PagerDuty (NYSE:PD) Price Target Lowered to $26.00 at Craig Hallum

PagerDuty (NYSE:PD) had its target price dropped by research analysts at Craig Hallum from $30.00 to $26.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Craig Hallum’s target price indicates a potential upside of 42.31% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Robert W. Baird dropped their price target on shares of PagerDuty from $22.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday. Scotiabank dropped their price target on shares of PagerDuty from $23.00 to $18.00 and set a “sector perform” rating for the company in a research report on Wednesday. Bank of America dropped their target price on shares of PagerDuty from $28.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday. Morgan Stanley dropped their target price on shares of PagerDuty from $24.00 to $19.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, The Goldman Sachs Group initiated coverage on shares of PagerDuty in a research note on Thursday, July 18th. They issued a “neutral” rating and a $24.00 price target for the company. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PagerDuty has a consensus rating of “Hold” and an average target price of $23.82.

PagerDuty Price Performance

Shares of NYSE:PD opened at $18.27 on Wednesday. PagerDuty has a one year low of $17.92 and a one year high of $26.70. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of -18.09 and a beta of 1.07. The company’s fifty day moving average price is $20.35 and its 200-day moving average price is $21.11. The company has a debt-to-equity ratio of 2.58, a current ratio of 2.59 and a quick ratio of 2.59.

PagerDuty (NYSE:PD) last announced its quarterly earnings data on Tuesday, September 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $115.94 million during 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%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.18) EPS. On average, equities research analysts anticipate that PagerDuty will post -0.44 earnings per share for the current fiscal year.

Insider Buying and Selling at PagerDuty

In other PagerDuty news, CEO Jennifer Tejada sold 31,250 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $21.07, for a total transaction of $658,437.50. Following the completion of the sale, the chief executive officer now directly owns 1,023,579 shares in the company, valued at approximately $21,566,809.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Shelley Webb sold 5,732 shares of PagerDuty stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $21.98, for a total value of $125,989.36. Following the completion of the sale, the insider now directly owns 235,657 shares in the company, valued at $5,179,740.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jennifer Tejada sold 31,250 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $21.07, for a total transaction of $658,437.50. Following the completion of the transaction, the chief executive officer now directly owns 1,023,579 shares in the company, valued at approximately $21,566,809.53. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,244 shares of company stock worth $2,316,980. 7.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PagerDuty

Institutional investors and hedge funds have recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in PagerDuty during the fourth quarter valued at approximately $4,630,000. Massachusetts Financial Services Co. MA lifted its holdings 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 purchasing an additional 728,152 shares in the last quarter. Natixis Advisors L.P. lifted its holdings 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 purchasing an additional 1,650 shares in the last quarter. Optimus Prime Fund Management Co. Ltd. lifted its holdings 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 purchasing an additional 80,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings 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 purchasing an additional 904,136 shares in the last quarter. Hedge funds and other institutional investors own 97.26% of the company’s stock.

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.