PagerDuty, Inc. (NYSE:PD) Given the average recommendation of “Hold” from analysts

Shares of PagerDuty, Inc. (NYSE:PD – Get Free Report ) has been assigned a consensus recommendation of “Hold” by the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $21.91.

PD has been the subject of several research reports. Morgan Stanley cut their price objective on shares of PagerDuty from $24.00 to $19.00 and set an “equal weight” rating for the company in a report on Wednesday, September 4th. Goldman Sachs Group cut their price target on shares of PagerDuty from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Scotiabank decreased their price objective on PagerDuty from $23.00 to $18.00 and set a “sector perform” rating on the stock in a research report on Wednesday, September 4th. TD Cowen cut their price target on PagerDuty from $23.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Finally, Bank of America decreased their price target on PagerDuty from $28.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th.

Read the latest stock analysis on PD

Insider buying and selling

In other news, insider Shelley Webb sold 5,732 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $21.98, for a total transaction of $125,989.36. Following the completion of the transaction, the insider now directly owns 235,657 shares in the company, valued at $5,179,740.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. In other PagerDuty news, CEO Jennifer Tejada sold 2,000 shares of the stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $22.00, for a total transaction of $44,000.00. Following the sale, the chief executive officer now directly owns 1,015,637 shares in the company, valued at approximately $22,344,014. The sale was disclosed in a filing with the SEC, which is accessible through the SEC’s website. Also, insider Shelley Webb sold 5,732 shares of PagerDuty stock in a transaction on Friday, July 5th. The stock was sold at an average price of $21.98, for a total value of $125,989.36. Following the completion of the sale, the insider now directly owns 235,657 shares of the company’s stock, valued at approximately $5,179,740.86. The disclosure for this sale can be found here. Insiders have sold 110,244 shares of company stock worth $2,316,980 over the last 90 days. Insiders own 7.60% of the company’s shares.

Institutional investors are stepping in on PagerDuty

Several institutional investors have recently modified their holdings of PD. First Horizon Advisors Inc. grew its position in PagerDuty by 28.0% during the second quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company’s stock valued at $53,000 after purchasing an additional 508 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of PagerDuty by 0.4% during the second quarter. Envestnet Asset Management Inc. now owns 123,247 shares of the company’s stock valued at $2,826,000 after buying an additional 542 shares during the period. Arizona State Retirement System raised its stake in shares of PagerDuty by 2.8% in the second quarter. Arizona State Retirement System now owns 24,667 shares of the company’s stock worth $566,000 after buying an additional 676 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of PagerDuty by 5.1% in the second quarter. Mackenzie Financial Corp now owns 17,735 shares of the company’s stock worth $407,000 after acquiring an additional 856 shares during the period. Finally, CWM LLC increased its position in PagerDuty by 7.2% in the second quarter. CWM LLC now owns 12,982 shares of the company’s stock valued at $298,000 after acquiring an additional 868 shares during the last quarter. 97.26% of shares are held by hedge funds and other institutional investors.

PagerDuty 0.4% Stock

Shares of NYSE:PD opened at $18.55 on Tuesday. The stock’s 50-day moving average is $19.04 and its 200-day moving average is $20.37. The company has a market cap of $1.73 billion, a PE ratio of -18.37 and a beta of 1.05. The company has a debt-to-equity ratio of 2.38, a current ratio of 2.13, and a quick ratio of 2.13. PagerDuty has a 1 year low of $16.46 and a 1 year high of $26.70.

PagerDuty (NYSE:PD – Get Your Free Report ) last posted its earnings results on Tuesday, September 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. The firm had revenue of $115.94 million for the quarter, compared to analysts’ expectations of $116.52 million. PagerDuty had a negative return on equity of 25.83% and a negative net margin of 18.58%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.18) earnings per share. sell-side analysts anticipate that PagerDuty will post -0.37 EPS for the current year.

PagerDuty Company Profile

(Get a free report

PagerDuty, Inc is engaged in operating 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 leverages machine learning to correlate, process and predict opportunities and issues.

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