PagerDuty, Inc. (NYSE: PD), which eleven different rating agencies have covered, has been assigned a consensus recommendation of “Moderate Buy” by those agencies, as stated by Bloomberg.com. The rating agencies’ recommendations range from “Strong Buy” to “Sell.” Eight analysts have provided the firm with a buy rating, while two experts have provided a hold recommendation on the stock. The stock now has a price objective of $40.15, the average price target that brokers who graded the company’s shares in the last year have set for the stock for the next 12 months. Several analysts have released recent research on the stock in question who are recognized authorities in equity research. In a research note published on May 31, Royal Bank of Canada lowered its price target on shares of PagerDuty from $46.00 to $41.00. The previous price objective was $46.00. In a research note released on Friday, September 2, Cowen lowered their price target on shares of PagerDuty from $40.00 to $37.00. However, they maintained a “outperform” rating for the business.
In a research note released on Friday, September 2, Craig Hallum lowered their price objective on shares of PagerDuty from $37.00 to $34.00 while maintaining a “buy” rating on the stock. Canaccord Genuity Group began providing coverage for shares of PagerDuty in a research report published on that day, July 7. The report was issued on that day. They suggested that an investment in the company be made using the “buy” option and established the price objective at $32.00. In a research report released on Friday, August 12, Monness Crespi & Hardt shifted their recommendation on shares of PagerDuty from a “buy” rating to a “neutral” one. This was the last move to be discussed in this article. On June 21, Chief Operating Officer Dave Justice made a transaction that sold 2,812 shares of the company’s stock. This is another development that is relevant to this topic. The sale of the shares resulted in a total of $69,990.68, equivalent to an average price of $24.89 per share, bringing the total to $69,990.68. The executive will become the owner of 453,676 shares when the transaction is finalized. Based on the current market price, these shares are estimated to be worth $11,291,995.64. You can find the notification of the sale submitted to the Securities and Exchange Commission in the form of a legal document by following this link.
The document states that the sale was notified. On Friday, June 24, Jennifer Tejada, the Chief Executive Officer of PagerDuty, sold 75,000 of the company’s shares of stock. This is another piece of news concerning PagerDuty. When the shares were finally sold, they brought in a total of $2,110,500.00, thanks to an average price of $28.14 per share. Following the completion of the sale, the chief executive officer will have a total of 37,952 business shares. The value of these shares is about $1,067,969.28 at present. A file that was submitted with the SEC, which can be read online, was what made the transaction public and made it known to the general public. Additionally, on Tuesday, June 21, Chief Operating Officer Dave Justice sold 2,812 shares of the company’s stock. As a consequence of the sale of the stock at an average price of $24.89 per share, a transaction with a total value of $69,990.68 was completed. Following the conclusion of the transaction, the executive will become the owner of 453,676 shares in the company. At present, these shares have a value of approximately $11,291,995.64 each. Simply clicking on this link will take you to further information about the disclaimer associated with this sale. Within the most recent accounting period, company insiders were responsible for the selling of 245,768 shares of stock, which resulted in a total sales volume of $6,781,040. 8.70% of the company’s shares are owned by current and former employees of the business.
In recent times, there has been significant market activity from several hedge funds, including buying and selling shares of the company’s stock. William Blair Investment Management LLC made a new transaction in PagerDuty during the first three months of 2018, and the total value of that investment was about $143,174,000. Compared to the previous quarter, RGM Capital LLC purchased an additional 20.9% of PagerDuty’s shares during the first quarter of 2018. After making an additional purchase of 626,823 shares during the most recent quarter, RGM Capital LLC now owns 3,626,607 shares in the company. Based on the current market price, these shares are worth $123,994,000. ARK Investment Management LLC witnessed a 6.0% growth in the company’s holdings during the second quarter of 2018, and PagerDuty was one of the firms whose shares were held by the investment management firm. After purchasing an additional 615,438 shares throughout the relevant period, ARK Investment Management LLC now holds 10,882,979 shares of the company’s stock. Based on the current market price, this number corresponds to a value of $268,265,000. Bares Capital Management Inc. increased the proportion of PagerDuty shares it owned in its portfolio by 38.7 percent during the most recent fiscal quarter. Bares Capital Management Inc. has acquired an additional 456,791 shares of the company’s stock since the beginning of the relevant period, bringing the total number of shares it has in the firm to 1,636,425, with a market value of $56,866,000.
Last but certainly not least, during the first three months of 2018, Goldman Sachs Group Inc. boosted the proportion of PagerDuty shares it had by 47.4% in its portfolio. After purchasing an additional 353,682 shares throughout the relevant period, Goldman Sachs Group Inc. now has 1,099,664 shares of the company’s stock, currently valued at $37,598,000. These shares were acquired due to the purchase of an additional 353,682 shares. Institutional investors and hedge funds collectively hold a stake in the company equal to 92.58% of the total amount of shares outstanding. On Monday, the price of PD share transactions began at $25.20 and continued throughout the day. The company has a price-to-earnings ratio of -17.14 and a beta value of 1.06, and its market capitalization is now estimated at $2.25 billion. The quick ratio for the company is 2.54, the current ratio is 2.48, and the debt-to-equity ratio comes in at 1.13. The simple moving average price of the company’s shares over the previous fifty days is $26.44, and over the past two hundred days, that figure is $27.97. Throughout its existence, the price of PagerDuty has fluctuated widely, starting as low as $21.72 and reaching as high as $478. On September 1, PagerDuty (NYSE: PD) announced that it would release its most recent earnings report. The actual earnings per share of the firm for the quarter came in at $0.04, which was $0.04 higher than the consensus estimate of $0.08 that analysts provided.
The firm’s revenue for the quarter came in at $90.30 million, a big increase over the $88.22 million analysts had projected the company would earn. PagerDuty had a negative return on equity of 45.04%, and the company also had a negative net margin of 38.83%. When compared to the same quarter of the previous year, the rise in the company’s quarterly revenue was 33.8% greater than the previous year’s level. A loss of $0.35 in earnings per share was reported for the company for the same period in the prior year. Equity analysts forecast that PagerDuty will produce earnings per share (EPS) of -1.27 on average for the current financial year. PagerDuty, Inc. manages a digital operations management platform offered to customers in various nations, including the United States of America and Japan. Our digital operations management platform can take data from nearly any software-enabled system or device and then use that data to correlate, evaluate, and forecast possible opportunities and concerns. This is made feasible with the use of advanced machine learning technology.