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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