Brokerages Set PagerDuty, Inc. (NYSE:PD) PT at $21.82

PagerDuty, Inc. (NYSE:PD) has been given an average recommendation of “Hold” by the eleven analysts that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $21.82.

Several equities research analysts have recently weighed in on PD shares. TD Cowen lowered their target price on shares of PagerDuty from $23.00 to $19.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Robert W. Baird decreased their price objective on shares of PagerDuty from $22.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Morgan Stanley decreased their price objective on shares of PagerDuty from $24.00 to $19.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 4th. Royal Bank of Canada decreased their price objective on shares of PagerDuty from $27.00 to $22.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. Finally, Canaccord Genuity Group decreased their price objective on shares of PagerDuty from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th.

Insider Buying and Selling at PagerDuty

In other PagerDuty news, CEO Jennifer Tejada sold 18,750 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $20.09, for a total transaction of $376,687.50. Following the transaction, the chief executive officer now directly owns 1,010,861 shares in the company, valued at approximately $20,308,197.49. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CAO Mitra Rezvan sold 2,942 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 108,449 shares in the company, valued at $1,958,588.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jennifer Tejada sold 18,750 shares of the stock in a transaction that occurred 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 in the company, valued at $20,308,197.49. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,938 shares of company stock worth $542,998. Company insiders own 7.60% of the company’s stock.

Institutional Trading of PagerDuty

A number of hedge funds have recently modified their holdings of the company. ARK Investment Management LLC raised its position in shares of PagerDuty by 12.5% in the 2nd quarter. ARK Investment Management LLC now owns 10,604,295 shares of the company’s stock valued at $243,156,000 after acquiring an additional 1,180,202 shares during the period. Vanguard Group Inc. raised its position in shares of PagerDuty by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 9,631,790 shares of the company’s stock valued at $218,449,000 after acquiring an additional 33,454 shares during the period. RGM Capital LLC raised its position in shares of PagerDuty by 3.3% in the 2nd quarter. RGM Capital LLC now owns 4,504,394 shares of the company’s stock valued at $103,286,000 after acquiring an additional 143,701 shares during the period. Janus Henderson Group PLC increased its stake in PagerDuty by 1.9% during the 1st quarter. Janus Henderson Group PLC now owns 3,450,388 shares of the company’s stock worth $78,254,000 after purchasing an additional 64,359 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in PagerDuty by 7.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 775,802 shares of the company’s stock worth $17,789,000 after purchasing an additional 54,841 shares in the last quarter. 97.26% of the stock is currently owned by institutional investors and hedge funds.

PagerDuty Stock Up 0.3 %

PD opened at $18.43 on Friday. The firm’s 50-day simple moving average is $18.36 and its 200-day simple moving average is $19.72. The company has a debt-to-equity ratio of 2.38, a quick ratio of 2.13 and a current ratio of 2.13. PagerDuty has a twelve month low of $16.46 and a twelve month high of $26.70. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of -18.25 and a beta of 1.06.

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

About PagerDuty

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.