The price of PagerDuty Inc. (NYSE:PD) shares last traded on Wall Street rose 6.60% to $24.07.
Based on available information, 11 analysts follow PagerDuty Inc. (NYSE:PD). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $37.00 and a low of $26.00, we find $30.80. Given the previous closing price of $22.58, this indicates a potential upside of 36.4 percent. PD stock price is now -5.46% away from the 50-day moving average and -9.63% away from the 200-day moving average. The market capitalization of the company currently stands at $2.22B.
Among analysts, 3 rate the stock a hold while 7 rate it a buy. Brokers who have rated the stock have averaged $31.53 as their price target over the next twelve months.
With the price target maintained at $26, Craig Hallum recently Downgraded its rating from Buy to Hold for PagerDuty Inc. (NYSE: PD).
In other news, Murthy Rathi, Director sold 45,000 shares of the company’s stock on Jun 23. The stock was sold for $964,800 at an average price of $21.44. Upon completion of the transaction, the Director now directly owns 23,375 shares in the company, valued at $0.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09, Chief Executive Officer Tejada Jennifer sold 75,000 shares of the business’s stock. A total of $2,179,500 was realized by selling the stock at an average price of $29.06. This leaves the insider owning 796,627 shares of the company worth $19.17 million. Insiders disposed of 1,381,953 shares of company stock worth roughly $33.26 million over the past 1 year. A total of 4.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PD stock. A new stake in PagerDuty Inc. shares was purchased by FRED ALGER MANAGEMENT, LLC during the first quarter worth $23,180,000. LORD, ABBETT & CO. LLC invested $20,970,000 in shares of PD during the first quarter. In the first quarter, LOOMIS SAYLES & CO L P acquired a new stake in PagerDuty Inc. valued at approximately $17,813,000. SQN INVESTORS LP acquired a new stake in PD for approximately $9,571,000. 1832 ASSET MANAGEMENT L.P. purchased a new stake in PD valued at around $8,215,000 in the second quarter. In total, there are 316 active investors with 88.30% ownership of the company’s stock.
A candlestick chart of PagerDuty Inc. (NYSE: PD) showed a price of $22.89 on Tuesday morning. During the past 12 months, PagerDuty Inc. has had a low of $19.51 and a high of $35.33. As of last week, the company has a debt-to-equity ratio of 1.12, a current ratio of 2.40, and a quick ratio of 2.40. The fifty day moving average price for PD is $25.32 and a two-hundred day moving average price translates $26.64 for the stock.
The latest earnings results from PagerDuty Inc. (NYSE: PD) was released for Apr, 2023. According to the Software – Application Company, earnings per share came in at $0.21, beating analysts’ expectations of $0.09 by 0.12. This compares to -$0.38 EPS in the same period last year. The company reported revenue of $103.25 million for the quarter, compared to $85.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.94 percent. For the current quarter, analysts expect PD to generate $104.18M in revenue.
PagerDuty Inc.(PD) Company Profile
PagerDuty, Inc. engages in the operation of a digital operations management platform in the United States, EMEA, the Asia Pacific, and Japan. The company’s digital operations management platform collects data and digital signals from virtually any software-enabled system or device and leverage powerful machine learning to correlate, process, and predict opportunities and issues. Its platform includes PagerDuty Incident Response, that provides a real-time view across the status of a digital service while incorporating noise reduction to remove false positives; PagerDuty Process Automation products, which empower users with the ability to create automated workflows and runbooks that span different scripts, tools, APIs, and system commands to safely hand off the knowledge required to use these tools correctly and consistently; PagerDuty Event Intelligence, that applies machine learning to correlate and automate the identification of incidents from billions of events; and PagerDuty for Customer Service, which is offered to orchestrate, automate, and scale responses to customer impacting issues. It serves various industries, including software and technology, telecommunications, retail, travel and hospitality, media and entertainment, and financial services. PagerDuty, Inc. was founded in 2009 and is headquartered in San Francisco, California.
