PagerDuty (NYSE:PD) Short Interest Update

PagerDuty (NYSE:PD) saw a large decline in short interest in March. As of March 13th, there was short interest totaling 9,704,178 shares, a decline of 14.4% from the February 26th total of 11,341,921 shares. Approximately 12.4% of the shares of the stock are short sold. Based on an average trading volume of 3,620,060 shares, the days-to-cover ratio is presently 2.7 days.

PagerDuty Price Performance

Shares of NYSE PD traded up $0.05 during mid-day trading on Tuesday, reaching $6.20. The company’s stock had a trading volume of 896,842 shares, compared to its average volume of 3,268,494. The stock has a 50-day moving average of $7.88 and a two-hundred day moving average of $12.12. 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 stock has a market capitalization of $526.45 million, a P/E ratio of 3.37, a P/E/G ratio of 2.67 and a beta of 0.73. PagerDuty has a 1-year low of $5.91 and a 1-year high of $18.51.

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

Hedge Funds Weigh In On PagerDuty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its holdings in shares of PagerDuty by 60.8% during the 1st quarter. Royal Bank of Canada now owns 96,575 shares of the company’s stock worth $1,764,000 after acquiring an additional 36,517 shares during the period. AQR Capital Management LLC grew 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 purchasing an additional 77,251 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 purchasing an additional 671 shares during the last quarter. Millennium Management LLC raised its stake in 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 purchasing an additional 358,347 shares during the period. Finally, Woodline Partners LP purchased a new position in PagerDuty during the first quarter worth about $556,000. Institutional investors and hedge funds own 97.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Royal Bank Of Canada decreased their price objective on shares of PagerDuty from $9.00 to $8.00 and set a “sector perform” rating on the stock in a report on Friday, March 13th. Bank of America assumed coverage on shares of PagerDuty in a research report on Tuesday, December 2nd. They set an “underperform” rating and a $12.00 price target for the company. Zacks Research cut PagerDuty from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Morgan Stanley set a $9.00 price objective on PagerDuty in a research note on Thursday, February 19th. Finally, Wall Street Zen cut PagerDuty from a “buy” rating to a “hold” rating in a report on Monday. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.40.

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.