PagerDuty (NYSE:PD) Stock Price Down 7.7% – Here’s Why

PagerDuty (NYSE:PD) dropped 7.7% during mid-day trading on Tuesday . The stock traded as low as $6.59 and last traded at $6.5470. Approximately 1,016,339 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 3,334,385 shares. The stock had previously closed at $7.09.

Wall Street Analysts Forecast Growth

PD has been the subject of several analyst reports. Craig Hallum lowered PagerDuty from a “buy” rating to a “hold” rating and decreased their price objective for the company from $20.00 to $15.00 in a report on Wednesday, November 26th. TD Cowen reduced their target price on PagerDuty from $20.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Morgan Stanley set a $9.00 price target on PagerDuty in a research note on Thursday, February 19th. Royal Bank Of Canada dropped their price target on PagerDuty from $9.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Friday, March 13th. Finally, Zacks Research lowered shares of PagerDuty from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.40.

PagerDuty Price Performance

The stock has a 50 day moving average of $8.42 and a 200-day moving average of $12.49. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market cap of $551.09 million, a PE ratio of 3.52, a price-to-earnings-growth ratio of 3.07 and a beta of 0.73.

PagerDuty (NYSE:PD) last posted its quarterly earnings results on Thursday, March 12th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.05. The business had revenue of $124.79 million for the quarter, compared to the consensus estimate of $122.96 million. PagerDuty had a return on equity of 16.29% and a net margin of 35.30%.The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. Equities analysts predict that PagerDuty will post -0.27 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Dan Alexandru Solomon sold 266,667 shares of the stock in a transaction that occurred 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.00% of the stock is currently owned by corporate insiders.

Institutional Trading of PagerDuty

Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its holdings in shares of PagerDuty by 252.0% during the third quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company’s stock worth $27,000 after purchasing an additional 1,149 shares during the last quarter. KBC Group NV grew its position in PagerDuty by 89.5% during the 4th quarter. KBC Group NV now owns 4,402 shares of the company’s stock worth $58,000 after purchasing an additional 2,079 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in PagerDuty during the 3rd quarter worth about $59,000. State of Alaska Department of Revenue purchased a new position in shares of PagerDuty during the 3rd quarter valued at about $67,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of PagerDuty in the 4th quarter valued at about $68,000. 97.26% of the stock is owned by hedge funds and other 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.