The price of PagerDuty Inc. (NYSE:PD) shares last traded on Wall Street fell -4.35% to $24.17.
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 $25.27, this indicates a potential upside of 21.88 percent. PD stock price is now 0.91% away from the 50-day moving average and -9.65% away from the 200-day moving average. The market capitalization of the company currently stands at $2.21B.
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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, Wilson Howard, Chief Financial Officer sold 888 shares of the company’s stock on Jul 26. The stock was sold for $22,200 at an average price of $25.00. Upon completion of the transaction, the Chief Financial Officer now directly owns 557,046 shares in the company, valued at $13.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 14, Chief Financial Officer Wilson Howard sold 4,260 shares of the business’s stock. A total of $106,628 was realized by selling the stock at an average price of $25.03. This leaves the insider owning 557,046 shares of the company worth $13.46 million. Insiders disposed of 1,466,385 shares of company stock worth roughly $35.44 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 $23,276,000. LORD, ABBETT & CO. LLC invested $21,058,000 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 $17,887,000. SQN INVESTORS LP acquired a new stake in PD for approximately $9,611,000. 1832 ASSET MANAGEMENT L.P. purchased a new stake in PD valued at around $8,249,000 in the second quarter.
A candlestick chart of PagerDuty Inc. (NYSE: PD) showed a price of $24.65 on Wednesday 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 $23.86 and a two-hundred day moving average price translates $26.76 for the stock.
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.
