Analysts Set PagerDuty, Inc. (NYSE:PD) Price Target at $27.25

PagerDuty, Inc. (NYSE:PD) has been given an average rating of “Moderate Buy” by the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $27.25.

A number of research firms have weighed in on PD. Morgan Stanley reaffirmed an “equal weight” rating and set a $30.00 target price on shares of PagerDuty in a report on Wednesday, January 24th. Robert W. Baird reduced their price target on shares of PagerDuty from $25.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, March 15th. Truist Financial raised PagerDuty from a “hold” rating to a “buy” rating and lifted their price objective for the company from $25.00 to $30.00 in a research note on Monday, March 18th. Finally, Canaccord Genuity Group lowered their price target on PagerDuty from $30.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, March 18th.

Insiders Place Their Bets

In related news, CFO Howard Wilson sold 8,893 shares of PagerDuty stock in a transaction on Monday, February 12th. The shares were sold at an average price of $25.09, for a total value of $223,125.37. Following the transaction, the chief financial officer now owns 507,672 shares in the company, valued at approximately $12,737,490.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Howard Wilson sold 8,893 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $25.09, for a total transaction of $223,125.37. Following the transaction, the chief financial officer now directly owns 507,672 shares in the company, valued at approximately $12,737,490.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Mitra Rezvan sold 2,215 shares of PagerDuty stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $21.62, for a total value of $47,888.30. Following the completion of the transaction, the chief accounting officer now directly owns 119,452 shares in the company, valued at $2,582,552.24. The disclosure for this sale can be found here. Insiders sold a total of 17,967 shares of company stock valued at $424,587 over the last quarter. 7.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PagerDuty

A number of hedge funds have recently modified their holdings of PD. New York State Common Retirement Fund increased its holdings in PagerDuty by 1.5% during the 4th quarter. New York State Common Retirement Fund now owns 36,356 shares of the company’s stock valued at $842,000 after purchasing an additional 532 shares during the period. Arizona State Retirement System raised its holdings in shares of PagerDuty by 2.3% during the third quarter. Arizona State Retirement System now owns 24,941 shares of the company’s stock valued at $561,000 after acquiring an additional 563 shares in the last quarter. Diversified Trust Co lifted its stake in PagerDuty by 4.2% in the third quarter. Diversified Trust Co now owns 16,312 shares of the company’s stock worth $367,000 after acquiring an additional 660 shares during the period. Renaissance Group LLC boosted its holdings in PagerDuty by 1.1% in the third quarter. Renaissance Group LLC now owns 80,393 shares of the company’s stock valued at $1,802,000 after acquiring an additional 873 shares in the last quarter. Finally, FNY Investment Advisers LLC increased its position in PagerDuty by 100.0% during the 4th quarter. FNY Investment Advisers LLC now owns 2,000 shares of the company’s stock valued at $46,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 97.26% of the company’s stock.

PagerDuty Price Performance

Shares of NYSE:PD opened at $20.77 on Friday. The company has a 50-day moving average price of $22.18 and a two-hundred day moving average price of $22.61. PagerDuty has a twelve month low of $19.18 and a twelve month high of $29.97. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 2.61. The firm has a market capitalization of $1.99 billion, a PE ratio of -23.60 and a beta of 0.93.

PagerDuty (NYSE:PD) last released its quarterly earnings data on Thursday, March 14th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06). PagerDuty had a negative net margin of 18.98% and a negative return on equity of 24.65%. The business had revenue of $111.12 million during the quarter, compared to analysts’ expectations of $110.50 million. Equities analysts forecast that PagerDuty will post -0.44 EPS for the current year.

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.