PagerDuty (NYSE:PD) Trading Down 7.2% – Here’s What Happened

PagerDuty (NYSE:PD)’s stock price dropped 7.2% during trading on Tuesday . The company traded as low as $9.80 and last traded at $9.6320. Approximately 280,674 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 2,147,838 shares. The stock had previously closed at $10.38.

Analyst Ratings Changes

PD has been the subject of a number of analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a $19.00 target price on shares of PagerDuty in a report on Wednesday, November 26th. Zacks Research cut shares of PagerDuty from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Wall Street Zen upgraded PagerDuty from a “hold” rating to a “buy” rating in a research report on Sunday, January 25th. Truist Financial dropped their price objective on shares of PagerDuty from $20.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, January 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of PagerDuty in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, PagerDuty presently has an average rating of “Hold” and an average price target of $16.64.

PagerDuty Stock Down 14.3%

The business has a fifty day simple moving average of $12.23 and a two-hundred day simple moving average of $14.61. The company has a market cap of $816.82 million, a PE ratio of 5.56, a price-to-earnings-growth ratio of 2.83 and a beta of 0.63. 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 announced its quarterly earnings results on Tuesday, November 25th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.09. PagerDuty had a net margin of 31.12% and a return on equity of 10.27%. The business had revenue of $124.55 million during the quarter, compared to the consensus estimate of $124.92 million. During the same quarter last year, the firm earned $0.26 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. 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, equities research analysts predict that PagerDuty will post -0.27 earnings per share for the current year.

Insider Transactions at PagerDuty

In other news, Director Dan Alexandru Solomon sold 266,667 shares of the company’s stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $13.35, for a total transaction of $3,560,004.45. Following the completion of the sale, the director owned 2,389,665 shares in the company, valued at $31,902,027.75. This represents a 10.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On PagerDuty

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its holdings in PagerDuty by 60.8% in the first quarter. Royal Bank of Canada now owns 96,575 shares of the company’s stock valued at $1,764,000 after buying an additional 36,517 shares during the period. AQR Capital Management LLC increased its stake in shares of PagerDuty by 110.6% in the first quarter. AQR Capital Management LLC now owns 147,127 shares of the company’s stock worth $2,679,000 after buying an additional 77,251 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in PagerDuty by 1.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,601 shares of the company’s stock worth $943,000 after buying an additional 671 shares during the last quarter. Millennium Management LLC grew its position in shares of PagerDuty by 55.4% during the 1st quarter. Millennium Management LLC now owns 1,005,111 shares of the company’s stock valued at $18,363,000 after buying an additional 358,347 shares during the last quarter. Finally, Woodline Partners LP acquired a new position in PagerDuty during the 1st quarter valued at approximately $556,000. 97.26% of the stock is currently 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.