Analysts Set PagerDuty (NYSE:PD) Target Price at $16.64

Shares of PagerDuty (NYSE:PD) have received an average rating of “Hold” from the thirteen research firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $16.6364.

PD has been the topic of a number of recent research reports. Truist Financial lowered their price objective on PagerDuty from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, January 7th. Bank of America assumed coverage on PagerDuty in a report on Tuesday, December 2nd. They set an “underperform” rating and a $12.00 price target on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of PagerDuty in a research report on Monday, December 29th. Royal Bank Of Canada cut shares of 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 research report on Monday, January 5th. Finally, TD Cowen reaffirmed a “buy” rating on shares of PagerDuty in a research note on Wednesday, November 26th.

Insider Buying and Selling

In other news, Director Dan Alexandru Solomon sold 266,667 shares of the company’s stock in a transaction 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 transaction, the director owned 2,389,665 shares of the company’s stock, valued at $31,902,027.75. This represents a 10.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PagerDuty

Institutional investors and hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System boosted its position in shares of PagerDuty by 2.6% during the 3rd quarter. Arizona State Retirement System now owns 25,911 shares of the company’s stock worth $428,000 after purchasing an additional 658 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in PagerDuty by 1.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,601 shares of the company’s stock worth $943,000 after purchasing an additional 671 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of PagerDuty by 1.4% in the second quarter. California State Teachers Retirement System now owns 81,474 shares of the company’s stock valued at $1,245,000 after buying an additional 1,129 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of PagerDuty by 252.0% in the third quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company’s stock valued at $27,000 after buying an additional 1,149 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of PagerDuty by 20.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 15,058 shares of the company’s stock valued at $230,000 after buying an additional 2,511 shares during the period. 97.26% of the stock is owned by hedge funds and other institutional investors.

PagerDuty Stock Performance

PD opened at $10.76 on Monday. The firm has a market capitalization of $987.64 million, a PE ratio of 6.73, a PEG ratio of 2.93 and a beta of 0.63. PagerDuty has a twelve month low of $10.66 and a twelve month high of $20.00. The firm’s 50-day moving average price is $12.89 and its 200 day moving average price is $14.86. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.23.

PagerDuty (NYSE:PD) last released its quarterly earnings data on Tuesday, November 25th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.09. The company had revenue of $124.55 million during the quarter, compared to the consensus estimate of $124.92 million. PagerDuty had a net margin of 31.12% and a return on equity of 10.27%. PagerDuty’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 EPS. PagerDuty has set its FY 2026 guidance at 1.110-1.120 EPS and its Q4 2026 guidance at 0.240-0.250 EPS. As a group, sell-side analysts expect that PagerDuty will post -0.27 EPS for the current fiscal year.

About PagerDuty

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.