PagerDuty (NYSE:PD) Price Target Raised to $14.00

PagerDuty (NYSE:PD) had its target price lifted by Royal Bank Of Canada from $12.00 to $14.00 in a research note released on Monday morning,Benzinga reports. They currently have a sector perform rating on the stock.

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

PagerDuty Trading Up 0.6%

NYSE:PD opened at $15.66 on Monday. The firm’s fifty day moving average is $15.61 and its 200-day moving average is $10.37. The company has a debt-to-equity ratio of 1.71, a quick ratio of 2.02 and a current ratio of 2.02. PagerDuty has a 52 week low of $5.70 and a 52 week high of $18.06. The firm has a market cap of $1.23 billion, a P/E ratio of 7.83, a P/E/G ratio of 2.41 and a beta of 0.96.

PagerDuty (NYSE:PD) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. PagerDuty had a net margin of 37.50% and a return on equity of 18.52%. The company had revenue of $124.44 million during the quarter, compared to analysts’ expectations of $123.27 million. During the same period in the prior year, the company posted $0.30 earnings per share. PagerDuty’s revenue for the quarter 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 analysts expect that PagerDuty will post 0.69 earnings per share for the current year.

Insider Buying and Selling at PagerDuty

In related news, insider Jennifer Tejada sold 5,945 shares of the business’s stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $18.00, for a total transaction of $107,010.00. Following the transaction, the insider owned 1,431,596 shares in the company, valued at $25,768,728. The trade was a 0.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 178,445 shares of company stock valued at $2,830,480. Insiders own 6.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PD. WealthCollab LLC bought a new stake in PagerDuty in the first quarter valued at $25,000. IFP Advisors Inc raised its holdings in shares of PagerDuty by 68.8% during the second quarter. IFP Advisors Inc now owns 2,862 shares of the company’s stock valued at $28,000 after purchasing an additional 1,166 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of PagerDuty by 1,219.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,976 shares of the company’s stock worth $31,000 after purchasing an additional 4,599 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of PagerDuty by 419.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,136 shares of the company’s stock worth $32,000 after purchasing an additional 4,147 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in shares of PagerDuty by 629.8% during the 3rd quarter. Global Retirement Partners LLC now owns 2,255 shares of the company’s stock worth $34,000 after purchasing an additional 1,946 shares in the last quarter. 97.26% of the stock is 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.