PagerDuty (NYSE:PD) Raised to “Buy” at Wall Street Zen

PagerDuty (NYSE:PD) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Sunday.

A number of other research firms also recently weighed in on PD. Canaccord Genuity Group reissued a “buy” rating and set a $19.00 target price on shares of PagerDuty in a research report on Wednesday, November 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of PagerDuty in a research note on Monday, December 29th. Royal Bank Of Canada downgraded shares of PagerDuty from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $17.00 to $15.00 in a research note on Monday, January 5th. Morgan Stanley cut their price target 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, Truist Financial decreased their price target on PagerDuty from $20.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, PagerDuty presently has a consensus rating of “Hold” and a consensus target price of $16.64.

PagerDuty Stock Up 1.2%

Shares of NYSE PD opened at $11.31 on Friday. The company has a 50 day simple moving average of $12.65 and a 200 day simple moving average of $14.76. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.37 and a quick ratio of 2.37. PagerDuty has a 1 year low of $10.66 and a 1 year high of $20.00. The firm has a market cap of $1.04 billion, a PE ratio of 7.07, a price-to-earnings-growth ratio of 2.99 and a beta of 0.63.

PagerDuty (NYSE:PD) last posted its earnings results on Tuesday, November 25th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.09. PagerDuty had a net margin of 31.12% and a return on equity of 10.27%. The firm had revenue of $124.55 million for the quarter, compared to analyst estimates of $124.92 million. During the same period in the previous year, the firm posted $0.26 EPS. The company’s revenue for the quarter 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, research analysts forecast that PagerDuty will post -0.27 EPS for the current year.

Insider Activity

In other news, Director Dan Alexandru Solomon sold 266,667 shares of the company’s stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $13.35, for a total value of $3,560,004.45. Following the completion of the sale, the director owned 2,389,665 shares in the company, valued at $31,902,027.75. This represents a 10.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in PagerDuty by 252.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company’s stock valued at $27,000 after buying an additional 1,149 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of PagerDuty in the third quarter valued at approximately $59,000. State of Alaska Department of Revenue purchased a new stake in shares of PagerDuty during the third quarter valued at approximately $67,000. KBC Group NV lifted its holdings in PagerDuty by 89.5% during the fourth quarter. KBC Group NV now owns 4,402 shares of the company’s stock worth $58,000 after acquiring an additional 2,079 shares during the period. Finally, One68 Global Capital LLC purchased a new position in PagerDuty in the third quarter worth $165,000. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

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.