Zacks Research Downgrades PagerDuty (NYSE:PD) to Hold

PagerDuty (NYSE:PD) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other analysts also recently weighed in on PD. Wall Street Zen raised shares of PagerDuty from a “hold” rating to a “buy” rating in a research note on Sunday. Morgan Stanley lowered their target price on PagerDuty from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 26th. Craig Hallum cut PagerDuty from a “buy” rating to a “hold” rating and dropped their target price for the company from $20.00 to $15.00 in a report on Wednesday, November 26th. Bank of America initiated coverage on PagerDuty in a research report on Tuesday, December 2nd. They issued an “underperform” rating and a $12.00 price objective for the company. Finally, Royal Bank Of Canada lowered shares of PagerDuty from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $17.00 to $15.00 in a report on Monday, January 5th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $16.64.

PagerDuty Price Performance

Shares of NYSE PD traded down $0.05 during trading hours on Monday, reaching $10.92. 483,250 shares of the stock traded hands, compared to its average volume of 2,102,992. The company’s 50-day simple moving average is $12.57 and its two-hundred day simple moving average is $14.73. The company has a market capitalization of $1.00 billion, a P/E ratio of 6.83, a price-to-earnings-growth ratio of 3.02 and a beta of 0.63. PagerDuty has a 52-week low of $10.66 and a 52-week high of $19.75. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.23.

PagerDuty (NYSE:PD) last issued its quarterly earnings results on Tuesday, November 25th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.09. The business had revenue of $124.55 million for the quarter, compared to analysts’ expectations of $124.92 million. PagerDuty had a net margin of 31.12% and a return on equity of 10.27%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $0.26 earnings per share. PagerDuty has set its FY 2026 guidance at 1.110-1.120 EPS and its Q4 2026 guidance at 0.240-0.250 EPS. Equities research analysts forecast that PagerDuty will post -0.27 EPS for the current year.

Insider Buying and Selling at PagerDuty

In other news, Director Dan Alexandru Solomon sold 266,667 shares of the business’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 transaction, the director directly owned 2,389,665 shares in the company, valued at $31,902,027.75. The trade was a 10.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.00% of the stock is currently owned by corporate insiders.

Institutional Trading of PagerDuty

Hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its position in shares of PagerDuty by 252.0% during the third quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company’s stock valued at $27,000 after acquiring an additional 1,149 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in PagerDuty in the 3rd quarter valued at approximately $59,000. State of Alaska Department of Revenue purchased a new stake in PagerDuty in the third quarter valued at approximately $67,000. KBC Group NV lifted its stake in PagerDuty by 89.5% during the fourth quarter. KBC Group NV now owns 4,402 shares of the company’s stock worth $58,000 after purchasing an additional 2,079 shares in the last quarter. Finally, One68 Global Capital LLC acquired a new stake in shares of PagerDuty in the third quarter valued at $165,000. 97.26% of the stock is 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.