Wall Street Zen Downgrades PagerDuty (NYSE:PD) to Hold

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

Several other equities research analysts have also commented on the stock. Canaccord Genuity Group reissued a “buy” rating and issued a $19.00 price target on shares of PagerDuty in a report on Wednesday, November 26th. TD Cowen dropped their target price on shares of PagerDuty from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Royal Bank Of Canada cut shares of PagerDuty from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $17.00 to $15.00 in a research note on Monday, January 5th. Cowen restated a “buy” rating on shares of PagerDuty in a research report on Wednesday, November 26th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of PagerDuty in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.64.

PagerDuty Stock Performance

NYSE PD opened at $11.25 on Friday. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 7.03, a PEG ratio of 3.00 and a beta of 0.63. The stock has a 50-day moving average of $13.19 and a 200 day moving average of $14.96. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.23. PagerDuty has a twelve month low of $11.13 and a twelve month high of $20.00.

PagerDuty (NYSE:PD) last posted its quarterly earnings data on Tuesday, November 25th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.09. The business had revenue of $124.55 million during the quarter, compared to analysts’ expectations of $124.92 million. PagerDuty had a return on equity of 10.27% and a net margin of 31.12%.The business’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share. PagerDuty has set its FY 2026 guidance at 1.110-1.120 EPS and its Q4 2026 guidance at 0.240-0.250 EPS. Sell-side analysts anticipate 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 company’s stock in a transaction that occurred 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 directly owned 2,389,665 shares in the company, valued at $31,902,027.75. This represents a 10.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PagerDuty

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of PagerDuty by 17.1% in the 3rd quarter. Vanguard Group Inc. now owns 12,593,954 shares of the company’s stock worth $208,052,000 after acquiring an additional 1,840,407 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of PagerDuty by 333.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company’s stock valued at $23,961,000 after acquiring an additional 1,115,577 shares during the last quarter. Readystate Asset Management LP acquired a new stake in PagerDuty during the third quarter worth about $15,946,000. Alyeska Investment Group L.P. acquired a new stake in PagerDuty during the third quarter worth about $13,710,000. Finally, Danske Bank A S purchased a new position in PagerDuty during the third quarter worth about $13,271,000. Institutional investors and hedge funds 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.