PagerDuty (NYSE:PD) Sets New 1-Year High – Here’s Why

by · The Cerbat Gem

PagerDuty (NYSE:PD – Get Free Report) reached a new 52-week high during trading on Monday. The stock traded as high as $16.57 and last traded at $16.1810, with a volume of 97,283 shares traded. The stock had previously closed at $16.16.

Wall Street Analyst Weigh In

Several research firms have issued reports on PD. Morgan Stanley upped their target price on shares of PagerDuty from $9.00 to $10.00 and gave the company an “underweight” rating in a research note on Friday, August 28th. Canaccord Genuity Group raised their price target on shares of PagerDuty from $10.00 to $15.00 and gave the company a “buy” rating in a report on Friday, August 28th. TD Cowen reiterated a “buy” rating on shares of PagerDuty in a research note on Wednesday, August 26th. Truist Financial lifted their price target on shares of PagerDuty from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Finally, Wall Street Zen cut shares of PagerDuty from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.56.

Check Out Our Latest Research Report on PD

PagerDuty Price Performance

The stock has a market capitalization of $1.31 billion, a P/E ratio of 29.53, a PEG ratio of 2.51 and a beta of 0.97. The company has a debt-to-equity ratio of 1.71, a quick ratio of 2.02 and a current ratio of 2.02. The firm has a fifty day moving average price of $13.73 and a two-hundred day moving average price of $10.16.

PagerDuty (NYSE:PD – Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The company had revenue of $124.44 million during the quarter, compared to analyst estimates of $123.27 million. PagerDuty had a return on equity of 18.52% and a net margin of 37.50%. PagerDuty’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. As a group, analysts expect that PagerDuty will post 0.69 EPS for the current fiscal year.

Insider Transactions at PagerDuty

In other PagerDuty news, insider Jennifer Tejada sold 107,000 shares of the business’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $15.11, for a total transaction of $1,616,770.00. Following the completion of the sale, the insider directly owned 1,563,251 shares in the company, valued at $23,620,722.61. The trade was a 6.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 6.00% of the company’s stock.

Hedge Funds Weigh In On PagerDuty

Several institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP bought a new position in PagerDuty in the 1st quarter worth $6,074,000. Glenmede Trust Co. NA grew its holdings in PagerDuty by 35.7% during the first quarter. Glenmede Trust Co. NA now owns 937,505 shares of the company’s stock valued at $5,822,000 after purchasing an additional 246,482 shares during the period. Bank of New York Mellon Corp grew its holdings in PagerDuty by 44.5% during the first quarter. Bank of New York Mellon Corp now owns 816,688 shares of the company’s stock valued at $5,072,000 after purchasing an additional 251,651 shares during the period. Deutsche Bank AG bought a new stake in PagerDuty during the second quarter valued at about $5,642,000. Finally, Pacer Advisors Inc. increased its position in PagerDuty by 73.9% in the first quarter. Pacer Advisors Inc. now owns 569,907 shares of the company’s stock worth $3,539,000 after buying an additional 242,100 shares in the last quarter. Institutional investors own 97.26% of the company’s stock.

About PagerDuty

(Get Free Report)

PagerDuty, Inc (NYSE: PD) provides a cloud-based digital operations management platform designed to help organizations detect, respond to and resolve operational issues. Its services support incident management, on-call scheduling, escalation workflows and collaboration among technology, development, IT operations and business teams.

The company’s PagerDuty Operations Cloud combines real-time event monitoring, incident response, automation and artificial intelligence capabilities. Its products are intended to help customers identify disruptions, coordinate the appropriate responders, automate routine remediation and improve the reliability of digital services and customer experiences.

PagerDuty serves organizations across industries and geographies through a subscription-based software model.

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