PagerDuty (NYSE:PD) Shares Up 9.2% – What’s Next?

PagerDuty (NYSE:PD)’s share price shot up 9.2% during mid-day trading on Monday . The stock traded as high as $9.87 and last traded at $9.9150. Approximately 417,649 shares changed hands during trading, a decline of 84% from the average daily volume of 2,652,651 shares. The stock had previously closed at $9.08.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PD. Weiss Ratings raised shares of PagerDuty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, July 13th. Canaccord Genuity Group upped their price objective on shares of PagerDuty from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Royal Bank Of Canada raised their target price on PagerDuty from $8.00 to $9.00 and gave the company a “sector perform” rating in a report on Friday, May 29th. Morgan Stanley lowered PagerDuty from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $10.00 to $9.00 in a report on Tuesday, July 21st. Finally, Truist Financial increased their price target on PagerDuty from $9.00 to $11.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $11.50.

PagerDuty Stock Performance

The firm’s 50 day moving average price is $9.21 and its 200-day moving average price is $8.27. The firm has a market cap of $800.97 million, a price-to-earnings ratio of 5.09, a P/E/G ratio of 2.50 and a beta of 0.94. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.95 and a quick ratio of 1.95.

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

PagerDuty declared that its board has approved a stock repurchase plan on Thursday, May 28th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 16.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. WealthCollab LLC bought a new stake in PagerDuty in the 1st quarter valued at $25,000. PNC Financial Services Group Inc. increased its stake in PagerDuty by 1,219.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,976 shares of the company’s stock valued at $31,000 after acquiring an additional 4,599 shares during the period. EverSource Wealth Advisors LLC raised its position in PagerDuty by 419.3% in the first 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 in the last quarter. Optiver Holding B.V. lifted its stake in PagerDuty by 5,699.0% during the first quarter. Optiver Holding B.V. now owns 6,031 shares of the company’s stock worth $37,000 after purchasing an additional 5,927 shares during the period. Finally, KBC Group NV boosted its holdings in PagerDuty by 89.5% during the fourth 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. 97.26% of the stock is currently owned by institutional investors and hedge funds.

PagerDuty Company Profile

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.