PagerDuty (NYSE:PD) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of PagerDuty (NYSE:PD) from a buy rating to a hold rating in a research note released on Saturday.

PD has been the topic of several other reports. Canaccord Genuity Group cut their price objective on shares of PagerDuty from $19.00 to $9.00 and set a “buy” rating on the stock in a report on Friday. Morgan Stanley set a $9.00 target price on shares of PagerDuty in a research report on Thursday, February 19th. William Blair reissued a “market perform” rating on shares of PagerDuty in a research note on Friday. Bank of America started coverage on PagerDuty in a research note on Tuesday, December 2nd. They issued an “underperform” rating and a $12.00 price target on the stock. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of PagerDuty in a research report on Monday, December 29th. 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, PagerDuty currently has an average rating of “Hold” and a consensus price target of $12.40.

PagerDuty Price Performance

Shares of PD stock opened at $6.92 on Friday. The firm has a market cap of $587.64 million, a price-to-earnings ratio of 3.76, a PEG ratio of 2.25 and a beta of 0.73. PagerDuty has a 12 month low of $6.15 and a 12 month high of $19.70. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 1.56. The stock has a 50-day moving average price of $8.98 and a 200 day moving average price of $12.82.

PagerDuty (NYSE:PD) last released its earnings results on Thursday, March 12th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. The company had revenue of $124.79 million for the quarter, compared to the consensus estimate of $122.96 million. PagerDuty had a net margin of 35.30% and a return on equity of 16.29%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 EPS. PagerDuty has set its Q1 2027 guidance at 0.230-0.250 EPS and its FY 2027 guidance at 1.230-1.280 EPS. Research analysts expect that PagerDuty will post -0.27 EPS for the current year.

Insider Activity at PagerDuty

In other news, Director Dan Alexandru Solomon sold 266,667 shares of the firm’s 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 sale, the director owned 2,389,665 shares of the company’s stock, valued at $31,902,027.75. This trade represents a 10.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.00% of the stock is currently owned by corporate insiders.

Institutional Trading of PagerDuty

A number of large investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its stake in PagerDuty by 60.8% in the first quarter. Royal Bank of Canada now owns 96,575 shares of the company’s stock valued at $1,764,000 after buying an additional 36,517 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of PagerDuty by 110.6% in the first quarter. AQR Capital Management LLC now owns 147,127 shares of the company’s stock valued at $2,679,000 after buying an additional 77,251 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of PagerDuty by 1.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,601 shares of the company’s stock worth $943,000 after acquiring an additional 671 shares in the last quarter. Millennium Management LLC increased its position in shares of PagerDuty by 55.4% during the first quarter. Millennium Management LLC now owns 1,005,111 shares of the company’s stock worth $18,363,000 after acquiring an additional 358,347 shares in the last quarter. Finally, Woodline Partners LP acquired a new stake in shares of PagerDuty during the first quarter worth $556,000. 97.26% of the stock is 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.