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

PagerDuty, Inc. (NYSE:PD - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight brokerages that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $27.25.

Several brokerages have issued reports on PD. Morgan Stanley reaffirmed an "equal weight" rating and set a $30.00 price objective on shares of PagerDuty in a report on Wednesday, January 24th. Truist Financial raised PagerDuty from a "hold" rating to a "buy" rating and raised their price objective for the stock from $25.00 to $30.00 in a report on Monday, March 18th. Canaccord Genuity Group dropped their price objective on PagerDuty from $30.00 to $27.00 and set a "buy" rating on the stock in a report on Monday, March 18th. Robert W. Baird dropped their price objective on PagerDuty from $25.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, March 15th. Finally, Bank of America began coverage on shares of PagerDuty in a research note on Thursday, December 14th. They set a "buy" rating and a $30.00 target price for the company.

Insider Transactions at PagerDuty

In related news, CFO Howard Wilson sold 33,782 shares of the firm's stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $25.68, for a total value of $867,521.76. Following the completion of the sale, the chief financial officer now owns 511,565 shares in the company, valued at $13,136,989.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Howard Wilson sold 33,782 shares of the firm's stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $25.68, for a total value of $867,521.76. Following the completion of the sale, the chief financial officer now owns 511,565 shares in the company, valued at $13,136,989.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Mitra Rezvan sold 2,215 shares of the firm's stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $21.62, for a total transaction of $47,888.30. Following the completion of the sale, the chief accounting officer now owns 119,452 shares of the company's stock, valued at approximately $2,582,552.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,749 shares of company stock worth $1,423,458. Company insiders own 7.90% of the company's stock.

Institutional Investors Weigh In On PagerDuty

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. ARK Investment Management LLC lifted its position in shares of PagerDuty by 8.1% during the 4th quarter. ARK Investment Management LLC now owns 11,413,423 shares of the company's stock valued at $264,221,000 after acquiring an additional 858,838 shares during the period. Vanguard Group Inc. increased its stake in shares of PagerDuty by 5.8% during the 3rd quarter. Vanguard Group Inc. now owns 9,802,821 shares of the company's stock worth $220,465,000 after purchasing an additional 536,763 shares in the last quarter. RGM Capital LLC increased its stake in shares of PagerDuty by 1.4% during the 3rd quarter. RGM Capital LLC now owns 4,265,800 shares of the company's stock worth $95,938,000 after purchasing an additional 58,895 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of PagerDuty by 5.3% during the 3rd quarter. Clearbridge Investments LLC now owns 4,093,717 shares of the company's stock worth $92,068,000 after purchasing an additional 206,274 shares in the last quarter. Finally, FIL Ltd increased its stake in shares of PagerDuty by 0.6% during the 4th quarter. FIL Ltd now owns 3,604,168 shares of the company's stock worth $83,436,000 after purchasing an additional 20,061 shares in the last quarter. 97.26% of the stock is currently owned by institutional investors and hedge funds.

PagerDuty Stock Up 2.7 %

NYSE:PD traded up $0.62 during trading hours on Tuesday, hitting $23.17. The company's stock had a trading volume of 1,093,869 shares, compared to its average volume of 1,388,626. The stock has a market capitalization of $2.15 billion, a P/E ratio of -26.33 and a beta of 0.91. The stock has a fifty day moving average of $23.33 and a 200-day moving average of $22.68. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 2.61. PagerDuty has a 52-week low of $19.18 and a 52-week high of $35.06.

PagerDuty (NYSE:PD - Get Free Report) last posted its earnings results on Thursday, March 14th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.06). The business had revenue of $111.12 million during the quarter, compared to analysts' expectations of $110.50 million. PagerDuty had a negative net margin of 18.98% and a negative return on equity of 24.65%. On average, equities analysts forecast that PagerDuty will post -0.44 earnings per share 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.