PagerDuty (NYSE:PD) Cut to Hold at Wall Street Zen

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

Several other equities research analysts have also recently commented on PD. Morgan Stanley set a $9.00 target price on PagerDuty in a research note on Thursday, February 19th. Bank of America assumed coverage on PagerDuty in a research note on Tuesday, December 2nd. They set an “underperform” rating and a $12.00 price target on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of PagerDuty in a report on Monday, December 29th. Canaccord Genuity Group lowered their price objective on PagerDuty from $19.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Finally, Zacks Research cut PagerDuty from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, PagerDuty currently has a consensus rating of “Hold” and a consensus price target of $12.40.

PagerDuty Price Performance

Shares of PD stock opened at $6.01 on Monday. PagerDuty has a 1 year low of $5.91 and a 1 year high of $18.97. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 1.56. The firm’s 50 day moving average is $7.99 and its 200-day moving average is $12.20. The firm has a market capitalization of $510.81 million, a price-to-earnings ratio of 3.27, a PEG ratio of 2.67 and a beta of 0.73.

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

Insider Buying and Selling at PagerDuty

In other news, Director Dan Alexandru Solomon sold 266,667 shares of the business’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 completion of the transaction, the director directly owned 2,389,665 shares in the company, valued at approximately $31,902,027.75. The trade was a 10.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of PagerDuty by 17.1% in the third quarter. Vanguard Group Inc. now owns 12,593,954 shares of the company’s stock valued at $208,052,000 after buying an additional 1,840,407 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of PagerDuty by 333.2% during the third quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company’s stock worth $23,961,000 after acquiring an additional 1,115,577 shares during the period. Readystate Asset Management LP acquired a new stake in shares of PagerDuty during the third quarter worth $15,946,000. Alyeska Investment Group L.P. bought a new stake in PagerDuty in the 3rd quarter valued at $13,710,000. Finally, Danske Bank A S bought a new stake in PagerDuty in the 3rd quarter valued at $13,271,000. Institutional investors own 97.26% of the company’s stock.

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.