PagerDuty (NYSE:PD) Stock Price Down 9.4% – What’s Next?

PagerDuty (NYSE:PD) was down 9.4% during trading on Wednesday . The stock traded as low as $9.23 and last traded at $9.1850. Approximately 1,214,504 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 2,910,620 shares. The stock had previously closed at $10.14.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PD shares. Royal Bank Of Canada upped their price objective on shares of PagerDuty from $8.00 to $9.00 and gave the stock a “sector perform” rating in a report on Friday, May 29th. William Blair restated a “market perform” rating on shares of PagerDuty in a report on Friday, March 13th. Morgan Stanley set a $9.00 price objective on shares of PagerDuty in a report on Thursday, February 19th. TD Cowen decreased their price objective on shares of PagerDuty from $20.00 to $10.00 and set a “buy” rating for the company in a report on Friday, March 13th. Finally, Truist Financial decreased their price objective on shares of PagerDuty from $12.00 to $9.00 and set a “buy” rating for the company in a report on Friday, March 13th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $11.25.

PagerDuty Stock Down 9.9%

The stock’s 50-day moving average price is $6.80 and its two-hundred day moving average price is $9.35. The stock has a market capitalization of $704.49 million, a PE ratio of 4.48, a P/E/G ratio of 4.75 and a beta of 0.94. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.95 and a current ratio of 1.95.

PagerDuty (NYSE:PD) last released its earnings results on Thursday, May 28th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. The firm had revenue of $120.97 million for the quarter, compared to the consensus estimate of $119.52 million. PagerDuty had a net margin of 38.60% and a return on equity of 18.20%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 EPS. PagerDuty has set its Q2 2027 guidance at 0.290-0.310 EPS. As a group, analysts expect that PagerDuty will post 0.34 EPS for the current fiscal year.

PagerDuty announced that its board has authorized a share buyback program on Thursday, May 28th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 16.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of PagerDuty

Hedge funds and other institutional investors have recently modified their holdings of the business. WealthCollab LLC purchased a new stake in shares of PagerDuty in the 1st quarter worth about $25,000. EverSource Wealth Advisors LLC grew its position in shares of PagerDuty by 252.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company’s stock worth $27,000 after buying an additional 1,149 shares during the period. PNC Financial Services Group Inc. grew its position in shares of PagerDuty by 1,219.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,976 shares of the company’s stock worth $31,000 after buying an additional 4,599 shares during the period. Optiver Holding B.V. grew its position in PagerDuty by 5,699.0% during the 1st quarter. Optiver Holding B.V. now owns 6,031 shares of the company’s stock valued at $37,000 after purchasing an additional 5,927 shares during the last quarter. Finally, KBC Group NV grew its position in PagerDuty by 89.5% during the 4th quarter. KBC Group NV now owns 4,402 shares of the company’s stock valued at $58,000 after purchasing an additional 2,079 shares during the last quarter. 97.26% of the stock is owned by hedge funds and other 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.