PagerDuty (NYSE:PD) Trading 9.4% Higher – Time to Buy?

PagerDuty (NYSE:PD)’s share price rose 9.4% during mid-day trading on Friday . The stock traded as high as $7.16 and last traded at $7.2740. Approximately 943,598 shares were traded during trading, a decline of 69% from the average daily volume of 3,073,150 shares. The stock had previously closed at $6.65.

Analyst Upgrades and Downgrades

PD has been the subject of several recent analyst reports. TD Cowen cut their price objective on shares of PagerDuty from $20.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Canaccord Genuity Group cut their price objective on shares of PagerDuty from $19.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Royal Bank Of Canada cut their price objective on shares of PagerDuty from $9.00 to $8.00 and set a “sector perform” rating for the company in a research report on Friday, March 13th. Truist Financial cut their price objective on shares of PagerDuty from $12.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Finally, William Blair reiterated a “market perform” rating on shares of PagerDuty in a research report on Friday, March 13th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.40.

PagerDuty Stock Up 10.9%

The stock has a market cap of $626.47 million, a price-to-earnings ratio of 4.01, a PEG ratio of 2.95 and a beta of 0.78. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 1.56. The business’s fifty day moving average is $6.71 and its two-hundred day moving average is $10.61.

PagerDuty (NYSE:PD) last issued its quarterly earnings data on Thursday, March 12th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.05. The business had revenue of $124.79 million during the quarter, compared to the consensus estimate of $122.96 million. PagerDuty had a net margin of 35.30% and a return on equity of 16.29%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 EPS. PagerDuty has set its Q1 2027 guidance at 0.230-0.250 EPS and its FY 2027 guidance at 1.230-1.280 EPS. Equities analysts forecast that PagerDuty will post 0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PagerDuty

Several hedge funds have recently modified their holdings of PD. Vanguard Group Inc. boosted its stake in shares of PagerDuty by 17.1% during 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 during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of PagerDuty by 333.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company’s stock worth $23,961,000 after acquiring an additional 1,115,577 shares during the period. Readystate Asset Management LP purchased a new position in shares of PagerDuty during the 3rd quarter worth about $15,946,000. Alyeska Investment Group L.P. purchased a new position in shares of PagerDuty during the 3rd quarter worth about $13,710,000. Finally, Danske Bank A S purchased a new position in shares of PagerDuty during the 3rd quarter worth about $13,271,000. 97.26% of the stock is owned by institutional investors and hedge funds.

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.