PagerDuty, Inc. (NYSE:PD) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of PagerDuty, Inc. (NYSE:PD) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $27.25.

A number of brokerages recently commented on PD. Canaccord Genuity Group decreased their target price on PagerDuty from $30.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, March 18th. Truist Financial raised PagerDuty from a “hold” rating to a “buy” rating and boosted their target price for the company from $25.00 to $30.00 in a research report on Monday, March 18th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $30.00 target price on shares of PagerDuty in a research report on Wednesday, January 24th. Finally, Robert W. Baird decreased their target price on PagerDuty from $25.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, March 15th.

Insider Buying and Selling at PagerDuty

In other PagerDuty news, insider Shelley Webb sold 6,859 shares of PagerDuty stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $22.39, for a total transaction of $153,573.01. Following the completion of the transaction, the insider now owns 253,439 shares in the company, valued at approximately $5,674,499.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Mitra Rezvan sold 2,215 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $21.62, for a total value of $47,888.30. Following the transaction, the chief accounting officer now owns 119,452 shares in the company, valued at approximately $2,582,552.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shelley Webb sold 6,859 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $22.39, for a total value of $153,573.01. Following the completion of the transaction, the insider now owns 253,439 shares in the company, valued at approximately $5,674,499.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,967 shares of company stock worth $424,587. Insiders own 7.90% of the company’s stock.

Hedge Funds Weigh In On PagerDuty

A number of hedge funds and other institutional investors have recently modified their holdings of the business. ARK Investment Management LLC lifted its stake in PagerDuty by 8.1% in the fourth quarter. ARK Investment Management LLC now owns 11,413,423 shares of the company’s stock valued at $264,221,000 after purchasing an additional 858,838 shares during the last quarter. Vanguard Group Inc. lifted its stake in PagerDuty by 5.8% in the third quarter. Vanguard Group Inc. now owns 9,802,821 shares of the company’s stock valued at $220,465,000 after purchasing an additional 536,763 shares during the last quarter. RGM Capital LLC lifted its stake in PagerDuty by 1.4% in the third quarter. RGM Capital LLC now owns 4,265,800 shares of the company’s stock valued at $95,938,000 after purchasing an additional 58,895 shares during the last quarter. Clearbridge Investments LLC lifted its stake in PagerDuty by 5.3% in the third quarter. Clearbridge Investments LLC now owns 4,093,717 shares of the company’s stock valued at $92,068,000 after purchasing an additional 206,274 shares during the last quarter. Finally, FIL Ltd lifted its stake in PagerDuty by 0.6% in the fourth quarter. FIL Ltd now owns 3,604,168 shares of the company’s stock valued at $83,436,000 after purchasing an additional 20,061 shares during the last quarter. Hedge funds and other institutional investors own 97.26% of the company’s stock.

PagerDuty Stock Down 5.2 %

PD stock opened at $20.96 on Tuesday. The stock has a 50-day moving average price of $23.17 and a 200-day moving average price of $22.68. PagerDuty has a 1-year low of $19.18 and a 1-year high of $35.06. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.50 and a quick ratio of 2.50.

PagerDuty (NYSE:PD) last posted its quarterly earnings data on Thursday, March 14th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.06). PagerDuty had a negative return on equity of 24.65% and a negative net margin of 18.98%. The business had revenue of $111.12 million during the quarter, compared to the consensus estimate of $110.50 million. Equities research analysts expect that PagerDuty will post -0.44 earnings per share for the current 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.