PagerDuty (NYSE:PD) Stock Has Consensus Target Price of $12.56 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on PagerDuty, with two sell, five hold and three buy recommendations. The average 12-month price target is $12.56, below the reported opening price of $16.96.
• PagerDuty slightly exceeded quarterly expectations, reporting adjusted earnings of $0.32 per share versus the $0.31 consensus and revenue of $124.44 million versus $123.27 million expected. Revenue increased 0.8% year over year.
• Insiders sold 172,500 shares worth approximately $2.72 million during the quarter, while institutional investors and hedge funds own a substantial 97.26% of the company.

PagerDuty (NYSE:PD - Get Free Report) has received an average recommendation of "Hold" from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $12.56.

A number of research firms have recently commented on PD. Morgan Stanley increased their price objective on shares of PagerDuty from $9.00 to $10.00 and gave the stock an "underweight" rating in a research note on Friday, August 28th. UBS Group set a $13.50 target price on PagerDuty in a research report on Wednesday, August 26th. Weiss Ratings upgraded PagerDuty from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, September 18th. TD Cowen reiterated a "buy" rating on shares of PagerDuty in a report on Wednesday, August 26th. Finally, Canaccord Genuity Group increased their price target on PagerDuty from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, August 28th.

Insider Buying and Selling at PagerDuty

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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 172,500 shares of company stock worth $2,723,470. 6.00% of the stock is owned by insiders.

Institutional Investors Weigh In On PagerDuty

Several large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP acquired a new position in shares of PagerDuty during the 1st quarter worth about $6,074,000. Bank of New York Mellon Corp bought a new stake in shares of PagerDuty in the 2nd quarter valued at about $7,629,000. Deutsche Bank AG bought a new stake in shares of PagerDuty in the 2nd quarter valued at about $5,642,000. GC Wealth Management RIA LLC bought a new stake in shares of PagerDuty in the 1st quarter valued at about $2,552,000. Finally, Ieq Capital LLC acquired a new stake in PagerDuty in the 2nd quarter valued at about $3,918,000. Institutional investors and hedge funds own 97.26% of the company's stock.

PagerDuty Stock Performance

Shares of PD opened at $16.96 on Wednesday. PagerDuty has a 12 month low of $5.70 and a 12 month high of $17.55. The firm has a fifty day simple moving average of $14.25 and a 200 day simple moving average of $10.53. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 2.58 and a beta of 0.97. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.71.

PagerDuty (NYSE:PD - Get Free Report) last released its earnings results on Thursday, August 27th. The company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. PagerDuty had a net margin of 37.50% and a return on equity of 18.52%. The business had revenue of $124.44 million during the quarter, compared to the consensus estimate of $123.27 million. During the same quarter last year, the firm earned $0.30 earnings per share. The firm's revenue for the quarter was up .8% compared to the same quarter last year. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. Research analysts forecast that PagerDuty will post 0.69 EPS for the current fiscal year.

About PagerDuty

PagerDuty, Inc NYSE: PD provides a cloud-based digital operations management platform designed to help organizations detect, respond to and resolve operational issues. Its services support incident management, on-call scheduling, escalation workflows and collaboration among technology, development, IT operations and business teams.

The company's PagerDuty Operations Cloud combines real-time event monitoring, incident response, automation and artificial intelligence capabilities. Its products are intended to help customers identify disruptions, coordinate the appropriate responders, automate routine remediation and improve the reliability of digital services and customer experiences.

PagerDuty serves organizations across industries and geographies through a subscription-based software model.

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