PagerDuty (NYSE:PD) Stock Rating Upgraded by Wall Street Zen

PagerDuty (NYSE:PD) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

Several other research analysts have also weighed in on the company. Morgan Stanley lowered their price objective on PagerDuty from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 26th. Weiss Ratings reiterated a “sell (d+)” rating on shares of PagerDuty in a report on Monday, December 29th. Zacks Research raised PagerDuty from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. Truist Financial decreased their target price on shares of PagerDuty from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, January 7th. Finally, Bank of America began coverage on shares of PagerDuty in a research note on Tuesday, December 2nd. They set an “underperform” rating and a $12.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.64.

PagerDuty Price Performance

PagerDuty stock opened at $11.17 on Friday. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.23. The company has a 50-day moving average price of $12.72 and a 200 day moving average price of $14.80. PagerDuty has a 12-month low of $10.66 and a 12-month high of $20.00. The stock has a market cap of $1.02 billion, a P/E ratio of 6.98, a PEG ratio of 2.99 and a beta of 0.63.

PagerDuty (NYSE:PD) last posted its earnings results on Tuesday, November 25th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.09. The company had revenue of $124.55 million for the quarter, compared to analyst estimates of $124.92 million. PagerDuty had a net margin of 31.12% and a return on equity of 10.27%. PagerDuty’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 EPS. PagerDuty has set its FY 2026 guidance at 1.110-1.120 EPS and its Q4 2026 guidance at 0.240-0.250 EPS. Sell-side analysts anticipate that PagerDuty will post -0.27 earnings per share for the current year.

Insider Activity at PagerDuty

In other PagerDuty news, Director Dan Alexandru Solomon sold 266,667 shares of the business’s stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $13.35, for a total value of $3,560,004.45. Following the completion of the transaction, the director owned 2,389,665 shares in the company, valued at $31,902,027.75. The trade was a 10.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 8.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PD. EverSource Wealth Advisors LLC lifted its stake in PagerDuty by 252.0% during the third quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company’s stock worth $27,000 after purchasing an additional 1,149 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in PagerDuty in the third quarter valued at approximately $59,000. State of Alaska Department of Revenue acquired a new stake in PagerDuty during the third quarter worth approximately $67,000. State of Tennessee Department of Treasury acquired a new stake in PagerDuty during the second quarter worth approximately $160,000. Finally, One68 Global Capital LLC purchased a new stake in shares of PagerDuty during the 3rd quarter worth approximately $165,000. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

About PagerDuty

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. Its platform includes PagerDuty Incident Management that provides a real-time view across the status of a digital service while incorporating noise reduction to remove false positives; AIOps that applies machine learning to correlate and automate the identification of incidents from billions of events; Process Automation offers centralized design time and run time environment for orchestrating automated workflows that span across departments, technologies, and networks; Customer Service Operations, which is offered to orchestrate, automate, and scale responses to customer impacting issues.