PagerDuty, Inc. (NYSE:PD – Get Free Report) shares gapped down prior to trading on Friday after Craig Hallum lowered their price target on the stock from $26.00 to $25.00. The stock had previously closed at $25.76, but opened at $22.72. PagerDuty shares last traded at $23.96, with a volume of 915,995 shares.
Several other analysts also recently weighed in on the company. Royal Bank of Canada lowered their price objective on PagerDuty from $37.00 to $32.00 in a research report on Friday, June 2nd. Robert W. Baird downgraded shares of PagerDuty from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $32.00 to $25.00 in a research note on Friday. Finally, Truist Financial dropped their target price on shares of PagerDuty from $30.00 to $25.00 in a report on Friday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.00.
Insider Activity at PagerDuty
In related news, Director Rathi Murthy sold 45,000 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $21.44, for a total value of $964,800.00. Following the transaction, the director now owns 23,375 shares of the company’s stock, valued at $501,160. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Howard Wilson sold 4,260 shares of the stock in a transaction on Friday, July 14th. The shares were sold at an average price of $25.03, for a total value of $106,627.80. Following the completion of the sale, the chief financial officer now directly owns 557,046 shares of the company’s stock, valued at $13,942,861.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Rathi Murthy sold 45,000 shares of the stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $21.44, for a total transaction of $964,800.00. Following the sale, the director now directly owns 23,375 shares of the company’s stock, valued at $501,160. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,470 shares of company stock worth $1,101,691. 7.90% of the stock is owned by insiders.
Institutional Trading of PagerDuty
Hedge funds have recently bought and sold shares of the stock. Raymond James & Associates raised its stake in shares of PagerDuty by 0.6% in the second quarter. Raymond James & Associates now owns 70,179 shares of the company’s stock valued at $1,578,000 after acquiring an additional 432 shares during the period. Victory Capital Management Inc. raised its position in PagerDuty by 5.2% in the 1st quarter. Victory Capital Management Inc. now owns 9,477 shares of the company’s stock worth $332,000 after purchasing an additional 471 shares during the period. American International Group Inc. lifted its stake in PagerDuty by 1.3% in the fourth quarter. American International Group Inc. now owns 40,906 shares of the company’s stock worth $1,086,000 after purchasing an additional 508 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of PagerDuty by 1.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 34,383 shares of the company’s stock valued at $913,000 after buying an additional 518 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in PagerDuty by 5.7% during the 2nd quarter. Principal Financial Group Inc. now owns 10,075 shares of the company’s stock valued at $226,000 after acquiring an additional 547 shares during the period. Hedge funds and other institutional investors own 89.94% of the company’s stock.
PagerDuty Trading Down 7.1 %
The company has a debt-to-equity ratio of 1.12, a current ratio of 2.41 and a quick ratio of 2.41. The stock has a market capitalization of $2.21 billion, a P/E ratio of -19.94 and a beta of 0.87. The stock’s fifty day moving average price is $23.87 and its 200 day moving average price is $27.32.
PagerDuty (NYSE:PD – Get Free Report) last released its quarterly earnings data on Thursday, June 1st. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.11. The firm had revenue of $103.25 million for the quarter, compared to the consensus estimate of $103.25 million. PagerDuty had a negative net margin of 27.74% and a negative return on equity of 35.07%. The company’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period last year, the firm earned ($0.33) earnings per share. Research analysts forecast that PagerDuty, Inc. will post -0.57 earnings per share for the current year.
PagerDuty Company Profile
PagerDuty, Inc engages in the operation of a digital operations management platform in the United States, EMEA, the Asia Pacific, and Japan. The company’s digital operations management platform collects data and digital signals from virtually any software-enabled system or device and leverage powerful machine learning to correlate, process, and predict opportunities and issues.