PagerDuty, Inc. (NYSE:PD – Get Rating) shares received an average recommendation of “moderate buy” from the twelve brokerages that cover the company, Marketbeat.com reports. Two research analysts rated the stock with a hold rating and six assigned the company a buy rating. The 1-year average target price among brokers who have hedged the stock over the past year is $35.41.

A number of equity research analysts have weighed in on the stock recently. Craig Hallum lowered his price target on PagerDuty shares to $32.00 in a Friday, Dec. 2 report. Credit Suisse Group began covering PagerDuty shares in a report on Friday, September 23. They issued an “outperform” rating and a price target of $32.00 on the stock. Morgan Stanley raised its price target on PagerDuty shares from $31.00 to $32.00 and gave the company an “equal weight” rating in a Friday, Dec. 2 report. Canaccord Genuity Group lowered its price target on PagerDuty shares from $32.00 to $31.00 in a Monday, Dec. 5 report. Finally, Robert W. Baird lowered his price target on PagerDuty shares from $35.00 to $32.00 in a Friday, Dec. 2 report.

PagerDuty Stock Performance

Shares of PD opened at $27.72 on Friday. The company has a market capitalization of $2.49 billion, a PE ratio of -18.24 and a beta of 0.89. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt ratio of 1.18. PagerDuty has a 12 month minimum of $19.51 and a 12 month maximum of $38.75. The company’s 50-day simple moving average is $24.22 and its 200-day simple moving average is $24.79.

PagerDuty (NYSE:PD – Get Rating) last reported quarterly earnings data on Thursday, December 1. The company reported ($0.31) earnings per share for the quarter, missing analyst consensus estimates of ($0.28) by ($0.03). The company posted revenue of $94.20 million for the quarter, compared to $92.77 million expected by analysts. PagerDuty had a negative net margin of 38.11% and a negative return on equity of 47.15%. Analysts expect PagerDuty to post -1.3 earnings per share for the current fiscal year.

Insider Trading at PagerDuty

Separately, CRO Dave Justice sold 2,186 shares of the company in a trade dated Thursday, December 22. The shares were sold at an average price of $26.60, for a total transaction of $58,147.60. Following completion of the transaction, the executive now owns 397,861 shares of the company, valued at approximately $10,583,102.60. The transaction was disclosed in a legal filing with the SEC, accessible via the SEC’s website. Separately, CFO Howard Wilson sold 20,000 shares of the company in a transaction dated Monday, October 31. The shares were sold at an average price of $25.09, for a total transaction of $501,800.00. Following the completion of the transaction, the CFO now owns 418,408 shares of the company, valued at approximately $10,497,856.72. The transaction was disclosed in a legal filing with the SEC, accessible via the SEC’s website. Additionally, CRO Dave Justice sold 2,186 shares of the company in a trade dated Thursday, Dec. 22. The stock was sold at an average price of $26.60, for a total transaction of $58,147.60. As a result of the transaction, the executive now owns 397,861 shares of the company, valued at approximately $10,583,102.60. The disclosure of this sale can be found here. Insiders sold a total of 72,112 shares of the company valued at $1,833,147 over the past ninety days. 8.70% of the shares are currently held by company insiders.

PagerDuty Institutional Trade

A number of hedge funds have recently bought and sold shares of PD. ARK Investment Management LLC increased its stake in PagerDuty by 6.0% in Q2. ARK Investment Management LLC now owns 10,882,979 shares of the company valued at $268,265,000 after acquiring an additional 615,438 shares in the last quarter. Goldman Sachs Group Inc. raised its position in PagerDuty shares by 47.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,099,664 shares of the company valued at $37,598,000 after purchasing an additional 353,682 shares during the period. GMT Capital Corp purchased a new equity stake in PagerDuty during Q2 valued at approximately $7,471,000. Renaissance Technologies LLC purchased a new stake in PagerDuty stock during Q1 worth approximately $8,527,000. Finally, Great West Life Assurance Co. Can purchased a new equity stake in PagerDuty during Q3 valued at approximately $4,847,000. Institutional investors and hedge funds own 90.66% of the company’s shares.

PagerDuty Company Profile

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PagerDuty, Inc operates a digital operations management platform in the United States, Japan and internationally. Its digital operations management platform collects digital signals of data from virtually any software-enabled system or device, and leverages powerful machine learning to correlate, process and predict opportunities and issues. .

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Analyst Recommendations for PagerDuty (NYSE: PD)

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

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