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

PagerDuty (NYSE:PD) was the recipient of unusually large options trading on Wednesday. Stock traders purchased 13,737 put options on the stock. This represents an increase of approximately 794% compared to the typical volume of 1,536 put options.

Insider Buying and Selling

In other PagerDuty news, Director Dan Alexandru Solomon sold 266,667 shares of the firm’s stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $13.35, for a total value of $3,560,004.45. Following the completion of the sale, the director 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PD. EverSource Wealth Advisors LLC grew its holdings in PagerDuty by 252.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company’s stock valued at $27,000 after buying an additional 1,149 shares during the last quarter. KBC Group NV lifted its position in shares of PagerDuty by 89.5% in the fourth quarter. KBC Group NV now owns 4,402 shares of the company’s stock valued at $58,000 after acquiring an additional 2,079 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of PagerDuty in the third quarter valued at $59,000. State of Alaska Department of Revenue acquired a new stake in shares of PagerDuty during the third quarter valued at $67,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of PagerDuty during the fourth quarter valued at $68,000. 97.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PD shares. Truist Financial cut their price target on shares of PagerDuty from $12.00 to $9.00 and set a “buy” rating for the company in a report on Friday, March 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of PagerDuty in a report on Monday, December 29th. Morgan Stanley set a $9.00 target price on shares of PagerDuty in a research report on Thursday, February 19th. Canaccord Genuity Group reduced their price target on shares of 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 lowered PagerDuty from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.40.

PagerDuty Price Performance

Shares of PagerDuty stock traded down $0.21 on Wednesday, hitting $6.29. The company’s stock had a trading volume of 1,354,508 shares, compared to its average volume of 3,346,491. PagerDuty has a 52-week low of $6.15 and a 52-week high of $19.68. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 1.56. The firm has a fifty day moving average price of $8.31 and a 200-day moving average price of $12.42. The company has a market capitalization of $534.10 million, a P/E ratio of 3.42, a price-to-earnings-growth ratio of 3.15 and a beta of 0.73.

PagerDuty (NYSE:PD) last posted its earnings results on Thursday, March 12th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.05. The firm had revenue of $124.79 million during the quarter, compared to the consensus estimate of $122.96 million. PagerDuty had a net margin of 35.30% and a return on equity of 16.29%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $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. On average, equities research analysts expect that PagerDuty will post -0.27 earnings per share for the current fiscal year.

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.