PagerDuty (NYSE:PD) Reaches New 12-Month High - Still a Buy?

Key Points

• PagerDuty shares reached a new 52-week high of $16.57, trading around $16.18, well above the analyst consensus price target of $12.56. Analyst sentiment remains “Hold,” with three Buy, five Hold and two Sell ratings.
• The company slightly beat quarterly expectations, reporting EPS of $0.32 versus the $0.31 consensus and revenue of $124.44 million versus $123.27 million. Revenue increased 0.8% year over year, while management provided fiscal 2027 EPS guidance of $1.33–$1.37.
• Insider Jennifer Tejada sold 107,000 shares worth approximately $1.62 million under a pre-arranged Rule 10b5-1 plan; institutional investors and hedge funds own 97.26% of the stock.

PagerDuty (NYSE:PD - Get Free Report) shares hit a new 52-week high on Monday. The company traded as high as $16.57 and last traded at $16.1810, with a volume of 97,283 shares. The stock had previously closed at $16.16.

Analysts Set New Price Targets

Several analysts have issued reports on PD shares. Wall Street Zen downgraded PagerDuty from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. TD Cowen reiterated a "buy" rating on shares of PagerDuty in a report on Wednesday, August 26th. Weiss Ratings upgraded shares of PagerDuty from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, September 18th. Royal Bank Of Canada lifted their target price on shares of PagerDuty from $9.00 to $12.00 and gave the stock a "sector perform" rating in a research report on Friday, August 14th. Finally, UBS Group set a $13.50 price target on shares of PagerDuty in a report on Wednesday, August 26th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $12.56.

PagerDuty Trading Down 0.2%

The business's 50-day simple moving average is $13.52 and its 200-day simple moving average is $10.02. The company has a market cap of $1.27 billion, a PE ratio of 8.04, a P/E/G ratio of 2.50 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 posted its quarterly earnings results on Thursday, August 27th. The company reported $0.32 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $123.27 million. During the same period in the previous year, the company posted $0.30 EPS. PagerDuty's revenue was up .8% on a year-over-year basis. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. As a group, analysts expect that PagerDuty will post 0.69 EPS for the current fiscal year.

Insider Transactions at PagerDuty

In other PagerDuty news, insider Jennifer Tejada sold 107,000 shares of the business's stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $15.11, for a total value of $1,616,770.00. Following the transaction, the insider owned 1,563,251 shares in the company, valued at $23,620,722.61. The trade was a 6.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 6.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. CoreCap Advisors LLC acquired a new position in shares of PagerDuty during the 3rd quarter worth $38,000. IFP Advisors Inc raised its holdings in shares of PagerDuty by 68.8% during the 2nd quarter. IFP Advisors Inc now owns 2,862 shares of the company's stock valued at $28,000 after purchasing an additional 1,166 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of PagerDuty by 51.5% during the 3rd quarter. Versant Capital Management Inc now owns 3,494 shares of the company's stock valued at $53,000 after purchasing an additional 1,187 shares in the last quarter. WealthCollab LLC bought a new position in shares of PagerDuty during the 1st quarter valued at $25,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of PagerDuty by 1,219.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,976 shares of the company's stock valued at $31,000 after purchasing an additional 4,599 shares in the last quarter. 97.26% of the stock is owned by institutional investors and hedge funds.

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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