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 Price Performance

Shares of PagerDuty stock traded down $1.05 during trading on Wednesday, hitting $27.15. 612,695 shares of the company were exchanged, compared to its average volume of 1,248,201. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 1.10. The firm has a 50 day moving average price of $26.37 and a 200 day moving average price of $28.94. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of -20.12 and a beta of 1.09. PagerDuty has a fifty-two week low of $21.72 and a fifty-two week high of $50.33.

PagerDuty (NYSE:PD - Get Rating) last released its quarterly earnings results on Thursday, June 2nd. The company reported ($0.33) earnings per share for the quarter, missing analysts' consensus estimates of ($0.27) by ($0.06). The company had revenue of $85.37 million during the quarter, compared to analyst estimates of $82.67 million. PagerDuty had a negative return on equity of 41.92% and a negative net margin of 38.83%. The business's revenue was up 34.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.27) earnings per share. On average, equities analysts expect that PagerDuty will post -1.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on PD shares. Monness Crespi & Hardt downgraded PagerDuty from a "buy" rating to a "neutral" rating in a research note on Friday, August 12th. Morgan Stanley lowered their price target on shares of PagerDuty from $49.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 19th. Cowen reduced their price objective on shares of PagerDuty to $40.00 in a research note on Friday, May 27th. Craig Hallum decreased their price objective on shares of PagerDuty from $45.00 to $37.00 and set a "buy" rating on the stock in a report on Friday, June 3rd. Finally, Canaccord Genuity Group began coverage on shares of PagerDuty in a report on Thursday, July 7th. They issued a "buy" rating and a $32.00 target price for the company. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.35.

Insiders Place Their Bets

In related news, CEO Jennifer Tejada sold 75,000 shares of the company's stock in a transaction that occurred on Friday, June 24th. The shares were sold at an average price of $28.14, for a total transaction of $2,110,500.00. Following the transaction, the chief executive officer now owns 37,952 shares of the company's stock, valued at $1,067,969.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Jennifer Tejada sold 75,000 shares of PagerDuty stock in a transaction on Friday, June 24th. The stock was sold at an average price of $28.14, for a total value of $2,110,500.00. Following the completion of the sale, the chief executive officer now owns 37,952 shares of the company's stock, valued at $1,067,969.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Dave Justice sold 2,812 shares of the business's stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $24.89, for a total value of $69,990.68. Following the completion of the sale, the executive now directly owns 453,676 shares of the company's stock, valued at $11,291,995.64. The disclosure for this sale can be found here. Insiders have sold 230,768 shares of company stock valued at $6,404,990 in the last ninety days. Insiders own 8.70% of the company's stock.