Shares of PagerDuty (NYSE:PD – Get Free Report) rose 5.9% during mid-day trading on Monday . The company traded as high as $10.86 and last traded at $10.9350. Approximately 340,110 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 2,729,209 shares. The stock had previously closed at $10.33.
Analyst Upgrades and Downgrades
PD has been the topic of a number of research analyst reports. Royal Bank Of Canada upped their target price on PagerDuty from $8.00 to $9.00 and gave the stock a “sector perform” rating in a report on Friday, May 29th. Canaccord Genuity Group lifted their price target on PagerDuty from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Truist Financial upped their price target on PagerDuty from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Thursday. Weiss Ratings reiterated a “sell (d)” rating on shares of PagerDuty in a report on Friday, May 22nd. Finally, Wall Street Zen upgraded shares of PagerDuty from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, PagerDuty presently has an average rating of “Hold” and a consensus target price of $11.50.
View Our Latest Stock Analysis on PagerDuty
PagerDuty Stock Up 4.8%
PagerDuty (NYSE:PD – Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.08. The firm had revenue of $120.97 million during the quarter, compared to analyst estimates of $119.52 million. PagerDuty had a return on equity of 18.20% and a net margin of 38.60%.PagerDuty’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS. PagerDuty has set its Q2 2027 guidance at 0.290-0.310 EPS. On average, equities analysts expect that PagerDuty will post 0.58 EPS for the current fiscal year.
PagerDuty declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 28th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to purchase up to 16.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
Institutional Investors Weigh In On PagerDuty
A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in PagerDuty by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 13,066,929 shares of the company’s stock worth $171,307,000 after acquiring an additional 472,975 shares during the last quarter. Y Intercept Hong Kong Ltd increased its holdings in shares of PagerDuty by 801.4% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 206,701 shares of the company’s stock worth $1,284,000 after purchasing an additional 183,770 shares in the last quarter. ArrowMark Colorado Holdings LLC increased its holdings in shares of PagerDuty by 18.2% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 659,565 shares of the company’s stock worth $10,896,000 after purchasing an additional 101,677 shares in the last quarter. State of Wyoming raised its stake in shares of PagerDuty by 82.7% in the fourth quarter. State of Wyoming now owns 54,780 shares of the company’s stock worth $718,000 after purchasing an additional 24,799 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of PagerDuty by 11.8% during the fourth quarter. ProShare Advisors LLC now owns 16,324 shares of the company’s stock valued at $214,000 after purchasing an additional 1,720 shares in the last quarter. Hedge funds and other institutional investors own 97.26% of the company’s stock.
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.
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