PagerDuty (NYSE:PD) Shares Gap Down – Here’s What Happened

PagerDuty (NYSE:PD)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $10.84, but opened at $10.11. PagerDuty shares last traded at $10.8290, with a volume of 161,661 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada raised their target price on PagerDuty from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday, May 29th. Wall Street Zen upgraded shares of PagerDuty from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Weiss Ratings upgraded PagerDuty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday. Canaccord Genuity Group upped their target price on PagerDuty from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Finally, Truist Financial lifted their price target on PagerDuty from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.50.

PagerDuty Stock Down 1.7%

The company has a market capitalization of $833.31 million, a PE ratio of 5.30, a P/E/G ratio of 2.82 and a beta of 0.94. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.83. The firm has a 50 day simple moving average of $8.71 and a two-hundred day simple moving average of $8.47.

PagerDuty (NYSE:PD) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.24 by $0.08. PagerDuty had a return on equity of 18.20% and a net margin of 38.60%.The business had revenue of $120.97 million during the quarter, compared to analysts’ expectations of $119.52 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. PagerDuty has set its Q2 2027 guidance at 0.290-0.310 EPS. Research analysts expect that PagerDuty will post 0.58 EPS for the current year.

PagerDuty declared that its Board of Directors has approved a share buyback program on Thursday, May 28th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to buy up to 16.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Institutional Trading of PagerDuty

Several hedge funds and other institutional investors have recently made changes to their positions in the company. WealthCollab LLC purchased a new position in PagerDuty during the first quarter worth about $25,000. KBC Group NV boosted its holdings in PagerDuty by 89.5% in the 4th quarter. KBC Group NV now owns 4,402 shares of the company’s stock valued at $58,000 after purchasing an additional 2,079 shares in the last quarter. PNC Financial Services Group Inc. increased its position in PagerDuty by 1,219.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,976 shares of the company’s stock worth $31,000 after purchasing an additional 4,599 shares during the period. EverSource Wealth Advisors LLC increased its position in PagerDuty by 419.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,136 shares of the company’s stock worth $32,000 after purchasing an additional 4,147 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in PagerDuty during the 4th quarter worth approximately $68,000. Hedge funds and other 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.