PagerDuty, Inc. (NYSE:PD) Given Average Recommendation of “Hold” by Brokerages

PagerDuty, Inc. (NYSE:PD) has been assigned an average recommendation of “Hold” from the eleven analysts that are covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $21.82.

PD has been the topic of a number of recent analyst reports. Canaccord Genuity Group reduced their price target on shares of PagerDuty from $26.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Royal Bank of Canada reduced their price target on shares of PagerDuty from $27.00 to $22.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 4th. Bank of America cut their price objective on shares of PagerDuty from $28.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. JPMorgan Chase & Co. cut their price objective on shares of PagerDuty from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Finally, The Goldman Sachs Group cut their price objective 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 Activity

In other PagerDuty news, CEO Jennifer Tejada sold 18,750 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $20.09, for a total transaction of $376,687.50. Following the transaction, the chief executive officer now owns 1,010,861 shares of the company’s stock, valued at $20,308,197.49. The trade was a 0.00 % 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. In other news, CEO Jennifer Tejada sold 18,750 shares of PagerDuty stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $20.09, for a total transaction of $376,687.50. Following the completion of the transaction, the chief executive officer now directly owns 1,010,861 shares in the company, valued at approximately $20,308,197.49. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shelley Webb sold 6,246 shares of PagerDuty stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $18.12, for a total value of $113,177.52. Following the transaction, the insider now owns 216,572 shares of the company’s stock, valued at $3,924,284.64. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,938 shares of company stock valued at $542,998. 7.60% of the stock is owned by company insiders.

Institutional Trading of PagerDuty

Several institutional investors have recently added to or reduced their stakes in PD. ARK Investment Management LLC boosted its stake in PagerDuty by 12.5% in the 2nd quarter. ARK Investment Management LLC now owns 10,604,295 shares of the company’s stock valued at $243,156,000 after purchasing an additional 1,180,202 shares during the period. SpiderRock Advisors LLC acquired a new position in shares of PagerDuty during the 1st quarter worth $11,083,000. RGM Capital LLC raised its holdings in shares of PagerDuty by 3.3% during the 2nd quarter. RGM Capital LLC now owns 4,504,394 shares of the company’s stock worth $103,286,000 after buying an additional 143,701 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of PagerDuty during the 2nd quarter worth $2,956,000. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of PagerDuty by 115.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 217,543 shares of the company’s stock worth $4,988,000 after buying an additional 116,422 shares in the last quarter. 97.26% of the stock is currently owned by institutional investors.

PagerDuty Price Performance

Shares of PD stock opened at $18.47 on Friday. PagerDuty has a 52-week low of $16.46 and a 52-week high of $26.70. The stock has a market cap of $1.72 billion, a PE ratio of -20.75 and a beta of 1.06. The company has a debt-to-equity ratio of 2.38, a quick ratio of 2.13 and a current ratio of 2.13. The firm’s 50 day moving average price is $18.30 and its two-hundred day moving average price is $19.69.

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