PagerDuty (NYSE:PD) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of PagerDuty (NYSE:PD) from a buy rating to a hold rating in a report issued on Saturday morning.

A number of other research firms also recently commented on PD. Royal Bank Of Canada downgraded PagerDuty from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $17.00 to $15.00 in a research note on Monday, January 5th. TD Cowen decreased their price target on shares of PagerDuty from $22.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of PagerDuty in a research note on Monday, December 29th. Morgan Stanley lowered their target price on shares of PagerDuty from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 26th. Finally, Craig Hallum cut PagerDuty from a “buy” rating to a “hold” rating and decreased their target price for the stock from $20.00 to $15.00 in a research report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $16.64.

PagerDuty Stock Performance

Shares of PD stock opened at $11.25 on Friday. The company has a market cap of $1.03 billion, a P/E ratio of 7.03, a PEG ratio of 3.00 and a beta of 0.63. The business has a 50 day moving average of $13.19 and a two-hundred day moving average of $14.97. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.23. PagerDuty has a 52 week low of $11.13 and a 52 week high of $20.00.

PagerDuty (NYSE:PD) last posted its earnings results on Tuesday, November 25th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.09. The company had revenue of $124.55 million for the quarter, compared to analysts’ expectations of $124.92 million. PagerDuty had a return on equity of 10.27% and a net margin of 31.12%.The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share. PagerDuty has set its FY 2026 guidance at 1.110-1.120 EPS and its Q4 2026 guidance at 0.240-0.250 EPS. As a group, analysts anticipate that PagerDuty will post -0.27 EPS for the current year.

Insider Transactions at PagerDuty

In other news, Director Dan Alexandru Solomon sold 266,667 shares of the business’s stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $13.35, for a total transaction of $3,560,004.45. Following the transaction, the director owned 2,389,665 shares in the company, valued at approximately $31,902,027.75. The trade was a 10.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PagerDuty

Large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its position in PagerDuty by 252.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company’s stock worth $27,000 after acquiring an additional 1,149 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of PagerDuty during the third quarter worth $59,000. State of Alaska Department of Revenue acquired a new stake in shares of PagerDuty in the third quarter valued at $67,000. State of Tennessee Department of Treasury bought a new position in shares of PagerDuty in the second quarter valued at about $160,000. Finally, One68 Global Capital LLC acquired a new position in PagerDuty during the 3rd quarter worth about $165,000. 97.26% of the stock is currently owned by institutional investors.

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. Its platform includes PagerDuty Incident Management that provides a real-time view across the status of a digital service while incorporating noise reduction to remove false positives; AIOps that applies machine learning to correlate and automate the identification of incidents from billions of events; Process Automation offers centralized design time and run time environment for orchestrating automated workflows that span across departments, technologies, and networks; Customer Service Operations, which is offered to orchestrate, automate, and scale responses to customer impacting issues.