Wall Street Zen Upgrades PagerDuty (NYSE:PD) to Buy

PagerDuty (NYSE:PD) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday.

A number of other equities analysts have also recently commented on the company. Morgan Stanley set a $9.00 target price on PagerDuty in a report on Thursday, February 19th. TD Cowen lowered their price target on PagerDuty from $20.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Zacks Research downgraded PagerDuty from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. William Blair reissued a “market perform” rating on shares of PagerDuty in a research note on Friday, March 13th. Finally, Truist Financial lowered their target price on shares of PagerDuty from $12.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, PagerDuty has a consensus rating of “Hold” and an average price target of $12.40.

PagerDuty Stock Up 1.8%

Shares of NYSE PD opened at $7.05 on Friday. The firm has a market cap of $598.68 million, a price-to-earnings ratio of 3.83, a price-to-earnings-growth ratio of 3.07 and a beta of 0.73. The company’s 50-day simple moving average is $8.42 and its 200-day simple moving average is $12.49. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 1.56. PagerDuty has a 52-week low of $6.15 and a 52-week high of $19.70.

PagerDuty (NYSE:PD) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.29 earnings per share for the quarter, topping 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 company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. Equities analysts predict 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 business’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 transaction of $3,560,004.45. Following the transaction, the director directly owned 2,389,665 shares in the company, valued at $31,902,027.75. The trade was a 10.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PagerDuty

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in PagerDuty by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 13,066,929 shares of the company’s stock worth $171,307,000 after buying an additional 472,975 shares during the last quarter. ARK Investment Management LLC increased its stake in shares of PagerDuty by 2.6% in the 3rd quarter. ARK Investment Management LLC now owns 8,827,404 shares of the company’s stock worth $145,829,000 after acquiring an additional 224,769 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of PagerDuty by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 2,113,117 shares of the company’s stock worth $27,708,000 after acquiring an additional 58,881 shares during the period. Ameriprise Financial Inc. raised its holdings 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 worth $23,961,000 after acquiring an additional 1,115,577 shares during the period. Finally, Loomis Sayles & Co. L P boosted its position in shares of PagerDuty by 0.3% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,092,963 shares of the company’s stock valued at $14,329,000 after acquiring an additional 3,276 shares during the last quarter. 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.