Research analysts at Credit Suisse Group assumed coverage on shares of PagerDuty (NYSE:PD – Get Rating) in a research note issued on Friday, The Fly reports. The firm set an "outperform" rating and a $32.00 price target on the stock. Credit Suisse Group's price target indicates a potential upside of 42.16% from the company's current price.
PD has been the topic of a number of other reports. Cowen decreased their price objective on PagerDuty from $40.00 to $37.00 and set an "outperform" rating on the stock in a report on Friday, September 2nd. Monness Crespi & Hardt downgraded PagerDuty from a "buy" rating to a "neutral" rating in a report on Friday, August 12th. Craig Hallum reduced their target price on PagerDuty from $37.00 to $34.00 and set a "buy" rating on the stock in a report on Friday, September 2nd. Canaccord Genuity Group assumed coverage on PagerDuty in a report on Thursday, July 7th. They issued a "buy" rating and a $32.00 target price on the stock. Finally, Canaccord Genuity Group assumed coverage on PagerDuty in a report on Thursday, July 7th. They issued a "buy" rating and a $32.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $39.04.
Get PagerDuty alerts:PagerDuty Stock Up 0.9 %
PD stock opened at $22.51 on Friday. PagerDuty has a twelve month low of $21.72 and a twelve month high of $47.82. The company has a market cap of $2.01 billion, a PE ratio of -15.31 and a beta of 1.06. The business's 50-day simple moving average is $25.90 and its 200 day simple moving average is $27.49. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.13.
PagerDuty (NYSE:PD – Get Rating) last released its quarterly earnings data on Thursday, September 1st. The company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.04. The company had revenue of $90.30 million for the quarter, compared to the consensus estimate of $88.22 million. PagerDuty had a negative return on equity of 45.04% and a negative net margin of 38.83%. The company's quarterly revenue was up 33.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.35) earnings per share. On average, research analysts anticipate that PagerDuty will post -1.3 earnings per share for the current year.Insider Buying and Selling
In related news, CRO Dave Justice sold 1,362 shares of the company's stock in a transaction on Monday, September 19th. The shares were sold at an average price of $23.44, for a total value of $31,925.28. Following the completion of the sale, the executive now owns 427,832 shares in the company, valued at approximately $10,028,382.08. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CRO Dave Justice sold 1,362 shares of the stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $23.44, for a total transaction of $31,925.28. Following the completion of the transaction, the executive now directly 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 link. Also, CEO Jennifer Tejada sold 20,401 shares of the company's stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $28.05, for a total transaction of $572,248.05. Following the completion of the sale, the chief executive officer now directly owns 732,987 shares in the company, valued at $20,560,285.35. The disclosure for this sale can be found here. Insiders sold 127,914 shares of company stock worth $3,586,227 in the last quarter. Insiders own 8.70% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Arizona State Retirement System raised its holdings in PagerDuty by 2.0% in the 1st quarter. Arizona State Retirement System now owns 18,375 shares of the company's stock valued at $628,000 after acquiring an additional 365 shares during the period. Advisors Asset Management Inc. raised its holdings in PagerDuty by 6.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 6,038 shares of the company's stock valued at $150,000 after acquiring an additional 369 shares during the period. Advisor Group Holdings Inc. raised its holdings in PagerDuty by 3.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 15,735 shares of the company's stock valued at $777,000 after acquiring an additional 451 shares during the period. US Bancorp DE increased its holdings in shares of PagerDuty by 39.0% during the second quarter. US Bancorp DE now owns 1,708 shares of the company's stock worth $42,000 after purchasing an additional 479 shares during the period. Finally, Flagship Harbor Advisors LLC increased its holdings in shares of PagerDuty by 6.0% during the first quarter. Flagship Harbor Advisors LLC now owns 9,483 shares of the company's stock worth $324,000 after purchasing an additional 535 shares during the period. 92.58% of the stock is owned by institutional investors.
PagerDuty Company Profile
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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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