PagerDuty (NYSE:PD) Sets New 12-Month High – Here’s What Happened

PagerDuty (NYSE:PD)’s stock price reached a new 52-week high on Monday. The stock traded as high as $17.58 and last traded at $17.5250, with a volume of 31,744 shares changing hands. The stock had previously closed at $17.49.

Wall Street Analyst Weigh In

PD has been the topic of several recent analyst reports. Truist Financial lifted their price objective on shares of PagerDuty from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. UBS Group set a $13.50 target price on shares of PagerDuty in a report on Wednesday, August 26th. Morgan Stanley lifted their price target on shares of PagerDuty from $9.00 to $10.00 and gave the stock an “underweight” rating in a research report on Friday, August 28th. TD Cowen reissued a “buy” rating on shares of PagerDuty in a report on Wednesday, August 26th. Finally, Wall Street Zen cut shares of PagerDuty from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, PagerDuty has an average rating of “Hold” and an average price target of $12.56.

PagerDuty Stock Performance

The stock has a market cap of $1.40 billion, a P/E ratio of 8.91, a price-to-earnings-growth ratio of 2.71 and a beta of 0.97. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.02 and a quick ratio of 2.02. The stock’s 50 day simple moving average is $14.58 and its two-hundred day simple moving average is $10.76.

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

Insider Activity

In related news, insider Jennifer Tejada sold 107,000 shares of PagerDuty stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $15.11, for a total value of $1,616,770.00. Following the sale, the insider owned 1,563,251 shares of the company’s stock, valued at approximately $23,620,722.61. This trade represents a 6.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 172,500 shares of company stock worth $2,723,470 in the last ninety days. 6.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PagerDuty

Several hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. lifted its holdings in PagerDuty by 73.9% during the 1st quarter. Pacer Advisors Inc. now owns 569,907 shares of the company’s stock worth $3,539,000 after purchasing an additional 242,100 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of PagerDuty in the 1st quarter valued at $789,000. Deutsche Bank AG acquired a new position in shares of PagerDuty during the 2nd quarter worth $5,642,000. KBC Group NV lifted its position in shares of PagerDuty by 5,537.9% during the 1st quarter. KBC Group NV now owns 248,181 shares of the company’s stock worth $1,541,000 after buying an additional 243,779 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its stake in PagerDuty by 801.4% during the first quarter. Y Intercept Hong Kong Ltd now owns 206,701 shares of the company’s stock worth $1,284,000 after acquiring an additional 183,770 shares in the last quarter. 97.26% of the stock is currently owned by institutional investors and hedge funds.

PagerDuty Company Profile

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.