PagerDuty, Inc. (NYSE:PD – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $20.26, but opened at $21.61. PagerDuty shares last traded at $21.73, with a volume of 383,079 shares changing hands.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on PD shares. Truist Financial upgraded PagerDuty from a “hold” rating to a “buy” rating and upped their price target for the stock from $25.00 to $30.00 in a report on Monday, March 18th. Robert W. Baird dropped their price target on shares of PagerDuty from $25.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, March 15th. Craig Hallum raised shares of PagerDuty from a “hold” rating to a “buy” rating and upped their price objective for the company from $21.00 to $30.00 in a research report on Wednesday. Finally, Canaccord Genuity Group dropped their target price on PagerDuty from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.75.
PagerDuty Stock Up 2.7 %
The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.59 and a current ratio of 2.59. The firm has a market capitalization of $1.99 billion, a P/E ratio of -20.95 and a beta of 1.00. The stock has a fifty day moving average price of $20.57 and a two-hundred day moving average price of $22.44.
PagerDuty (NYSE:PD – Get Free Report) last issued its quarterly earnings data on Thursday, March 14th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06). The company had revenue of $111.12 million for the quarter, compared to the consensus estimate of $110.50 million. PagerDuty had a negative return on equity of 28.38% and a negative net margin of 21.34%. Research analysts forecast that PagerDuty, Inc. will post -0.45 EPS for the current year.
Insiders Place Their Bets
In other PagerDuty news, CAO Mitra Rezvan sold 2,215 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $21.62, for a total transaction of $47,888.30. Following the completion of the transaction, the chief accounting officer now owns 119,452 shares in the company, valued at approximately $2,582,552.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Shelley Webb sold 6,859 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $22.39, for a total transaction of $153,573.01. Following the sale, the insider now directly owns 253,439 shares of the company’s stock, valued at $5,674,499.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mitra Rezvan sold 2,215 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $21.62, for a total value of $47,888.30. Following the transaction, the chief accounting officer now directly owns 119,452 shares in the company, valued at $2,582,552.24. The disclosure for this sale can be found here. 7.60% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Swiss National Bank boosted its stake in shares of PagerDuty by 1.9% during the 3rd quarter. Swiss National Bank now owns 192,600 shares of the company’s stock worth $4,332,000 after acquiring an additional 3,600 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of PagerDuty by 24.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 813,322 shares of the company’s stock worth $18,292,000 after acquiring an additional 160,706 shares in the last quarter. Pathstone Family Office LLC bought a new stake in shares of PagerDuty during the 3rd quarter worth about $947,000. State Board of Administration of Florida Retirement System boosted its stake in shares of PagerDuty by 4.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 25,338 shares of the company’s stock worth $570,000 after acquiring an additional 1,110 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of PagerDuty by 10.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 97,403 shares of the company’s stock worth $2,191,000 after acquiring an additional 9,354 shares in the last quarter. 97.26% of the stock is owned by institutional investors and hedge funds.
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.