PagerDuty (NYSE:PD) Stock Has Consensus Target Price of $12.56

PagerDuty (NYSE:PD) has received a consensus rating of “Hold” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $12.56.

A number of analysts have recently weighed in on PD shares. TD Cowen reiterated a “buy” rating on shares of PagerDuty in a research report on Wednesday, August 26th. Royal Bank Of Canada upped their price objective on PagerDuty from $9.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Friday, August 14th. Morgan Stanley increased their target price on PagerDuty from $9.00 to $10.00 and gave the stock an “underweight” rating in a research report on Friday, August 28th. Weiss Ratings raised PagerDuty from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 18th. Finally, Wall Street Zen cut PagerDuty from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th.

Insider Activity at PagerDuty

In other news, insider Jennifer Tejada sold 107,000 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $15.11, for a total transaction of $1,616,770.00. Following the completion of the transaction, the insider owned 1,563,251 shares in the company, valued at approximately $23,620,722.61. This represents a 6.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 172,500 shares of company stock worth $2,723,470 in the last three months. 6.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in shares of PagerDuty in the second quarter valued at approximately $7,629,000. Dimensional Fund Advisors LP acquired a new position in shares of PagerDuty during the first quarter worth approximately $6,074,000. Glenmede Trust Co. NA boosted its position in shares of PagerDuty by 35.7% during the first quarter. Glenmede Trust Co. NA now owns 937,505 shares of the company’s stock worth $5,822,000 after buying an additional 246,482 shares during the period. Deutsche Bank AG acquired a new position in shares of PagerDuty during the second quarter worth approximately $5,642,000. Finally, Pacer Advisors Inc. grew its holdings in PagerDuty by 11.7% in the 4th quarter. Pacer Advisors Inc. now owns 327,807 shares of the company’s stock worth $4,298,000 after buying an additional 34,363 shares in the last quarter. 97.26% of the stock is owned by institutional investors and hedge funds.

PagerDuty Trading Up 1.5%

NYSE PD opened at $17.48 on Wednesday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 2.02 and a current ratio of 2.02. PagerDuty has a one year low of $5.70 and a one year high of $17.55. The company has a 50-day simple moving average of $14.58 and a 200-day simple moving average of $10.73. The firm has a market capitalization of $1.38 billion, a PE ratio of 31.33, a price-to-earnings-growth ratio of 2.67 and a beta of 0.97.

PagerDuty (NYSE:PD) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. PagerDuty had a net margin of 37.50% and a return on equity of 18.52%. The firm had revenue of $124.44 million for the quarter, compared to analyst estimates of $123.27 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. PagerDuty’s quarterly revenue was up .8% on a year-over-year basis. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. On average, equities analysts forecast that PagerDuty will post 0.69 earnings per share for the current year.

About PagerDuty

PagerDuty, Inc is a technology company that provides digital operations management software for organizations. Its platform helps businesses detect, triage and respond to operational issues affecting applications, infrastructure, services and customer experiences.

The company’s products include incident response, event intelligence, AIOps, process automation and customer service operations capabilities. PagerDuty integrates with monitoring, development, collaboration and information technology tools to help teams centralize alerts, automate workflows, coordinate responses and reduce the impact of service disruptions.

Founded in 2009, PagerDuty is headquartered in San Francisco and serves organizations across multiple industries and geographic markets worldwide.