PagerDuty (NYSE:PD) Stock Price Up 12.9% - Here's Why

Key Points

• Shares jumped 12.9% to about $7.74 on Thursday, with intraday highs of $7.71 and trading volume of ~663,329 shares (down ~78% from the average).
• PagerDuty beat quarterly estimates, reporting $0.29 EPS vs. $0.24 expected and revenue of $124.79M vs. $122.96M, and provided Q1 and FY 2027 EPS guidance.
• Analysts have a consensus rating of Hold with a $12.40 average price target (3 Buy / 7 Hold / 3 Sell), while the stock trades at a market cap of about $631M and a low PE of 4.04.

PagerDuty (NYSE:PD - Get Free Report)'s share price rose 12.9% during mid-day trading on Thursday . The stock traded as high as $7.71 and last traded at $7.7350. Approximately 663,329 shares were traded during trading, a decline of 78% from the average daily volume of 3,011,632 shares. The stock had previously closed at $6.85.

Analyst Ratings Changes

PD has been the subject of several recent research reports. Morgan Stanley set a $9.00 target price on shares of PagerDuty in a report on Thursday, February 19th. Royal Bank Of Canada reduced their target price on shares of PagerDuty from $9.00 to $8.00 and set a "sector perform" rating for the company in a report on Friday, March 13th. William Blair reissued a "market perform" rating on shares of PagerDuty in a report on Friday, March 13th. Zacks Research cut shares of PagerDuty from a "strong-buy" rating to a "hold" rating in a report on Monday, January 26th. Finally, Wall Street Zen raised shares of PagerDuty from a "hold" rating to a "buy" rating in a report on Tuesday, April 7th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, PagerDuty presently has an average rating of "Hold" and a consensus price target of $12.40.

PagerDuty Stock Up 8.4%

The company has a debt-to-equity ratio of 1.56, a current ratio of 2.01 and a quick ratio of 2.01. The business's fifty day simple moving average is $6.73 and its two-hundred day simple moving average is $10.41. The company has a market cap of $631.05 million, a PE ratio of 4.04, a PEG ratio of 3.20 and a beta of 0.78.

PagerDuty (NYSE:PD - Get Free Report) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.05. PagerDuty had a net margin of 35.30% and a return on equity of 16.29%. The company had revenue of $124.79 million during the quarter, compared to analysts' expectations of $122.96 million. During the same quarter in the previous year, the company earned $0.22 earnings per share. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. PagerDuty has set its Q1 2027 guidance at 0.230-0.250 EPS and its FY 2027 guidance at 1.230-1.280 EPS. On average, analysts predict that PagerDuty will post 0.34 earnings per share for the current year.

Institutional Trading of PagerDuty

Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its position in shares of PagerDuty by 252.0% in the third quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company's stock valued at $27,000 after purchasing an additional 1,149 shares during the period. KBC Group NV grew its position in shares of PagerDuty by 89.5% in the fourth 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 period. Aster Capital Management DIFC Ltd acquired a new stake in shares of PagerDuty in the third quarter valued at about $59,000. State of Alaska Department of Revenue acquired a new stake in shares of PagerDuty in the third quarter valued at about $67,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of PagerDuty in the fourth quarter valued at about $68,000. Institutional investors and hedge funds 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.

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