PagerDuty (NYSE:PD) Stock Price Down 7.2% – Here’s What Happened

PagerDuty (NYSE:PD) shares dropped 7.2% on Tuesday . The stock traded as low as $9.80 and last traded at $9.6320. Approximately 280,674 shares traded hands during trading, a decline of 87% from the average daily volume of 2,147,838 shares. The stock had previously closed at $10.38.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wall Street Zen raised PagerDuty from a “hold” rating to a “buy” rating in a report on Sunday, January 25th. Bank of America assumed coverage on PagerDuty in a research report on Tuesday, December 2nd. They set an “underperform” rating and a $12.00 price objective for the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $19.00 target price on shares of PagerDuty in a research report on Wednesday, November 26th. Zacks Research cut PagerDuty from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Finally, Royal Bank Of Canada lowered shares of PagerDuty from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $17.00 to $15.00 in a research report on Monday, January 5th. Three 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’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $16.64.

PagerDuty Stock Performance

The company has a market cap of $722.77 million, a P/E ratio of 4.92, a PEG ratio of 2.23 and a beta of 0.66. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.23. The company has a 50 day moving average price of $11.97 and a 200-day moving average price of $14.48.

PagerDuty (NYSE:PD) last posted its quarterly earnings data on Tuesday, November 25th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.09. The business had revenue of $124.55 million during the quarter, compared to the consensus estimate of $124.92 million. PagerDuty had a net margin of 31.12% and a return on equity of 10.27%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 earnings per share. PagerDuty has set its FY 2026 guidance at 1.110-1.120 EPS and its Q4 2026 guidance at 0.240-0.250 EPS. Equities analysts expect that PagerDuty will post -0.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other PagerDuty news, Director Dan Alexandru Solomon sold 266,667 shares of the stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $13.35, for a total transaction of $3,560,004.45. Following the completion of the transaction, the director directly owned 2,389,665 shares of the company’s stock, valued at approximately $31,902,027.75. This trade represents a 10.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PD. EverSource Wealth Advisors LLC boosted its stake in shares of PagerDuty by 252.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company’s stock worth $27,000 after acquiring an additional 1,149 shares in the last quarter. KBC Group NV lifted its holdings in shares of PagerDuty by 89.5% during the fourth quarter. KBC Group NV now owns 4,402 shares of the company’s stock valued at $58,000 after purchasing an additional 2,079 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of PagerDuty during the third quarter valued at $59,000. State of Alaska Department of Revenue acquired a new position in shares of PagerDuty in the 3rd quarter valued at $67,000. Finally, New York State Teachers Retirement System purchased a new position in PagerDuty in the 4th quarter worth about $102,000. Institutional investors own 97.26% of the company’s stock.

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.