PagerDuty, Inc. (NYSE:PD) Given Consensus Rating of “Hold” by Brokerages

Shares of PagerDuty, Inc. (NYSE:PD) have received a consensus rating of “Hold” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $20.73.

PD has been the topic of a number of analyst reports. Canaccord Genuity Group cut their price objective on shares of PagerDuty from $24.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Royal Bank of Canada cut their price target on shares of PagerDuty from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Friday, March 14th. Truist Financial decreased their price objective on PagerDuty from $30.00 to $26.00 and set a “buy” rating for the company in a report on Friday, March 14th. Bank of America cut shares of PagerDuty from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $23.00 to $18.00 in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $21.00 price target on shares of PagerDuty in a research note on Wednesday, December 11th.

Insider Buying and Selling at PagerDuty

In other PagerDuty news, CEO Jennifer Tejada sold 1,569 shares of PagerDuty stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $20.00, for a total value of $31,380.00. Following the completion of the transaction, the chief executive officer now owns 868,311 shares of the company’s stock, valued at approximately $17,366,220. The trade was a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shelley Webb sold 7,879 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $18.19, for a total transaction of $143,319.01. Following the completion of the transaction, the insider now owns 199,122 shares of the company’s stock, valued at approximately $3,622,029.18. This trade represents a 3.81 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,048 shares of company stock worth $186,699. Insiders own 7.60% of the company’s stock.

Hedge Funds Weigh In On PagerDuty

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in PagerDuty by 285.8% during the third quarter. JPMorgan Chase & Co. now owns 1,263,841 shares of the company’s stock worth $23,444,000 after acquiring an additional 936,257 shares during the period. Marshall Wace LLP raised its position in shares of PagerDuty by 989.0% during the 4th quarter. Marshall Wace LLP now owns 721,953 shares of the company’s stock worth $13,183,000 after purchasing an additional 655,655 shares during the last quarter. Two Sigma Investments LP raised its position in shares of PagerDuty by 1,222.8% during the 4th quarter. Two Sigma Investments LP now owns 431,252 shares of the company’s stock worth $7,875,000 after purchasing an additional 398,650 shares during the last quarter. Two Sigma Advisers LP purchased a new position in PagerDuty in the 4th quarter valued at about $6,734,000. Finally, Raymond James Financial Inc. acquired a new stake in PagerDuty in the 4th quarter worth about $6,574,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

PagerDuty Stock Down 1.3 %

Shares of NYSE PD opened at $18.78 on Tuesday. PagerDuty has a 12-month low of $15.49 and a 12-month high of $23.40. The stock’s fifty day simple moving average is $18.44 and its two-hundred day simple moving average is $18.70. The stock has a market capitalization of $1.71 billion, a PE ratio of -23.47 and a beta of 1.12. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 3.52.

PagerDuty (NYSE:PD) last issued its quarterly earnings data on Thursday, March 13th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. PagerDuty had a negative return on equity of 22.02% and a negative net margin of 16.29%. The firm had revenue of $121.45 million during the quarter, compared to analysts’ expectations of $119.53 million. During the same period in the prior year, the business posted $0.17 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, analysts expect that PagerDuty will post -0.27 EPS for the current fiscal year.

PagerDuty announced that its Board of Directors has authorized a stock repurchase program on Thursday, March 13th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

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.