PagerDuty (NYSE:PD) Hits New 1-Year Low at $21.58

PagerDuty, Inc. (NYSE:PDGet Rating)’s share price reached a new 52-week low during trading on Friday . The company traded as low as $21.58 and last traded at $21.94, with a volume of 11477 shares. The stock had previously closed at $22.32.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PD. Robert W. Baird decreased their price target on PagerDuty from $40.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, September 2nd. Craig Hallum cut their price objective on PagerDuty from $37.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, September 2nd. Credit Suisse Group initiated coverage on PagerDuty in a research report on Friday. They issued an “outperform” rating and a $32.00 price objective for the company. Morgan Stanley boosted their price objective on PagerDuty from $32.00 to $34.00 and gave the company an “equal weight” rating in a research report on Friday, September 2nd. Finally, Cowen cut their price objective on PagerDuty from $40.00 to $37.00 and set an “outperform” rating for the company in a research report on Friday, September 2nd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.04.

PagerDuty Trading Down 1.2 %

The company has a 50 day moving average price of $25.97 and a 200 day moving average price of $27.53. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of -14.88 and a beta of 1.06. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.48 and a current ratio of 2.48.

PagerDuty (NYSE:PDGet Rating) last posted its earnings results on Thursday, September 1st. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.04. PagerDuty had a negative return on equity of 45.04% and a negative net margin of 38.83%. The firm had revenue of $90.30 million for the quarter, compared to analyst estimates of $88.22 million. During the same quarter in the prior year, the company earned ($0.35) EPS. PagerDuty’s revenue was up 33.8% on a year-over-year basis. On average, research analysts expect that PagerDuty, Inc. will post -1.3 earnings per share for the current year.

Insiders Place Their Bets

In other news, CRO Dave Justice sold 1,362 shares of the stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $23.44, for a total value of $31,925.28. Following the transaction, the executive now owns 427,832 shares in the company, valued at approximately $10,028,382.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CRO Dave Justice sold 1,362 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $23.44, for a total transaction of $31,925.28. Following the transaction, the executive now owns 427,832 shares in the company, valued at approximately $10,028,382.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jennifer Tejada sold 20,401 shares of the firm’s stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $28.05, for a total value of $572,248.05. Following the transaction, the chief executive officer now owns 732,987 shares in the company, valued at approximately $20,560,285.35. The disclosure for this sale can be found here. Insiders have sold a total of 126,552 shares of company stock worth $3,554,152 in the last quarter. 8.70% of the stock is owned by company insiders.

Institutional Trading of PagerDuty

Hedge funds have recently added to or reduced their stakes in the stock. Icapital Wealth LLC acquired a new stake in shares of PagerDuty in the 1st quarter valued at approximately $28,000. Lindbrook Capital LLC lifted its holdings in shares of PagerDuty by 65.4% in the 1st quarter. Lindbrook Capital LLC now owns 1,409 shares of the company’s stock valued at $48,000 after buying an additional 557 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of PagerDuty by 270.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,572 shares of the company’s stock valued at $53,000 after buying an additional 1,148 shares during the period. US Bancorp DE lifted its holdings in shares of PagerDuty by 39.0% in the 2nd quarter. US Bancorp DE now owns 1,708 shares of the company’s stock valued at $42,000 after buying an additional 479 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of PagerDuty in the 2nd quarter valued at approximately $50,000. 92.58% of the stock is owned by institutional investors and hedge funds.

PagerDuty Company Profile

(Get Rating)

PagerDuty, Inc operates a digital operations management platform in the United States, Japan, and internationally. Its digital operations management platform collects data digital signals from virtually any software-enabled system or device, and leverage powerful machine learning to correlate, process, and predict opportunities and issues.

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