Pagerduty Inc [PD] stock prices are up 2.75% to $23.17 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PD shares have gain 7.17% over the last week, with a monthly amount drifted -6.04%, and not seem to be holding up well over a long-time horizon.
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On 27, March 2024, PagerDuty Study Reveals Security Concerns Are Slowing Adoption of GenAI Among the World’s Largest Companies. In a post published today on Yahoo Finance, 98% of top tech execs paused their corporate genAI initiatives to establish policies.
From an analyst’s perspective:
Pagerduty Inc [NYSE: PD] stock has seen the most recent analyst activity on March 18, 2024, when Truist upgraded its rating to a Buy and also boosted its price target to $30 from $25. Previously, Morgan Stanley downgraded its rating to Equal-Weight on January 24, 2024, and kept the price target unchanged to $30. On December 14, 2023, BofA Securities initiated with a Buy rating and assigned a price target of $30 on the stock. TD Cowen downgraded its rating to a Market Perform and decreased its price target to $23 on December 01, 2023. Robert W. Baird downgraded its rating to a Neutral and reduced its price target to $25 on September 01, 2023. Craig Hallum downgraded its rating to Hold for this stock on June 02, 2023, but kept the price target unchanged to $26. In a note dated January 20, 2023, Morgan Stanley upgraded an Overweight rating on this stock and boosted its target price from $32 to $36.
The stock price of Pagerduty Inc [PD] has been fluctuating between $19.18 and $35.06 over the past year. Currently, Wall Street analysts expect the stock to reach $34.57 within the next 12 months. Pagerduty Inc [NYSE: PD] shares were valued at $23.17 at the most recent close of the market. An investor can expect a potential return of 49.2% based on the average PD price forecast.
Analyzing the PD fundamentals
The Pagerduty Inc [NYSE:PD] reported sales of 430.70M for trailing twelve months, representing a surge of 10.05%. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at -0.21%, Pretax Profit Margin comes in at -0.18%, and Net Profit Margin reading is -0.18%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.36 and Total Capital is -0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.65.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.59 points at the first support level, and at 22.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.57, and for the 2nd resistance point, it is at 23.98.
Pagerduty Inc [PD] reported earnings per share of $0.17 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.15/share, meaning a difference of $0.02 and a surprise factor of 13.30%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $0.21 per share as compared to estimates of $0.14 per share, a difference of $0.07 representing a surprise of 50.00%.
Ratios To Look Out For
It’s worth pointing out that Pagerduty Inc [NYSE:PD]’s Current Ratio is 2.43. Also, the Quick Ratio is 2.43, while the Cash Ratio stands at 1.28. Considering the valuation of this stock, the price to sales ratio is 4.99, the price to book ratio is 12.52.
Transactions by insiders
Recent insider trading involved WEBB SHELLEY, Chief Legal Officer, that happened on Apr 04 ’24 when 6859.0 shares were sold. SVP Finance & CAO, REZVAN MITRA completed a deal on Apr 02 ’24 to sell 2215.0 shares. Meanwhile, Chief Financial Officer Wilson Howard sold 8893.0 shares on Feb 12 ’24.
