PagerDuty - PD Stock Forecast, Price & News

PagerDuty, Inc. operates a digital operations management platform in the United States, Japan, and internationally. Its digital operations management platform collects data digital signals from virtually any software-enabled system or device, and leverage powerful machine learning to correlate, process, and predict opportunities and issues. It serves various industries, including software and technology, telecommunications, retail, travel and hospitality, media and entertainment, and financial services. PagerDuty, Inc. was founded in 2009 and is headquartered in San Francisco, California.

PagerDuty Stock Performance

PD traded up $0.51 during trading hours on Monday, hitting $29.15. The company's stock had a trading volume of 615,575 shares, compared to its average volume of 1,255,552. PagerDuty has a fifty-two week low of $21.72 and a fifty-two week high of $50.33. The company has a 50-day simple moving average of $26.37 and a 200 day simple moving average of $28.94. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $2.56 billion, a PE ratio of -21.12 and a beta of 1.09.

PagerDuty (NYSE:PD - Get Rating) last posted its quarterly earnings results on Thursday, June 2nd. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.06). PagerDuty had a negative net margin of 38.83% and a negative return on equity of 41.92%. The company had revenue of $85.37 million during the quarter, compared to the consensus estimate of $82.67 million. During the same period in the prior year, the company posted ($0.27) EPS. PagerDuty's quarterly revenue was up 34.3% on a year-over-year basis. As a group, sell-side analysts expect that PagerDuty will post -1.25 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PD shares. Robert W. Baird dropped their target price on shares of PagerDuty from $47.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, June 3rd. Monness Crespi & Hardt downgraded PagerDuty from a "buy" rating to a "neutral" rating in a research report on Friday. Royal Bank of Canada dropped their target price on shares of PagerDuty from $46.00 to $41.00 in a research report on Tuesday, May 31st. Cowen cut their price target on shares of PagerDuty to $40.00 in a report on Friday, May 27th. Finally, Morgan Stanley lowered their target price on PagerDuty from $49.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 19th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, PagerDuty currently has a consensus rating of "Moderate Buy" and an average target price of $43.35.

Insider Buying and Selling

In related news, Director Elena Gomez sold 25,166 shares of the firm's stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $25.03, for a total value of $629,904.98. Following the transaction, the director now directly owns 18,409 shares in the company, valued at approximately $460,777.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Elena Gomez sold 25,166 shares of the business's stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $25.03, for a total value of $629,904.98. Following the transaction, the director now directly owns 18,409 shares of the company's stock, valued at approximately $460,777.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jennifer Tejada sold 68,814 shares of the firm's stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $29.25, for a total transaction of $2,012,809.50. Following the completion of the transaction, the chief executive officer now directly owns 682,987 shares in the company, valued at approximately $19,977,369.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 230,768 shares of company stock worth $6,404,990. Insiders own 8.70% of the company's stock.