PagerDuty, Inc. (NYSE:PD) Receives $21.82 Consensus Price Target from Analysts

PagerDuty, Inc. (NYSE:PD) has earned a consensus recommendation of “Hold” from the eleven research firms that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $21.82.

Several research firms have issued reports on PD. TD Cowen lowered their price objective on shares of PagerDuty from $23.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Canaccord Genuity Group lowered their price target on PagerDuty from $26.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. The Goldman Sachs Group reduced their price objective on PagerDuty from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Bank of America lowered their target price on PagerDuty from $28.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Finally, Robert W. Baird dropped their price target on PagerDuty from $22.00 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th.

PagerDuty Stock Up 4.2 %

Shares of NYSE:PD opened at $20.67 on Wednesday. The company has a debt-to-equity ratio of 2.38, a current ratio of 2.13 and a quick ratio of 2.13. The business has a 50 day simple moving average of $18.50 and a two-hundred day simple moving average of $19.58. PagerDuty has a 1 year low of $16.46 and a 1 year high of $26.70. The firm has a market capitalization of $1.92 billion, a PE ratio of -23.22 and a beta of 1.07.

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

Insider Activity at PagerDuty

In other PagerDuty news, CFO Howard Wilson sold 21,066 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $20.02, for a total transaction of $421,741.32. Following the sale, the chief financial officer now owns 545,742 shares of the company’s stock, valued at approximately $10,925,754.84. The trade was a 3.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jennifer Tejada sold 18,750 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $20.04, for a total transaction of $375,750.00. Following the completion of the transaction, the chief executive officer now directly owns 907,631 shares of the company’s stock, valued at approximately $18,188,925.24. This represents a 2.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,396 shares of company stock valued at $1,733,561 over the last 90 days. Insiders own 7.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. increased its stake in shares of PagerDuty by 6,298.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 55,410 shares of the company’s stock worth $1,270,000 after acquiring an additional 54,544 shares during the period. Jackson Square Capital LLC purchased a new stake in PagerDuty in the third quarter valued at $665,000. Clearline Capital LP acquired a new stake in PagerDuty during the 2nd quarter worth about $1,323,000. Natixis Advisors LLC raised its stake in shares of PagerDuty by 172.8% during the 2nd quarter. Natixis Advisors LLC now owns 39,733 shares of the company’s stock valued at $911,000 after buying an additional 25,170 shares during the last quarter. Finally, RGM Capital LLC raised its stake in shares of PagerDuty by 3.3% during the 2nd quarter. RGM Capital LLC now owns 4,504,394 shares of the company’s stock valued at $103,286,000 after buying an additional 143,701 shares during the last quarter. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

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.