PagerDuty (NYSE:PD) Stock Has Average Price Target of $12.56

PagerDuty (NYSE:PD) has been assigned an average recommendation of “Hold” from the ten ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $12.56.

A number of analysts have commented on PD shares. UBS Group set a $13.50 target price on PagerDuty in a research report on Wednesday, August 26th. Morgan Stanley lifted their price target on PagerDuty from $9.00 to $10.00 and gave the stock an “underweight” rating in a research note on Friday, August 28th. Weiss Ratings upgraded shares of PagerDuty from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 18th. TD Cowen reissued a “buy” rating on shares of PagerDuty in a research note on Wednesday, August 26th. Finally, Truist Financial raised their target price on shares of PagerDuty from $11.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, August 20th.

Insider Activity

In other news, insider Jennifer Tejada sold 8,000 shares of the stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $15.00, for a total value of $120,000.00. Following the sale, the insider directly owned 1,670,251 shares in the company, valued at $25,053,765. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 6.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On PagerDuty

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP purchased a new position in PagerDuty during the first quarter worth $6,074,000. Glenmede Trust Co. NA lifted its position in shares of PagerDuty by 35.7% in the first quarter. Glenmede Trust Co. NA now owns 937,505 shares of the company’s stock valued at $5,822,000 after acquiring an additional 246,482 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of PagerDuty by 44.5% during the first quarter. Bank of New York Mellon Corp now owns 816,688 shares of the company’s stock valued at $5,072,000 after acquiring an additional 251,651 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of PagerDuty during the second quarter valued at $5,642,000. Finally, Pacer Advisors Inc. increased its position in PagerDuty by 73.9% during the 1st quarter. Pacer Advisors Inc. now owns 569,907 shares of the company’s stock worth $3,539,000 after purchasing an additional 242,100 shares in the last quarter. Hedge funds and other institutional investors own 97.26% of the company’s stock.

PagerDuty Trading Up 0.6%

Shares of PagerDuty stock opened at $14.47 on Friday. PagerDuty has a 12-month low of $5.70 and a 12-month high of $16.91. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.71. The stock has a market cap of $1.14 billion, a PE ratio of 7.23, a price-to-earnings-growth ratio of 2.23 and a beta of 0.96. The company has a 50-day moving average of $12.48 and a two-hundred day moving average of $9.49.

PagerDuty (NYSE:PD) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The business had revenue of $124.44 million for the quarter, compared to analyst estimates of $123.27 million. PagerDuty had a return on equity of 18.52% and a net margin of 37.50%.The company’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.30 EPS. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. On average, research analysts anticipate that PagerDuty will post 0.69 EPS for the current fiscal year.

PagerDuty Company Profile

PagerDuty, Inc provides a digital operations management platform designed to help organizations detect, respond to and resolve critical issues across their technology and business operations. Its platform brings together data from applications, infrastructure, cloud environments and other systems to help teams manage incidents and maintain the reliability of digital services.

The company’s offerings include incident management, AIOps, workflow automation and customer service operations capabilities.