PagerDuty Sees Unusually High Options Volume (NYSE:PD)

PagerDuty (NYSE:PD) was the target of unusually large options trading activity on Monday. Stock investors bought 13,715 put options on the company. This represents an increase of 1,008% compared to the average volume of 1,238 put options.

PagerDuty Stock Performance

PD traded down $0.28 during midday trading on Monday, reaching $6.30. The company had a trading volume of 646,689 shares, compared to its average volume of 3,049,493. PagerDuty has a 12-month low of $6.26 and a 12-month high of $19.70. The business has a 50-day moving average price of $10.80 and a two-hundred day moving average price of $13.81. The stock has a market cap of $577.76 million, a PE ratio of 3.92, a P/E/G ratio of 1.64 and a beta of 0.66. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.37 and a current ratio of 2.37.

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

Insiders Place Their Bets

In other PagerDuty news, Director Dan Alexandru Solomon sold 266,667 shares of the stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of $13.35, for a total transaction of $3,560,004.45. Following the completion of the transaction, the director owned 2,389,665 shares in the company, valued at approximately $31,902,027.75. This represents a 10.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.00% of the company’s stock.

Institutional Investors Weigh In On PagerDuty

Several large investors have recently added to or reduced their stakes in PD. EverSource Wealth Advisors LLC lifted its position in PagerDuty by 252.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company’s stock worth $27,000 after buying an additional 1,149 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of PagerDuty in the 3rd quarter valued at $59,000. State of Alaska Department of Revenue bought a new position in shares of PagerDuty during the 3rd quarter valued at $67,000. KBC Group NV grew its holdings in shares of PagerDuty by 89.5% during the 4th quarter. KBC Group NV now owns 4,402 shares of the company’s stock valued at $58,000 after purchasing an additional 2,079 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in PagerDuty in the 4th quarter worth $68,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PD shares. TD Cowen reissued a “buy” rating on shares of PagerDuty in a research report on Wednesday, November 26th. Zacks Research lowered PagerDuty from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Wall Street Zen upgraded PagerDuty from a “hold” rating to a “buy” rating in a research note on Sunday, January 25th. Bank of America began coverage on shares of PagerDuty in a research note on Tuesday, December 2nd. They issued an “underperform” rating and a $12.00 target price for the company. Finally, Morgan Stanley set a $9.00 target price on shares of PagerDuty in a report on Thursday. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $16.00.

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. 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.