PagerDuty Target of Unusually Large Options Trading (NYSE:PD)

PagerDuty (NYSE:PD) was the recipient of some unusual options trading on Wednesday. Investors bought 13,737 put options on the stock. This represents an increase of 794% compared to the typical daily volume of 1,536 put options.

Insider Activity at PagerDuty

In related news, Director Dan Alexandru Solomon sold 266,667 shares of the firm’s stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of $13.35, for a total transaction of $3,560,004.45. Following the transaction, the director directly owned 2,389,665 shares of the company’s stock, valued at approximately $31,902,027.75. This trade represents a 10.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 8.00% of the company’s stock.

Institutional Investors Weigh In On PagerDuty

Several institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in PagerDuty by 252.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company’s stock worth $27,000 after acquiring an additional 1,149 shares during the last quarter. KBC Group NV boosted its holdings in shares of PagerDuty by 89.5% during the fourth quarter. KBC Group NV now owns 4,402 shares of the company’s stock worth $58,000 after purchasing an additional 2,079 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of PagerDuty in the third quarter worth about $59,000. State of Alaska Department of Revenue purchased a new position in PagerDuty during the 3rd quarter valued at about $67,000. Finally, Kestra Advisory Services LLC purchased a new position in PagerDuty during the 4th quarter valued at about $68,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

PagerDuty Price Performance

PD opened at $6.32 on Friday. The stock’s 50 day simple moving average is $8.09 and its 200 day simple moving average is $12.33. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.01 and a quick ratio of 2.01. PagerDuty has a 1 year low of $6.15 and a 1 year high of $19.43. The firm has a market cap of $536.64 million, a price-to-earnings ratio of 3.43, a PEG ratio of 2.81 and a beta of 0.73.

PagerDuty (NYSE:PD) last announced its quarterly earnings results on Thursday, March 12th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. The business had revenue of $124.79 million for the quarter, compared to analysts’ expectations of $122.96 million. PagerDuty had a return on equity of 16.29% and a net margin of 35.30%.The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 EPS. PagerDuty has set its Q1 2027 guidance at 0.230-0.250 EPS and its FY 2027 guidance at 1.230-1.280 EPS. As a group, analysts predict that PagerDuty will post -0.27 earnings per share for the current year.

Wall Street Analyst Weigh In

PD has been the topic of a number of recent research reports. Truist Financial reduced their price target on shares of PagerDuty from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. TD Cowen lowered their price objective on shares of PagerDuty from $20.00 to $10.00 and set a “buy” rating for the company in a report on Friday, March 13th. Canaccord Genuity Group cut their price objective on shares of PagerDuty from $19.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Morgan Stanley set a $9.00 target price on shares of PagerDuty in a report on Thursday, February 19th. Finally, Royal Bank Of Canada decreased their target price on shares of PagerDuty from $9.00 to $8.00 and set a “sector perform” rating on the stock in a research report on Friday, March 13th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, PagerDuty has an average rating of “Hold” and a consensus price target of $12.40.

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. 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.