PagerDuty (NYSE:PD) Stock Sees Heavy Put Option Buying

PagerDuty (NYSE:PD) was the recipient of unusually large options trading activity on Thursday. Traders purchased 4,049 put options on the stock. This represents an increase of approximately 323% compared to the typical volume of 958 put options.

PagerDuty Stock Performance

NYSE PD traded up $0.15 on Thursday, hitting $15.25. 537,354 shares of the stock traded hands, compared to its average volume of 2,374,379. The business’s fifty day moving average is $12.72 and its two-hundred day moving average is $9.60. PagerDuty has a 12 month low of $5.70 and a 12 month high of $16.77. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 7.63, a PEG ratio of 2.31 and a beta of 0.96. The company has a debt-to-equity ratio of 1.71, a quick ratio of 2.02 and a current ratio of 2.02.

PagerDuty (NYSE:PD) last issued its earnings results on Thursday, August 27th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. PagerDuty had a return on equity of 18.52% and a net margin of 37.50%.The firm had revenue of $124.44 million for the quarter, compared to analyst estimates of $123.27 million. During the same period in the previous year, the company posted $0.30 earnings per share. The business’s revenue was up .8% on a year-over-year basis. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. As a group, equities analysts anticipate that PagerDuty will post 0.69 EPS for the current fiscal year.

Analysts Set New Price Targets

PD has been the topic of several recent analyst reports. Weiss Ratings raised shares of PagerDuty from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 18th. Truist Financial upped their target price on PagerDuty from $11.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, August 20th. TD Cowen reaffirmed a “buy” rating on shares of PagerDuty in a research report on Wednesday, August 26th. UBS Group set a $13.50 price target on PagerDuty in a report on Wednesday, August 26th. Finally, Morgan Stanley raised their target price on PagerDuty from $9.00 to $10.00 and gave the company an “underweight” rating in a research report on Friday, August 28th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $12.56.

Insider Activity at PagerDuty

In related news, insider Jennifer Tejada sold 8,000 shares of the firm’s stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $15.00, for a total transaction of $120,000.00. Following the transaction, the insider directly owned 1,670,251 shares of the company’s stock, valued at $25,053,765. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 6.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PagerDuty

Several institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP purchased a new position in shares of PagerDuty in the first quarter worth about $6,074,000. Glenmede Trust Co. NA boosted its holdings in PagerDuty by 35.7% in the 1st quarter. Glenmede Trust Co. NA now owns 937,505 shares of the company’s stock worth $5,822,000 after buying an additional 246,482 shares during the period. Bank of New York Mellon Corp grew its stake in PagerDuty by 44.5% in the 1st quarter. Bank of New York Mellon Corp now owns 816,688 shares of the company’s stock valued at $5,072,000 after buying an additional 251,651 shares in the last quarter. Deutsche Bank AG purchased a new position in PagerDuty in the 2nd quarter valued at approximately $5,642,000. Finally, Pacer Advisors Inc. raised its holdings in PagerDuty by 73.9% during the 1st quarter. Pacer Advisors Inc. now owns 569,907 shares of the company’s stock valued at $3,539,000 after acquiring an additional 242,100 shares during the period. 97.26% of the stock is owned by hedge funds and other institutional investors.

PagerDuty Company Profile

PagerDuty, Inc provides a digital operations management platform designed to help organizations detect, respond to and resolve critical issues across their technology and business operations. Its platform brings together data from applications, infrastructure, cloud environments and other systems to help teams manage incidents and maintain the reliability of digital services.

The company’s offerings include incident management, AIOps, workflow automation and customer service operations capabilities.