PagerDuty (NYSE:PD) Stock Breaks Below 50-Day Moving Average – What’s Next?

Shares of PagerDuty (NYSE:PD) crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $15.58 and traded as low as $15.13. PagerDuty shares last traded at $15.5650, with a volume of 887,696 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PD. UBS Group set a $13.50 price target on PagerDuty in a research note on Wednesday, August 26th. Truist Financial raised their price objective on PagerDuty from $11.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Morgan Stanley lifted their price objective on PagerDuty from $9.00 to $10.00 and gave the company an “underweight” rating in a research note on Friday, August 28th. Canaccord Genuity Group boosted their target price on PagerDuty from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Finally, Weiss Ratings raised PagerDuty from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 18th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.81.

PagerDuty Stock Performance

The company has a market capitalization of $1.24 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 2.43 and a beta of 0.96. The business’s fifty day moving average is $15.65 and its two-hundred day moving average is $10.39. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.71.

PagerDuty (NYSE:PD) last issued its earnings results on Thursday, August 27th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. PagerDuty had a return on equity of 18.52% and a net margin of 37.50%. The business had revenue of $124.44 million for the quarter, compared to the consensus estimate of $123.27 million. During the same period last year, the business posted $0.30 EPS. The company’s revenue was up .8% compared to the same quarter last year. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. Equities research analysts predict that PagerDuty will post 0.69 earnings per share for the current year.

Insiders Place Their Bets

In other PagerDuty news, insider Jennifer Tejada sold 107,000 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $15.11, for a total transaction of $1,616,770.00. Following the transaction, the insider owned 1,563,251 shares in the company, valued at approximately $23,620,722.61. This represents a 6.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 178,445 shares of company stock valued at $2,830,480. 6.00% of the stock is currently owned by insiders.

Institutional Trading of PagerDuty

A number of large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp bought a new position in PagerDuty during the second quarter valued at approximately $7,629,000. Ieq Capital LLC grew its position in PagerDuty by 4.1% in the 3rd quarter. Ieq Capital LLC now owns 422,613 shares of the company’s stock worth $6,381,000 after purchasing an additional 16,614 shares during the period. Dimensional Fund Advisors LP bought a new stake in PagerDuty in the 1st quarter worth approximately $6,074,000. Glenmede Trust Co. NA grew its position in PagerDuty by 35.7% in the 1st quarter. Glenmede Trust Co. NA now owns 937,505 shares of the company’s stock worth $5,822,000 after purchasing an additional 246,482 shares during the period. Finally, Deutsche Bank AG purchased a new stake in PagerDuty during the 2nd quarter valued at $5,642,000. 97.26% of the stock is currently owned by institutional investors.

About PagerDuty

PagerDuty, Inc. provides cloud-based software for managing digital operations. Its PagerDuty Operations Cloud platform helps organizations detect and respond to technology incidents, coordinate response teams, automate operational workflows and reduce disruptions to digital services. The company’s products support incident management, AIOps, automation and customer service operations. They are used by IT, engineering, security and support teams to monitor systems, prioritize alerts and coordinate work across people and technology.