According to Zacks, “Pagerduty Inc. provides digital operations management solutions. The Company offers software as a service based platform PagerDuty, which helps developers, DevOps, information technology operations and business to prevent and resolve business impacting incidents. Pagerduty Inc. is based in San Francisco, United States. “
A number of other analysts also recently issued reports on the company. Morgan Stanley lowered their price target on Pagerduty from $43.00 to $34.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 16th. Royal Bank of Canada set a $49.00 price target on Pagerduty and gave the stock a “buy” rating in a research report on Tuesday, September 24th. ValuEngine downgraded Pagerduty from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Robert W. Baird began coverage on Pagerduty in a research report on Monday, October 14th. They issued an “outperform” rating and a $31.00 price target for the company. Finally, SunTrust Banks began coverage on Pagerduty in a research report on Wednesday, October 2nd. They issued a “hold” rating and a $32.00 price target for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $34.48.
Shares of NYSE PD traded down $0.03 during midday trading on Thursday, reaching $22.34. 618,087 shares of the stock traded hands, compared to its average volume of 738,892. Pagerduty has a one year low of $21.72 and a one year high of $59.82. The company’s 50 day moving average is $25.97 and its 200 day moving average is $39.96.
Pagerduty (NYSE:PD) last posted its earnings results on Thursday, September 5th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.12. The firm had revenue of $40.40 million for the quarter, compared to the consensus estimate of $39.12 million. The company’s quarterly revenue was up 45.8% on a year-over-year basis. As a group, equities analysts predict that Pagerduty will post -0.76 EPS for the current fiscal year.
In related news, VP Steven Chung sold 50,000 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $26.51, for a total value of $1,325,500.00.
Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in shares of Pagerduty during the second quarter worth $30,808,000. Jennison Associates LLC purchased a new position in shares of Pagerduty during the second quarter valued at $248,000. Carillon Tower Advisers Inc. purchased a new position in shares of Pagerduty during the second quarter valued at $13,032,000. Morgan Stanley purchased a new position in shares of Pagerduty during the second quarter valued at $13,436,000. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Pagerduty during the second quarter valued at $157,000. Institutional investors and hedge funds own 49.33% of the company’s stock.
Pagerduty Company Profile
PagerDuty, Inc operates an On-Call Management platform. The company's platform collects signals from software-enabled system or device, correlates and interprets signals to identify events, and engages team members to take action in real time. It serves developer, IT, security, and customer support segments.
Featured Article: How is the LIBOR rate calculated?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Pagerduty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pagerduty and related companies with MarketBeat.com's FREE daily email newsletter.