PagerDuty (NYSE:PD) Coverage Initiated at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of PagerDuty (NYSE:PD) in a report released on Thursday, Marketbeat.com reports. The firm issued a neutral rating and a $24.00 price objective on the stock.

Other equities research analysts have also recently issued reports about the stock. Robert W. Baird dropped their target price on shares of PagerDuty from $25.00 to $22.00 and set a neutral rating on the stock in a report on Friday, March 15th. Truist Financial raised PagerDuty from a hold rating to a buy rating and raised their price objective for the company from $25.00 to $30.00 in a research report on Monday, March 18th. Craig Hallum upgraded PagerDuty from a hold rating to a buy rating and increased their price target for the company from $21.00 to $30.00 in a research note on Wednesday, June 12th. Finally, Canaccord Genuity Group reduced their price objective on shares of PagerDuty from $27.00 to $26.00 and set a buy rating for the company in a research report on Friday, May 31st. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, PagerDuty currently has an average rating of Moderate Buy and an average price target of $26.90.

PagerDuty Trading Up 0.7 %

NYSE PD opened at $22.93 on Thursday. The company has a debt-to-equity ratio of 2.58, a current ratio of 2.59 and a quick ratio of 2.59. The stock’s 50-day moving average is $20.50 and its 200-day moving average is $22.41. PagerDuty has a one year low of $17.92 and a one year high of $26.70. The firm has a market cap of $2.19 billion, a P/E ratio of -22.70 and a beta of 1.00.

PagerDuty (NYSE:PD) last announced its earnings results on Thursday, May 30th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). The firm had revenue of $111.17 million for the quarter, compared to the consensus estimate of $111.74 million. PagerDuty had a negative net margin of 21.34% and a negative return on equity of 28.38%. Sell-side analysts anticipate that PagerDuty will post -0.45 earnings per share for the current fiscal year.

Insider Transactions at PagerDuty

In related news, CAO Mitra Rezvan sold 2,215 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $21.62, for a total value of $47,888.30. Following the transaction, the chief accounting officer now owns 119,452 shares in the company, valued at $2,582,552.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Shelley Webb sold 6,859 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $22.39, for a total transaction of $153,573.01. Following the completion of the transaction, the insider now owns 253,439 shares of the company’s stock, valued at approximately $5,674,499.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Mitra Rezvan sold 2,215 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $21.62, for a total value of $47,888.30. Following the completion of the sale, the chief accounting officer now directly owns 119,452 shares in the company, valued at $2,582,552.24. The disclosure for this sale can be found here. Insiders own 7.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC grew its position in PagerDuty by 100.0% during the 4th quarter. FNY Investment Advisers LLC now owns 2,000 shares of the company’s stock worth $46,000 after acquiring an additional 1,000 shares during the last quarter. Cambridge Trust Co. bought a new stake in shares of PagerDuty during the first quarter worth about $68,000. Resolute Advisors LLC bought a new stake in shares of PagerDuty during the fourth quarter worth about $142,000. a16z Perennial Management L.P. acquired a new position in shares of PagerDuty in the fourth quarter valued at approximately $148,000. Finally, Neo Ivy Capital Management bought a new position in PagerDuty in the 4th quarter valued at approximately $171,000. Institutional investors own 97.26% of the company’s stock.

PagerDuty Company Profile

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.