PagerDuty (NYSE:PD – Get Free Report) had its price objective hoisted by investment analysts at Royal Bank Of Canada from $12.00 to $14.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada‘s price target would indicate a potential downside of 10.66% from the stock’s current price.
A number of other equities analysts also recently weighed in on the company. Truist Financial upped their price target on PagerDuty from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Morgan Stanley boosted their price objective 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. UBS Group set a $13.50 target price on shares of PagerDuty in a report on Wednesday, August 26th. Wall Street Zen downgraded shares of PagerDuty from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings upgraded shares of PagerDuty from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 18th. Three 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’s stock. Based on data from MarketBeat.com, PagerDuty has an average rating of “Hold” and an average target price of $12.81.
View Our Latest Stock Analysis on PagerDuty
PagerDuty Stock Performance
Shares of PD opened at $15.67 on Monday. 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 twelve month low of $5.70 and a twelve month high of $18.06. The firm’s 50 day moving average price is $15.51 and its two-hundred day moving average price is $10.30. The firm has a market cap of $1.23 billion, a P/E ratio of 7.84, a PEG ratio of 2.43 and a beta of 0.96.
PagerDuty (NYSE:PD – Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $124.44 million during the quarter, compared to analysts’ expectations of $123.27 million. PagerDuty had a net margin of 37.50% and a return on equity of 18.52%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, analysts forecast that PagerDuty will post 0.69 EPS for the current fiscal year.
Insider Buying and Selling
In other PagerDuty news, insider Jennifer Tejada sold 107,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $15.11, for a total transaction of $1,616,770.00. Following the transaction, the insider owned 1,563,251 shares of the company’s stock, valued at $23,620,722.61. The trade was a 6.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 178,445 shares of company stock worth $2,830,480 in the last three months. Company insiders own 6.00% of the company’s stock.
Institutional Trading of PagerDuty
Hedge funds have recently made changes to their positions in the business. Fulcrum Asset Management LLP increased its holdings in shares of PagerDuty by 82.4% during the 3rd quarter. Fulcrum Asset Management LLP now owns 26,382 shares of the company’s stock worth $394,000 after acquiring an additional 11,920 shares during the last quarter. Ethic Inc. lifted its holdings in PagerDuty by 54.4% during the 3rd quarter. Ethic Inc. now owns 20,899 shares of the company’s stock valued at $316,000 after purchasing an additional 7,361 shares during the last quarter. Parallel Advisors LLC lifted its holdings in PagerDuty by 61.2% during the 3rd quarter. Parallel Advisors LLC now owns 4,282 shares of the company’s stock valued at $65,000 after purchasing an additional 1,626 shares during the last quarter. Abacus Wealth Partners LLC lifted its holdings in PagerDuty by 3.4% during the 3rd quarter. Abacus Wealth Partners LLC now owns 81,181 shares of the company’s stock valued at $1,226,000 after purchasing an additional 2,663 shares during the last quarter. Finally, Inscription Capital LLC boosted its position in PagerDuty by 13.5% during the third quarter. Inscription Capital LLC now owns 20,091 shares of the company’s stock worth $303,000 after purchasing an additional 2,386 shares during the period. 97.26% of the stock is 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.
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