PagerDuty, Inc. (NYSE:PD) Given Average Rating of "Hold" by Brokerages

Shares of PagerDuty, Inc. (NYSE:PD - Get Free Report) have earned a consensus rating of "Hold" from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $21.82.

Several brokerages have recently issued reports on PD. Scotiabank lowered 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. Canaccord Genuity Group dropped their price target on PagerDuty from $26.00 to $24.00 and set a "buy" rating for the company in a research note on Wednesday, September 4th. Robert W. Baird reduced their price objective on PagerDuty from $22.00 to $18.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 4th. Bank of America reduced their price target on shares of PagerDuty from $28.00 to $23.00 and set a "buy" rating on the stock in a research report on Wednesday, September 4th. Finally, Craig Hallum dropped their price objective on shares of PagerDuty from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Wednesday, September 4th.

PagerDuty Price Performance

Shares of PD traded up $0.04 during trading hours on Friday, reaching $17.96. 416,435 shares of the company traded hands, compared to its average volume of 1,151,603. The stock has a fifty day simple moving average of $18.43 and a 200 day simple moving average of $19.81. PagerDuty has a fifty-two week low of $16.46 and a fifty-two week high of $26.70. The stock has a market capitalization of $1.72 billion, a PE ratio of -17.78 and a beta of 1.06. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.38.

PagerDuty (NYSE:PD - Get Free Report) last announced 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 business had revenue of $115.94 million for the quarter, compared to the consensus estimate of $116.52 million. PagerDuty had a negative net margin of 18.58% and a negative return on equity of 25.83%. The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. As a group, research analysts predict that PagerDuty will post -0.37 EPS for the current fiscal year.

Insider Buying and Selling at PagerDuty

In related news, CAO Mitra Rezvan sold 2,942 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $18.06, for a total transaction of $53,132.52. Following the sale, the chief accounting officer now owns 108,449 shares in the company, valued at $1,958,588.94. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Jennifer Tejada sold 18,750 shares of PagerDuty stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $20.09, for a total value of $376,687.50. Following the sale, the chief executive officer now directly owns 1,010,861 shares in the company, valued at $20,308,197.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $53,132.52. Following the transaction, the chief accounting officer now directly owns 108,449 shares of the company's stock, valued at $1,958,588.94. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,450 shares of company stock worth $862,262 over the last 90 days. Insiders own 7.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PD. Quarry LP boosted its stake in PagerDuty by 1,537.2% during the second quarter. Quarry LP now owns 1,408 shares of the company's stock valued at $32,000 after buying an additional 1,322 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of PagerDuty by 28.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company's stock worth $53,000 after purchasing an additional 508 shares during the last quarter. Fred Alger Management LLC raised its holdings in shares of PagerDuty by 170.6% in the 2nd quarter. Fred Alger Management LLC now owns 2,503 shares of the company's stock worth $57,000 after purchasing an additional 1,578 shares in the last quarter. Cambridge Trust Co. acquired a new stake in PagerDuty during the first quarter valued at approximately $68,000. Finally, Headlands Technologies LLC bought a new stake in PagerDuty during the second quarter worth approximately $114,000. Institutional investors 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.