PagerDuty (NYSE:PD) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Consensus "Hold": Thirteen analysts rate PagerDuty, with 3 sells, 7 holds and 3 buys, and an average 12‑month price target of $16.00.
• Shares are trading around $7.90 with a market cap of about $724.6M and a low trailing P/E of 4.93; the 52‑week range is $6.18 to $19.70.
• Insider activity and ownership: Director Dan Alexandru Solomon sold 266,667 shares at $13.35 (a ~10% reduction), institutional investors hold ~97.26% of the stock and insiders own ~8%.

PagerDuty (NYSE:PD - Get Free Report) has received an average recommendation of "Hold" from the thirteen analysts that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $16.00.

Several equities analysts have commented on the stock. TD Cowen reissued a "buy" rating on shares of PagerDuty in a report on Wednesday, November 26th. Wall Street Zen raised shares of PagerDuty from a "hold" rating to a "buy" rating in a report on Sunday, January 25th. Weiss Ratings reissued a "sell (d+)" rating on shares of PagerDuty in a research note on Monday, December 29th. Zacks Research downgraded shares of PagerDuty from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 26th. Finally, Bank of America assumed coverage on PagerDuty in a research note on Tuesday, December 2nd. They set an "underperform" rating and a $12.00 target price for the company.

PagerDuty Stock Down 1.1%

PD stock opened at $7.90 on Tuesday. The company has a market cap of $724.60 million, a PE ratio of 4.93, a price-to-earnings-growth ratio of 2.00 and a beta of 0.73. The business has a 50-day simple moving average of $9.53 and a 200 day simple moving average of $13.15. PagerDuty has a 52 week low of $6.18 and a 52 week high of $19.70. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.23.

Insider Activity at PagerDuty

In other news, Director Dan Alexandru Solomon sold 266,667 shares of the business's stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $13.35, for a total transaction of $3,560,004.45. Following the completion of the transaction, the director owned 2,389,665 shares of the company's stock, valued at approximately $31,902,027.75. The trade was a 10.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PD. EverSource Wealth Advisors LLC raised its stake in PagerDuty by 252.0% during the third quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company's stock worth $27,000 after acquiring an additional 1,149 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of PagerDuty in the 3rd quarter valued at approximately $59,000. State of Alaska Department of Revenue bought a new stake in shares of PagerDuty during the 3rd quarter valued at approximately $67,000. KBC Group NV grew its holdings in shares of PagerDuty by 89.5% during the 4th quarter. KBC Group NV now owns 4,402 shares of the company's stock valued at $58,000 after purchasing an additional 2,079 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in PagerDuty during the 4th quarter worth approximately $68,000. Institutional investors own 97.26% of the company's stock.

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. Its platform includes PagerDuty Incident Management that provides a real-time view across the status of a digital service while incorporating noise reduction to remove false positives; AIOps that applies machine learning to correlate and automate the identification of incidents from billions of events; Process Automation offers centralized design time and run time environment for orchestrating automated workflows that span across departments, technologies, and networks; Customer Service Operations, which is offered to orchestrate, automate, and scale responses to customer impacting issues.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.