PagerDuty (NYSE:PD) Stock Price Up 8% - Here's Why

Key Points

• Shares jumped 8% on Friday to $6.65 (intraday high $6.61) on volume of 717,163 shares, about 77% below the stock's average daily volume.
• PagerDuty beat quarterly estimates with $0.29 EPS vs. $0.24 expected and $124.79M revenue vs. $122.96M, and issued Q1 2027 guidance of $0.230–0.250 EPS and FY2027 guidance of $1.230–1.280 EPS while reporting a 35.3% net margin.
• Analyst sentiment is mixed — the consensus is an "Hold" with an average price target of $12.40 (3 Buys, 7 Holds, 3 Sells) — and institutional investors own 97.26% of the stock, with large holders like Vanguard and ARK increasing positions; market cap is ~$584M with a P/E of 3.74.

PagerDuty (NYSE:PD - Get Free Report)'s share price traded up 8% on Friday . The company traded as high as $6.61 and last traded at $6.65. 717,163 shares were traded during mid-day trading, a decline of 77% from the average session volume of 3,090,216 shares. The stock had previously closed at $6.16.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PD shares. Weiss Ratings reissued a "sell (d+)" rating on shares of PagerDuty in a report on Monday, December 29th. TD Cowen dropped their target price on PagerDuty from $20.00 to $10.00 and set a "buy" rating on the stock in a report on Friday, March 13th. Zacks Research cut shares of PagerDuty from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 26th. Morgan Stanley set a $9.00 price objective on PagerDuty in a report on Thursday, February 19th. Finally, Wall Street Zen upgraded shares of PagerDuty from a "hold" rating to a "buy" rating in a research report on Tuesday, April 7th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $12.40.

PagerDuty Trading Up 11.6%

The firm has a market cap of $584.15 million, a price-to-earnings ratio of 3.74, a price-to-earnings-growth ratio of 2.98 and a beta of 0.78. The business has a 50 day moving average of $6.72 and a 200 day moving average of $10.94. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 1.56.

PagerDuty (NYSE:PD - Get Free Report) last announced its earnings results on Thursday, March 12th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.05. The firm had revenue of $124.79 million during the quarter, compared to the consensus estimate of $122.96 million. PagerDuty had a net margin of 35.30% and a return on equity of 16.29%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.22 EPS. 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, research analysts forecast that PagerDuty will post 0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in PagerDuty by 78.3% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 323,951 shares of the company's stock worth $5,352,000 after buying an additional 142,232 shares during the last quarter. ARK Investment Management LLC grew its holdings in PagerDuty by 2.6% in the third quarter. ARK Investment Management LLC now owns 8,827,404 shares of the company's stock valued at $145,829,000 after purchasing an additional 224,769 shares during the period. Vanguard Group Inc. lifted its holdings in shares of PagerDuty by 17.1% during the 3rd quarter. Vanguard Group Inc. now owns 12,593,954 shares of the company's stock valued at $208,052,000 after acquiring an additional 1,840,407 shares in the last quarter. Readystate Asset Management LP purchased a new position in PagerDuty in the third quarter valued at about $15,946,000. Finally, SG Americas Securities LLC acquired a new position in shares of PagerDuty during the third quarter worth about $4,312,000. Hedge funds and other 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.

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