PagerDuty (NYSE:PD) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of PagerDuty (NYSE:PD) from a buy rating to a hold rating in a research report report published on Saturday.

A number of other research firms have also recently issued reports on PD. Royal Bank Of Canada cut PagerDuty from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $17.00 to $15.00 in a report on Monday, January 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of PagerDuty in a report on Monday, December 29th. Morgan Stanley decreased their target price on shares of PagerDuty from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 26th. TD Cowen dropped their target price on PagerDuty from $22.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. Finally, Bank of America initiated coverage on PagerDuty in a research report on Tuesday, December 2nd. They set an “underperform” rating and a $12.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $16.64.

PagerDuty Stock Down 4.8%

Shares of NYSE:PD opened at $11.25 on Friday. The firm has a fifty day moving average price of $13.10 and a two-hundred day moving average price of $14.93. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.37 and a quick ratio of 2.37. PagerDuty has a one year low of $11.13 and a one year high of $20.00. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 7.03, a PEG ratio of 3.00 and a beta of 0.63.

PagerDuty (NYSE:PD) last issued its quarterly earnings data on Tuesday, November 25th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.09. The company had revenue of $124.55 million for the quarter, compared to the consensus estimate of $124.92 million. PagerDuty had a return on equity of 10.27% and a net margin of 31.12%.The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 earnings per share. PagerDuty has set its FY 2026 guidance at 1.110-1.120 EPS and its Q4 2026 guidance at 0.240-0.250 EPS. Analysts anticipate that PagerDuty will post -0.27 EPS for the current fiscal year.

Insider Activity

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 value of $3,560,004.45. Following the sale, the director directly owned 2,389,665 shares of the company’s stock, 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 through the SEC website. Insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On PagerDuty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PD. Vanguard Group Inc. increased its holdings in shares of PagerDuty by 17.1% in the 3rd quarter. Vanguard Group Inc. now owns 12,593,954 shares of the company’s stock worth $208,052,000 after purchasing an additional 1,840,407 shares in the last quarter. ARK Investment Management LLC raised its position in 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 buying an additional 224,769 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in PagerDuty by 333.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company’s stock valued at $23,961,000 after acquiring an additional 1,115,577 shares during the period. Millennium Management LLC boosted its holdings in shares of PagerDuty by 55.4% during the 1st quarter. Millennium Management LLC now owns 1,005,111 shares of the company’s stock valued at $18,363,000 after acquiring an additional 358,347 shares during the last quarter. Finally, Readystate Asset Management LP purchased a new stake in shares of PagerDuty during the 3rd quarter valued at about $15,946,000. 97.26% of the stock is owned by 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. 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.