PagerDuty (NYSE:PD) PT Lowered to $19.00 at TD Cowen

PagerDuty (NYSE:PD) had its price target reduced by TD Cowen from $23.00 to $19.00 in a report issued on Wednesday, Benzinga reports. They currently have a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Robert W. Baird lowered their target price on shares of PagerDuty from $22.00 to $18.00 and set a neutral rating on the stock in a report on Wednesday. Canaccord Genuity Group lowered their target price on shares of PagerDuty from $27.00 to $26.00 and set a buy rating on the stock in a report on Friday, May 31st. Craig Hallum lowered their target price on shares of PagerDuty from $30.00 to $26.00 and set a buy rating on the stock in a report on Wednesday. Bank of America lowered their target price on shares of PagerDuty from $28.00 to $23.00 and set a buy rating on the stock in a report on Wednesday. Finally, Royal Bank of Canada lowered their target price on shares of PagerDuty from $27.00 to $22.00 and set an outperform rating on the stock in a report on Wednesday. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $21.91.

PagerDuty Trading Down 4.5 %

NYSE:PD opened at $17.78 on Wednesday. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 2.58. The stock has a market capitalization of $1.70 billion, a PE ratio of -17.60 and a beta of 1.05. The firm’s 50 day moving average is $20.18 and its 200 day moving average is $21.07. PagerDuty has a 12 month low of $16.46 and a 12 month high of $26.70.

PagerDuty (NYSE:PD) last posted its quarterly earnings results on Tuesday, September 3rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $115.94 million for the quarter, compared to analysts’ expectations of $116.52 million. PagerDuty had a negative net margin of 21.34% and a negative return on equity of 28.38%. PagerDuty’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.18) EPS. Sell-side analysts expect that PagerDuty will post -0.44 earnings per share for the current year.

Insider Transactions at PagerDuty

In related news, CEO Jennifer Tejada sold 18,750 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $20.09, for a total value of $376,687.50. Following the completion of the transaction, the chief executive officer now directly owns 1,010,861 shares in the company, valued at $20,308,197.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Jennifer Tejada sold 18,750 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $20.09, for a total value of $376,687.50. Following the completion of the transaction, the chief executive officer now directly owns 1,010,861 shares in the company, valued at $20,308,197.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shelley Webb sold 5,732 shares of the company’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $21.98, for a total transaction of $125,989.36. Following the completion of the transaction, the insider now owns 235,657 shares of the company’s stock, valued at $5,179,740.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,244 shares of company stock valued at $2,316,980. 7.60% of the stock is currently owned by company insiders.

Institutional Trading of PagerDuty

Institutional investors have recently added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in PagerDuty during the fourth quarter valued at about $4,630,000. Massachusetts Financial Services Co. MA boosted its position in PagerDuty by 50.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,160,281 shares of the company’s stock valued at $50,011,000 after buying an additional 728,152 shares during the period. Natixis Advisors L.P. boosted its position in PagerDuty by 13.9% during the fourth quarter. Natixis Advisors L.P. now owns 13,541 shares of the company’s stock valued at $313,000 after buying an additional 1,650 shares during the period. Optimus Prime Fund Management Co. Ltd. boosted its position in PagerDuty by 13.9% during the fourth quarter. Optimus Prime Fund Management Co. Ltd. now owns 655,000 shares of the company’s stock valued at $15,163,000 after buying an additional 80,000 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in PagerDuty by 65.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,285,588 shares of the company’s stock valued at $52,911,000 after buying an additional 904,136 shares during the period. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

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.