Shares of PagerDuty (NYSE:PD – Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $8.67 and last traded at $8.5140, with a volume of 195590 shares changing hands. The stock had previously closed at $8.92.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. Royal Bank Of Canada downgraded PagerDuty from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $17.00 to $15.00 in a research note on Monday, January 5th. Canaccord Genuity Group restated a “buy” rating and set a $19.00 target price on shares of PagerDuty in a research report on Wednesday, November 26th. Zacks Research downgraded shares of PagerDuty from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Bank of America began coverage on shares of PagerDuty in a research report on Tuesday, December 2nd. They set an “underperform” rating and a $12.00 price objective for the company. Finally, TD Cowen restated a “buy” rating on shares of PagerDuty in a research note on Wednesday, November 26th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, PagerDuty currently has a consensus rating of “Hold” and an average target price of $16.64.
PagerDuty Stock Up 1.8%
PagerDuty (NYSE:PD – Get Free Report) last issued its quarterly earnings results on Tuesday, November 25th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.09. PagerDuty had a return on equity of 10.27% and a net margin of 31.12%.The business had revenue of $124.55 million during the quarter, compared to analyst estimates of $124.92 million. During the same quarter in the prior year, the business posted $0.26 EPS. PagerDuty’s revenue for the quarter was up 4.7% compared to the same quarter last year. PagerDuty has set its FY 2026 guidance at 1.110-1.120 EPS and its Q4 2026 guidance at 0.240-0.250 EPS. As a group, equities analysts expect that PagerDuty will post -0.27 earnings per share for the current year.
Insider Transactions at PagerDuty
In related 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 value of $3,560,004.45. Following the transaction, the director directly owned 2,389,665 shares of the company’s stock, valued at approximately $31,902,027.75. The trade was a 10.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.00% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in PD. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in PagerDuty by 78.3% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 323,951 shares of the company’s stock worth $5,352,000 after acquiring an additional 142,232 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its position in shares of PagerDuty by 91.3% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 391,215 shares of the company’s stock valued at $5,978,000 after acquiring an additional 186,751 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of PagerDuty in the second quarter valued at $246,000. Campbell & CO Investment Adviser LLC bought a new stake in PagerDuty in the second quarter worth $320,000. Finally, SG Americas Securities LLC purchased a new stake in PagerDuty during the third quarter valued at $4,312,000. Institutional investors own 97.26% of the company’s stock.
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.
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