PagerDuty (NYSE:PD) Stock Has Average Price Target of $12.56 According to Brokerages

PagerDuty (NYSE:PD) has received an average rating of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $12.56.

A number of research firms have recently weighed in on PD. Truist Financial upped their price target on shares of PagerDuty from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Wall Street Zen downgraded shares of PagerDuty from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Morgan Stanley lifted their price target on shares of PagerDuty from $9.00 to $10.00 and gave the company an “underweight” rating in a research report on Friday, August 28th. Canaccord Genuity Group boosted their price target on PagerDuty from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Finally, TD Cowen reiterated a “buy” rating on shares of PagerDuty in a research report on Wednesday, August 26th.

Insider Buying and Selling at PagerDuty

In other news, insider Jennifer Tejada sold 107,000 shares of PagerDuty stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $15.11, for a total transaction of $1,616,770.00. Following the completion of the transaction, the insider owned 1,563,251 shares of the company’s stock, valued at $23,620,722.61. The trade was a 6.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 172,500 shares of company stock valued at $2,723,470 in the last three months. Company insiders own 6.00% of the company’s stock.

Institutional Investors Weigh In On PagerDuty

A number of large investors have recently added to or reduced their stakes in the business. Signaturefd LLC raised its position in shares of PagerDuty by 28.4% in the third quarter. Signaturefd LLC now owns 12,370 shares of the company’s stock valued at $187,000 after buying an additional 2,736 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in shares of PagerDuty during the 3rd quarter worth $169,000. Sterling Capital Management LLC lifted its stake in shares of PagerDuty by 1,884.5% during the 3rd quarter. Sterling Capital Management LLC now owns 19,845 shares of the company’s stock worth $300,000 after purchasing an additional 18,845 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of PagerDuty by 38.5% during the third quarter. Nisa Investment Advisors LLC now owns 3,641 shares of the company’s stock worth $55,000 after purchasing an additional 1,013 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in shares of PagerDuty in the third quarter valued at $1,540,000. 97.26% of the stock is owned by institutional investors and hedge funds.

PagerDuty Price Performance

Shares of PD stock opened at $17.70 on Wednesday. The stock has a 50 day simple moving average of $14.78 and a 200-day simple moving average of $10.11. PagerDuty has a 12-month low of $5.70 and a 12-month high of $17.88.

PagerDuty (NYSE:PD) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $124.44 million during the quarter, compared to analyst estimates of $123.27 million. During the same period in the prior year, the business earned $0.30 earnings per share. The firm’s quarterly revenue was up .8% compared to the same quarter last year. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. Sell-side analysts expect that PagerDuty will post 0.69 earnings per share for the current year.

About PagerDuty

PagerDuty, Inc is a technology company that provides digital operations management software for organizations. Its platform helps businesses detect, triage and respond to operational issues affecting applications, infrastructure, services and customer experiences.

The company’s products include incident response, event intelligence, AIOps, process automation and customer service operations capabilities. PagerDuty integrates with monitoring, development, collaboration and information technology tools to help teams centralize alerts, automate workflows, coordinate responses and reduce the impact of service disruptions.

Founded in 2009, PagerDuty is headquartered in San Francisco and serves organizations across multiple industries and geographic markets worldwide.