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

PagerDuty, Inc. (NYSE:PD) has earned a consensus rating of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $21.82.

PD has been the subject of several recent research reports. 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 research note on Wednesday, September 4th. Bank of America cut their price target on shares of PagerDuty from $28.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Scotiabank decreased their price objective on shares of PagerDuty from $23.00 to $18.00 and set a “sector perform” rating for the company in a report on Wednesday, September 4th. Craig Hallum cut their target price on PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Finally, Morgan Stanley decreased their price target 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.

Insider Transactions at PagerDuty

In other PagerDuty news, CAO Mitra Rezvan sold 2,942 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $18.06, for a total value of $53,132.52. Following the completion of the sale, the chief accounting officer now owns 108,449 shares in the company, valued at approximately $1,958,588.94. This trade represents a 2.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Howard Wilson sold 21,066 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $20.02, for a total transaction of $421,741.32. Following the completion of the transaction, the chief financial officer now owns 545,742 shares of the company’s stock, valued at approximately $10,925,754.84. This represents a 3.72 % decrease in their position. 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. Insiders own 7.60% of the company’s stock.

Institutional Investors Weigh In On PagerDuty

Several large investors have recently modified their holdings of PD. Quarry LP lifted its holdings 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 acquiring an additional 1,322 shares during the period. First Horizon Advisors Inc. boosted its holdings 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 acquiring an additional 508 shares in the last quarter. Fred Alger Management LLC boosted its stake in PagerDuty by 170.6% in the second 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 shares of PagerDuty in the first quarter valued at $68,000. Finally, Headlands Technologies LLC bought a new position in shares of PagerDuty in the second quarter valued at about $114,000. 97.26% of the stock is currently owned by institutional investors.

PagerDuty Stock Up 4.2 %

PagerDuty stock opened at $20.67 on Wednesday. PagerDuty has a twelve month low of $16.46 and a twelve month high of $26.70. The company has a debt-to-equity ratio of 2.38, a quick ratio of 2.13 and a current ratio of 2.13. The firm has a market cap of $1.92 billion, a PE ratio of -23.22 and a beta of 1.07. The firm’s 50 day moving average price is $18.55 and its two-hundred day moving average price is $19.57.

PagerDuty (NYSE:PD) last posted its quarterly earnings results on Tuesday, September 3rd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates 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%. PagerDuty’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.18) earnings per share. On average, research analysts predict that PagerDuty will post -0.37 EPS for the current fiscal year.

About PagerDuty

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.