PagerDuty, Inc. (NYSE:PD) Given Consensus Rating of “Hold” by Analysts

PagerDuty, Inc. (NYSE:PD) has been assigned a consensus rating of “Hold” from the eleven brokerages that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $21.82.

Several analysts have recently weighed in on the stock. Craig Hallum lowered their price objective on shares of PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Robert W. Baird dropped their price target on PagerDuty from $22.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Bank of America reduced their price objective on PagerDuty from $28.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Morgan Stanley dropped their target price on PagerDuty from $24.00 to $19.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 4th. Finally, The Goldman Sachs Group reduced their price target on shares of PagerDuty from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th.

Insider Transactions at PagerDuty

In related news, CAO Mitra Rezvan sold 2,942 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $18.06, for a total value of $53,132.52. Following the sale, the chief accounting officer now directly owns 108,449 shares of the company’s stock, valued at $1,958,588.94. This trade represents a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Howard Wilson sold 21,066 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $20.02, for a total value of $421,741.32. Following the transaction, the chief financial officer now directly owns 545,742 shares of the company’s stock, valued at $10,925,754.84. The trade was a 3.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,396 shares of company stock worth $1,733,561. Insiders own 7.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PD. Geode Capital Management LLC lifted its position in shares of PagerDuty by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,151,314 shares of the company’s stock worth $39,915,000 after purchasing an additional 37,147 shares during the period. Aequim Alternative Investments LP raised its stake in PagerDuty by 43.8% in the third quarter. Aequim Alternative Investments LP now owns 163,300 shares of the company’s stock worth $3,029,000 after buying an additional 49,700 shares in the last quarter. Barclays PLC lifted its holdings in PagerDuty by 24.2% in the third quarter. Barclays PLC now owns 901,120 shares of the company’s stock worth $16,716,000 after buying an additional 175,733 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in PagerDuty during the 3rd quarter valued at approximately $278,000. Finally, XTX Topco Ltd purchased a new position in shares of PagerDuty during the 3rd quarter worth approximately $1,434,000. 97.26% of the stock is owned by hedge funds and other institutional investors.

PagerDuty Price Performance

PagerDuty stock opened at $20.91 on Wednesday. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of -23.49 and a beta of 1.07. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.38. The business has a 50-day simple moving average of $18.68 and a 200 day simple moving average of $19.59. PagerDuty has a 52 week low of $16.46 and a 52 week high of $26.70.

PagerDuty (NYSE:PD) last issued its quarterly earnings data on Tuesday, September 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. The company had revenue of $115.94 million during the quarter, compared to analyst estimates of $116.52 million. PagerDuty had a negative return on equity of 25.83% and a negative net margin of 18.58%. PagerDuty’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.18) earnings per share. On average, research analysts forecast that PagerDuty will post -0.37 earnings per share for the current fiscal year.

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.