 shares of the company’s stock, valued at $5,674,499.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Howard Wilson sold 8,893 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $25.09, for a total value of $223,125.37. Following the transaction, the chief financial officer now owns 507,672 shares in the company, valued at $12,737,490.48. The disclosure for this sale can be found here. Insiders sold 17,967 shares of company stock valued at $424,587 in the last three months. Corporate insiders own 7.90% of the company’s stock.

Institutional Investors Weigh In On PagerDuty

A number of large investors have recently added to or reduced their stakes in PD. Private Advisor Group LLC raised its position in shares of PagerDuty by 74.2% in the first quarter. Private Advisor Group LLC now owns 23,978 shares of the company’s stock valued at $544,000 after purchasing an additional 10,212 shares during the period. SpiderRock Advisors LLC bought a new position in PagerDuty in the 1st quarter worth $11,083,000. Principal Financial Group Inc. raised its holdings in PagerDuty by 14.7% in the 1st quarter. Principal Financial Group Inc. now owns 12,005 shares of the company’s stock worth $272,000 after acquiring an additional 1,539 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in PagerDuty during the 4th quarter worth $4,630,000. Finally, Goldman Sachs Group Inc. boosted its holdings in PagerDuty by 65.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,285,588 shares of the company’s stock valued at $52,911,000 after acquiring an additional 904,136 shares during the period. Institutional investors own 97.26% of the company’s stock.

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.