PagerDuty (NYSE:PD) Price Target Lowered to $20.00 at JPMorgan Chase & Co.

PagerDuty (NYSE:PD) had its price objective decreased by JPMorgan Chase & Co. from $21.00 to $20.00 in a research report released on Friday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other brokerages also recently commented on PD. Bank of America lowered their price objective on PagerDuty from $28.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. TD Cowen dropped their price objective on shares of PagerDuty from $23.00 to $19.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Canaccord Genuity Group decreased their price objective on shares of PagerDuty from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. The Goldman Sachs Group dropped their target price on PagerDuty from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Finally, Craig Hallum cut their price target on PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $21.82.

PagerDuty Price Performance

Shares of PD opened at $18.27 on Friday. The company has a market cap of $1.70 billion, a P/E ratio of -20.53 and a beta of 1.06. PagerDuty has a fifty-two week low of $16.46 and a fifty-two week high of $26.70. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.38. The firm’s 50 day moving average price is $18.43 and its 200 day moving average price is $19.79.

PagerDuty (NYSE:PD) last announced its quarterly earnings data on Tuesday, September 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The business had revenue of $115.94 million for the quarter, compared to analysts’ expectations of $116.52 million. PagerDuty had a negative return on equity of 25.83% and a negative net margin of 18.58%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.18) earnings per share. On average, research analysts forecast that PagerDuty will post -0.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Mitra Rezvan sold 2,942 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $18.06, for a total value of $53,132.52. Following the completion of the sale, the chief accounting officer now directly owns 108,449 shares of the company’s stock, valued at approximately $1,958,588.94. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Mitra Rezvan sold 2,942 shares of PagerDuty stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $18.06, for a total value of $53,132.52. Following the transaction, the chief accounting officer now directly owns 108,449 shares of the company’s stock, valued at $1,958,588.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jennifer Tejada sold 18,750 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $20.09, for a total transaction of $376,687.50. Following the completion of the sale, the chief executive officer now owns 1,010,861 shares of the company’s stock, valued at approximately $20,308,197.49. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,938 shares of company stock valued at $542,998. 7.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PagerDuty

Several hedge funds have recently made changes to their positions in the business. Quarry LP raised its stake in PagerDuty by 1,537.2% during the 2nd quarter. Quarry LP now owns 1,408 shares of the company’s stock valued at $32,000 after acquiring an additional 1,322 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of PagerDuty by 28.0% during the second quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company’s stock worth $53,000 after purchasing an additional 508 shares during the period. Fred Alger Management LLC lifted its holdings in shares of PagerDuty by 170.6% during the second quarter. Fred Alger Management LLC now owns 2,503 shares of the company’s stock worth $57,000 after purchasing an additional 1,578 shares during the period. Cambridge Trust Co. purchased a new position in PagerDuty in the 1st quarter valued at $68,000. Finally, Headlands Technologies LLC acquired a new position in PagerDuty in the 2nd quarter valued at $114,000. Institutional investors and hedge funds own 97.26% of the company’s stock.

PagerDuty Company Profile

PagerDuty, Inc engages in the operation of a digital operations management platform in the United States and internationally. The company’s digital operations management platform collects data and digital signals from virtually any software-enabled system or device and leverage machine learning to correlate, process, and predict opportunities and issues.