PagerDuty, Inc. (NYSE:PD) Receives $21.82 Consensus Target Price from Brokerages

PagerDuty, Inc. (NYSE:PD) has been assigned an average rating of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $21.82.

A number of research analysts have issued reports on PD shares. Morgan Stanley lowered their price objective on PagerDuty from $24.00 to $19.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 4th. Bank of America dropped their price target on shares of PagerDuty from $28.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Scotiabank reduced their price objective on shares of PagerDuty from $23.00 to $18.00 and set a “sector perform” rating for the company in a research note on Wednesday, September 4th. Robert W. Baird decreased their target price on shares of PagerDuty from $22.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Finally, Royal Bank of Canada cut their price target on shares of PagerDuty from $27.00 to $22.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th.

Insider Buying and Selling

In other PagerDuty news, insider Shelley Webb sold 6,246 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $18.12, for a total value of $113,177.52. Following the transaction, the insider now owns 216,572 shares of the company’s stock, valued at approximately $3,924,284.64. This represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mitra Rezvan sold 2,942 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $18.06, for a total value of $53,132.52. Following the sale, the chief accounting officer now owns 108,449 shares of the company’s stock, valued at approximately $1,958,588.94. This represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,396 shares of company stock worth $1,733,561. 7.60% of the stock is owned by insiders.

Institutional Trading of PagerDuty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. grew its position in shares of PagerDuty by 28.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company’s stock valued at $53,000 after acquiring an additional 508 shares during the period. Envestnet Asset Management Inc. lifted its position in PagerDuty by 0.4% during the second quarter. Envestnet Asset Management Inc. now owns 123,247 shares of the company’s stock valued at $2,826,000 after purchasing an additional 542 shares in the last quarter. Arizona State Retirement System grew its holdings in PagerDuty by 2.8% during the second quarter. Arizona State Retirement System now owns 24,667 shares of the company’s stock valued at $566,000 after purchasing an additional 676 shares during the period. Point72 Asset Management L.P. increased its position in PagerDuty by 1.4% in the third quarter. Point72 Asset Management L.P. now owns 58,377 shares of the company’s stock worth $1,083,000 after buying an additional 819 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of PagerDuty by 5.1% in the second quarter. Mackenzie Financial Corp now owns 17,735 shares of the company’s stock worth $407,000 after buying an additional 856 shares during the period. 97.26% of the stock is owned by hedge funds and other institutional investors.

PagerDuty Stock Up 1.3 %

Shares of PagerDuty stock opened at $20.91 on Wednesday. PagerDuty has a 1 year low of $16.46 and a 1 year high of $26.70. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of -23.49 and a beta of 1.07. The company has a 50-day moving average of $18.68 and a 200 day moving average of $19.59. The company has a debt-to-equity ratio of 2.38, a current ratio of 2.13 and a quick ratio of 2.13.

PagerDuty (NYSE:PD) last announced its earnings results on Tuesday, September 3rd. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. PagerDuty had a negative net margin of 18.58% and a negative return on equity of 25.83%. The business had revenue of $115.94 million during the quarter, compared to the consensus estimate of $116.52 million. During the same quarter last year, the firm earned ($0.18) earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, sell-side analysts anticipate that PagerDuty will post -0.37 earnings per share for the current fiscal year.

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.