PagerDuty, Inc. (NYSE:PD) Receives $21.82 Average Price Target from Analysts

PagerDuty, Inc. (NYSE:PD - Get Free Report) has been given a consensus rating of "Hold" by the eleven brokerages that are covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $21.82.

Several research firms have weighed in on PD. Canaccord Genuity Group decreased their price target on shares of PagerDuty from $26.00 to $24.00 and set a "buy" rating on the stock in a research report on Wednesday, September 4th. 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, September 4th. Morgan Stanley lowered their price target on shares of PagerDuty from $24.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Wednesday, September 4th. TD Cowen lowered their target price on PagerDuty from $23.00 to $19.00 and set a "hold" rating for the company in a research note on Wednesday, September 4th. Finally, Scotiabank reduced their price objective on PagerDuty from $23.00 to $18.00 and set a "sector perform" rating for the company in a research note on Wednesday, September 4th.

PagerDuty Trading Up 0.9 %

PagerDuty stock traded up $0.16 during trading hours on Wednesday, reaching $18.85. The company had a trading volume of 515,255 shares, compared to its average volume of 1,116,767. 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 has a 12-month low of $16.46 and a 12-month high of $26.70. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of -21.02 and a beta of 1.07. The company has a 50-day moving average price of $18.42 and a 200 day moving average price of $19.58.

PagerDuty (NYSE:PD - Get Free Report) last issued its quarterly earnings data on Tuesday, September 3rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $115.94 million during 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 period in the prior year, the firm posted ($0.18) earnings per share. Equities analysts forecast that PagerDuty will post -0.37 earnings per share for the current year.

Insider Activity

In related news, CFO Howard Wilson sold 21,066 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $20.02, for a total value of $421,741.32. Following the transaction, the chief financial officer now directly owns 545,742 shares of the company's stock, valued at approximately $10,925,754.84. This trade represents a 3.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jennifer Tejada sold 18,750 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The stock was 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 of the company's stock, valued at $20,308,197.49. The trade was a 1.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,146 shares of company stock valued at $2,110,248. 7.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PagerDuty

Large investors have recently made changes to their positions in the business. Quarry LP raised its position in shares of 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 during the last quarter. First Horizon Advisors Inc. raised its holdings in PagerDuty by 28.0% in 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 in the last quarter. Fred Alger Management LLC lifted its position 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 acquiring an additional 1,578 shares during the period. Cambridge Trust Co. acquired a new stake in shares of PagerDuty during the 1st quarter worth approximately $68,000. Finally, Headlands Technologies LLC bought a new stake in shares of PagerDuty during the second quarter valued at approximately $114,000. 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.