PagerDuty (NYSE:PD) PT Lowered to $21.00

PagerDuty (NYSE:PD) had its target price trimmed by JPMorgan Chase & Co. from $24.00 to $21.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other brokerages have also weighed in on PD. Craig Hallum lowered their target price on PagerDuty from $30.00 to $26.00 and set a buy rating on the stock in a research note on Wednesday. Morgan Stanley lowered their target price on PagerDuty from $24.00 to $19.00 and set an equal weight rating on the stock in a research note on Wednesday. Canaccord Genuity Group lowered their target price on PagerDuty from $26.00 to $24.00 and set a buy rating on the stock in a research note on Wednesday. Royal Bank of Canada lowered their target price on PagerDuty from $27.00 to $22.00 and set an outperform rating on the stock in a research note on Wednesday. Finally, Robert W. Baird lowered their target price on PagerDuty from $22.00 to $18.00 and set a neutral rating on the stock in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, PagerDuty has a consensus rating of Hold and a consensus price target of $21.91.

PagerDuty Price Performance

NYSE:PD opened at $17.78 on Wednesday. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 2.58. The stock’s 50 day moving average price is $20.18 and its two-hundred day moving average price is $21.07. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of -17.60 and a beta of 1.05. PagerDuty has a 12-month low of $16.46 and a 12-month high of $26.70.

PagerDuty (NYSE:PD) last released its quarterly earnings data on Tuesday, September 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $115.94 million for the quarter, compared to analyst estimates of $116.52 million. PagerDuty had a negative return on equity of 28.38% and a negative net margin of 21.34%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.18) earnings per share. On average, analysts anticipate that PagerDuty will post -0.44 earnings per share for the current year.

Insider Buying and Selling at PagerDuty

In other PagerDuty news, insider Shelley Webb sold 5,732 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $21.98, for a total value of $125,989.36. Following the sale, the insider now owns 235,657 shares of the company’s stock, valued at approximately $5,179,740.86. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other PagerDuty news, insider Shelley Webb sold 5,732 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $21.98, for a total value of $125,989.36. Following the sale, the insider now owns 235,657 shares of the company’s stock, valued at approximately $5,179,740.86. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jennifer Tejada sold 31,250 shares of the firm’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $21.07, for a total value of $658,437.50. Following the completion of the sale, the chief executive officer now directly owns 1,023,579 shares in the company, valued at approximately $21,566,809.53. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,244 shares of company stock valued at $2,316,980. 7.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PagerDuty

Several hedge funds have recently modified their holdings of the company. ARK Investment Management LLC boosted its holdings in shares of PagerDuty by 12.5% during the 2nd quarter. ARK Investment Management LLC now owns 10,604,295 shares of the company’s stock valued at $243,156,000 after acquiring an additional 1,180,202 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of PagerDuty by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 9,631,790 shares of the company’s stock valued at $218,449,000 after acquiring an additional 33,454 shares in the last quarter. RGM Capital LLC boosted its holdings in shares of PagerDuty by 3.3% during the 2nd quarter. RGM Capital LLC now owns 4,504,394 shares of the company’s stock valued at $103,286,000 after acquiring an additional 143,701 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of PagerDuty by 1.9% during the 1st quarter. Janus Henderson Group PLC now owns 3,450,388 shares of the company’s stock valued at $78,254,000 after acquiring an additional 64,359 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of PagerDuty by 65.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,285,588 shares of the company’s stock valued at $52,911,000 after acquiring an additional 904,136 shares in the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.

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.