PagerDuty (NYSE:PD) Trading Down 5.2% – What’s Next?

PagerDuty (NYSE:PD)’s stock price traded down 5.2% during trading on Friday . The stock traded as low as $12.46 and last traded at $12.4340. 264,032 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,576,490 shares. The stock had previously closed at $13.11.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Royal Bank Of Canada dropped their price objective on PagerDuty from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Wednesday, November 26th. Wall Street Zen cut shares of PagerDuty from a “strong-buy” rating to a “buy” rating in a report on Friday, November 28th. Zacks Research upgraded shares of PagerDuty from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. Cowen reissued a “buy” rating on shares of PagerDuty in a research report on Wednesday, November 26th. Finally, Bank of America assumed coverage on PagerDuty in a report on Tuesday, December 2nd. They issued an “underperform” rating and a $12.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.18.

PagerDuty Price Performance

The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 7.84, a price-to-earnings-growth ratio of 4.19 and a beta of 0.62. The company’s fifty day moving average price is $13.98 and its 200 day moving average price is $15.15. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.37 and a current ratio of 2.37.

PagerDuty (NYSE:PD) last announced its quarterly earnings results on Tuesday, November 25th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.09. The business had revenue of $124.55 million for the quarter, compared to the consensus estimate of $124.92 million. PagerDuty had a return on equity of 10.27% and a net margin of 31.12%.The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. PagerDuty has set its FY 2026 guidance at 1.110-1.120 EPS and its Q4 2026 guidance at 0.240-0.250 EPS. Equities research analysts expect that PagerDuty will post -0.27 earnings per share for the current year.

Insider Activity

In other news, Director Dan Alexandru Solomon sold 266,667 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 2,389,665 shares in the company, valued at approximately $31,902,027.75. The trade was a 10.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 8.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of PagerDuty by 17.1% in the third quarter. Vanguard Group Inc. now owns 12,593,954 shares of the company’s stock valued at $208,052,000 after buying an additional 1,840,407 shares in the last quarter. ARK Investment Management LLC lifted its stake in PagerDuty by 2.6% in the 3rd quarter. ARK Investment Management LLC now owns 8,827,404 shares of the company’s stock worth $145,829,000 after acquiring an additional 224,769 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of PagerDuty by 333.2% during the third quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company’s stock worth $23,961,000 after purchasing an additional 1,115,577 shares during the period. Millennium Management LLC grew its holdings 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 valued at $18,363,000 after acquiring an additional 358,347 shares in the last quarter. Finally, Readystate Asset Management LP acquired a new position in shares of PagerDuty in the third quarter worth $15,946,000. 97.26% of the stock is owned by institutional investors and hedge funds.

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. 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.