PagerDuty (NYSE:PD) Share Price Crosses Below 50-Day Moving Average - Should You Sell?

Key Points

• PagerDuty shares dipped below their 50-day moving average of $15.58, trading as low as $15.13 before last changing hands at $15.565.
• Analysts’ consensus rating is Hold, based on three Buy, five Hold and two Sell ratings; the average price target is $12.81, below the reported share price.
• The company slightly beat quarterly earnings and revenue estimates, reporting $0.32 EPS and $124.44 million in revenue; revenue rose 0.8% year over year.

PagerDuty (NYSE:PD - Get Free Report)'s stock price passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $15.58 and traded as low as $15.13. PagerDuty shares last traded at $15.5650, with a volume of 887,696 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on PD shares. UBS Group set a $13.50 price objective on shares of PagerDuty in a report on Wednesday, August 26th. Morgan Stanley increased their target price on shares of PagerDuty from $9.00 to $10.00 and gave the company an "underweight" rating in a report on Friday, August 28th. Canaccord Genuity Group raised their price target on shares of PagerDuty from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, August 28th. Weiss Ratings raised shares of PagerDuty from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, September 18th. Finally, Wall Street Zen cut shares of PagerDuty from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Three investment 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, PagerDuty has an average rating of "Hold" and a consensus price target of $12.81.

PagerDuty Stock Down 0.6%

The stock's 50-day moving average price is $15.58 and its two-hundred day moving average price is $10.35. The stock has a market capitalization of $1.22 billion, a P/E ratio of 7.78, a P/E/G ratio of 2.42 and a beta of 0.96. 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, topping 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 for the quarter, compared to analysts' expectations of $123.27 million. During the same quarter in the previous year, the firm 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, research analysts expect that PagerDuty will post 0.69 earnings per share for the current fiscal year.

Insider Activity at PagerDuty

In other PagerDuty news, insider Jennifer Tejada sold 107,000 shares of the company's stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $15.11, for a total transaction of $1,616,770.00. Following the sale, the insider directly owned 1,563,251 shares of the company's stock, valued at $23,620,722.61. This represents a 6.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 178,445 shares of company stock worth $2,830,480. 6.00% of the stock is owned by corporate insiders.

Institutional Trading of PagerDuty

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP bought a new stake in PagerDuty during the 1st quarter worth approximately $6,074,000. Bank of New York Mellon Corp purchased a new stake in PagerDuty during the second quarter valued at about $7,629,000. Deutsche Bank AG purchased a new stake in PagerDuty during the second quarter valued at about $5,642,000. GC Wealth Management RIA LLC bought a new stake in PagerDuty during the first quarter worth about $2,552,000. Finally, Ieq Capital LLC bought a new stake in PagerDuty during the second quarter worth about $3,918,000. Institutional investors own 97.26% of the company's stock.

PagerDuty Company Profile

PagerDuty, Inc. provides cloud-based software for managing digital operations. Its PagerDuty Operations Cloud platform helps organizations detect and respond to technology incidents, coordinate response teams, automate operational workflows and reduce disruptions to digital services. The company's products support incident management, AIOps, automation and customer service operations. They are used by IT, engineering, security and support teams to monitor systems, prioritize alerts and coordinate work across people and technology.

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