PagerDuty (NYSE:PD) Stock Rated “Hold” by Wall Street Analysts

Shares of PagerDuty (NYSE:PD) have received an average rating of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $12.56.

A number of research analysts have recently issued reports on PD shares. Royal Bank Of Canada boosted their price target on shares of PagerDuty from $9.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Friday, August 14th. Morgan Stanley upped their target price on PagerDuty from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Friday, August 28th. TD Cowen reiterated a “buy” rating on shares of PagerDuty in a research report on Wednesday, August 26th. Wall Street Zen cut shares of PagerDuty from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Truist Financial raised their price objective on shares of PagerDuty from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th.

Insider Activity at PagerDuty

In related news, insider Jennifer Tejada sold 57,500 shares of the business’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $17.16, for a total value of $986,700.00. Following the completion of the transaction, the insider owned 1,434,541 shares of the company’s stock, valued at approximately $24,616,723.56. The trade was a 3.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 172,500 shares of company stock worth $2,723,470 over the last quarter. 6.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PD. Signaturefd LLC lifted its holdings in shares of PagerDuty by 28.4% during the 3rd quarter. Signaturefd LLC now owns 12,370 shares of the company’s stock worth $187,000 after acquiring an additional 2,736 shares during the period. Fifth Third Wealth Advisors LLC acquired a new position in shares of PagerDuty in the 3rd quarter valued at about $169,000. Sterling Capital Management LLC increased its position in PagerDuty by 1,884.5% during the 3rd quarter. Sterling Capital Management LLC now owns 19,845 shares of the company’s stock worth $300,000 after purchasing an additional 18,845 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in PagerDuty by 38.5% during the third quarter. Nisa Investment Advisors LLC now owns 3,641 shares of the company’s stock valued at $55,000 after buying an additional 1,013 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of PagerDuty in the third quarter worth $1,540,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

PagerDuty Stock Down 0.0%

PD stock opened at $17.48 on Wednesday. PagerDuty has a fifty-two week low of $5.70 and a fifty-two week high of $17.55. The company’s 50 day moving average price is $14.58 and its 200 day moving average price is $10.76. The company has a debt-to-equity ratio of 1.71, a quick ratio of 2.02 and a current ratio of 2.02. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 2.71 and a beta of 0.97.

PagerDuty (NYSE:PD) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. PagerDuty had a net margin of 37.50% and a return on equity of 18.52%. The business had revenue of $124.44 million for the quarter, compared to analyst estimates of $123.27 million. During the same period last year, the business earned $0.30 EPS. The company’s revenue was up .8% on a year-over-year basis. 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, equities research analysts anticipate that PagerDuty will post 0.69 EPS for the current fiscal year.

About PagerDuty

PagerDuty, Inc is a technology company that provides digital operations management software for organizations. Its platform helps businesses detect, triage and respond to operational issues affecting applications, infrastructure, services and customer experiences.

The company’s products include incident response, event intelligence, AIOps, process automation and customer service operations capabilities. PagerDuty integrates with monitoring, development, collaboration and information technology tools to help teams centralize alerts, automate workflows, coordinate responses and reduce the impact of service disruptions.

Founded in 2009, PagerDuty is headquartered in San Francisco and serves organizations across multiple industries and geographic markets worldwide.