PagerDuty, Inc. (NYSE:PD - Get Free Report) has earned a consensus rating of "Hold" from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $21.82.
Several equities research analysts have recently issued reports on PD shares. JPMorgan Chase & Co. lowered their target price on shares of PagerDuty from $21.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, October 25th. Royal Bank of Canada reduced their target price on PagerDuty from $27.00 to $22.00 and set an "outperform" rating for the company in a report on Wednesday, September 4th. Craig Hallum reduced their price objective on PagerDuty from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Wednesday, September 4th. Robert W. Baird cut their price target 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, The Goldman Sachs Group lowered their price target on PagerDuty from $24.00 to $21.00 and set a "neutral" rating for the company in a report on Wednesday, September 4th.
Get Our Latest Stock Analysis on PD
In other PagerDuty news, CFO Howard Wilson sold 21,066 shares of the company'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 transaction of $421,741.32. Following the completion of the sale, the chief financial officer now directly owns 545,742 shares of the company's stock, valued at $10,925,754.84. This represents a 3.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shelley Webb sold 6,246 shares of the company's stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $18.12, for a total value of $113,177.52. Following the sale, the insider now owns 216,572 shares of the company's stock, valued at $3,924,284.64. This trade represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 106,146 shares of company stock valued at $2,110,248 over the last ninety days. Insiders own 7.60% of the company's stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP boosted its position in PagerDuty by 1,537.2% during the second quarter. Quarry LP now owns 1,408 shares of the company's stock worth $32,000 after acquiring an additional 1,322 shares during the last quarter. First Horizon Advisors Inc. increased its position in PagerDuty by 28.0% during 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 in the last quarter. Fred Alger Management LLC raised its holdings in PagerDuty by 170.6% in the second quarter. Fred Alger Management LLC now owns 2,503 shares of the company's stock valued at $57,000 after buying an additional 1,578 shares during the period. Cambridge Trust Co. acquired a new position in PagerDuty during the first quarter valued at approximately $68,000. Finally, Headlands Technologies LLC purchased a new stake in PagerDuty during the second quarter worth approximately $114,000. 97.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PD opened at $18.71 on Wednesday. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of -21.02 and a beta of 1.07. PagerDuty has a 52 week low of $16.46 and a 52 week high of $26.70. The stock's 50-day moving average price is $18.40 and its 200-day moving average price is $19.59. 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 released its quarterly earnings data on Tuesday, September 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. PagerDuty had a negative return on equity of 25.83% and a negative net margin of 18.58%. The business had revenue of $115.94 million for the quarter, compared to analyst estimates of $116.52 million. During the same quarter in the prior year, the firm posted ($0.18) EPS. The business's quarterly revenue was up 7.7% compared to the same quarter last year. On average, sell-side analysts predict that PagerDuty will post -0.37 EPS for the current year.
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.
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