PagerDuty (NYSE:PD) Sets New 1-Year High - Should You Buy?

Key Points

• PagerDuty shares reached a new 52-week high of $17.58, but analysts’ consensus rating remains “Hold,” with an average price target of $12.56. Three analysts rate it Buy, five Hold, and two Sell.
• The company slightly exceeded quarterly expectations, reporting EPS of $0.32 versus a $0.31 estimate and revenue of $124.44 million versus $123.27 million expected. Quarterly revenue increased 0.8% year over year.
• Insiders have been net sellers, including CEO Jennifer Tejada’s sale of 57,500 shares, while institutional investors own a substantial 97.26% of outstanding shares.

PagerDuty (NYSE:PD - Get Free Report) shares hit a new 52-week high during trading on Monday. The company traded as high as $17.58 and last traded at $17.5250, with a volume of 31,744 shares trading hands. The stock had previously closed at $17.49.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Truist Financial upped their target price on PagerDuty from $11.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. Canaccord Genuity Group upped their target price on shares of PagerDuty from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, August 28th. Morgan Stanley increased their price target on shares of PagerDuty from $9.00 to $10.00 and gave the stock an "underweight" rating in a research report on Friday, August 28th. Weiss Ratings raised PagerDuty from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, September 18th. Finally, TD Cowen reiterated a "buy" rating on shares of PagerDuty in a research note on Wednesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $12.56.

PagerDuty Stock Performance

The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 1.71. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 2.71 and a beta of 0.97. The stock's 50-day simple moving average is $14.58 and its 200 day simple moving average is $10.76.

PagerDuty (NYSE:PD - Get Free Report) last posted its earnings results on Thursday, August 27th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. PagerDuty had a net margin of 37.50% and a return on equity of 18.52%. The company had revenue of $124.44 million during the quarter, compared to analysts' expectations of $123.27 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. PagerDuty's quarterly revenue was up .8% compared to the same quarter last year. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. Analysts expect that PagerDuty will post 0.69 earnings per share for the current fiscal year.

Insider Buying and Selling at PagerDuty

In other news, insider Jennifer Tejada sold 57,500 shares of PagerDuty stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $17.16, for a total value of $986,700.00. Following the completion of the sale, the insider directly owned 1,434,541 shares of the company's stock, valued at approximately $24,616,723.56. This trade represents a 3.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 172,500 shares of company stock valued at $2,723,470 over the last three months. Company insiders own 6.00% of the company's stock.

Institutional Trading of PagerDuty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WealthCollab LLC acquired a new stake in shares of PagerDuty during the 1st quarter worth approximately $25,000. IFP Advisors Inc lifted its holdings in PagerDuty by 68.8% in the second quarter. IFP Advisors Inc now owns 2,862 shares of the company's stock valued at $28,000 after buying an additional 1,166 shares during the period. PNC Financial Services Group Inc. lifted its holdings in PagerDuty by 1,219.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,976 shares of the company's stock valued at $31,000 after buying an additional 4,599 shares during the period. EverSource Wealth Advisors LLC boosted its stake in PagerDuty by 419.3% in the first quarter. EverSource Wealth Advisors LLC now owns 5,136 shares of the company's stock valued at $32,000 after acquiring an additional 4,147 shares during the last quarter. Finally, Optiver Holding B.V. grew its holdings in PagerDuty by 5,699.0% during the 1st quarter. Optiver Holding B.V. now owns 6,031 shares of the company's stock worth $37,000 after acquiring an additional 5,927 shares during the period. 97.26% of the stock is currently owned by institutional investors and hedge funds.

About PagerDuty

PagerDuty, Inc is a technology company that provides digital operations management software for organizations. Its platform helps businesses detect, triage and respond to operational issues affecting applications, infrastructure, services and customer experiences.

The company's products include incident response, event intelligence, AIOps, process automation and customer service operations capabilities. PagerDuty integrates with monitoring, development, collaboration and information technology tools to help teams centralize alerts, automate workflows, coordinate responses and reduce the impact of service disruptions.

Founded in 2009, PagerDuty is headquartered in San Francisco and serves organizations across multiple industries and geographic markets worldwide.

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