Pagerduty (NYSE:PD) Stock Price Down 5.6%

Shares of Pagerduty Inc (NYSE:PD) fell 5.6% during mid-day trading on Thursday . The stock traded as low as $33.25 and last traded at $33.75, 1,025,800 shares changed hands during trading. An increase of 75% from the average session volume of 584,856 shares. The stock had previously closed at $35.75.

Several brokerages have issued reports on PD. Raymond James reaffirmed a “buy” rating and set a $4.75 price target on shares of Pagerduty in a research note on Friday, July 26th. KeyCorp began coverage on Pagerduty in a research note on Monday, May 6th. They set a “sector weight” rating for the company. Zacks Investment Research lowered Pagerduty from a “hold” rating to a “sell” rating in a research note on Tuesday, July 9th. Royal Bank of Canada upgraded Pagerduty from a “sector perform” rating to an “outperform” rating and set a $49.00 price objective on the stock in a report on Wednesday. Finally, Piper Jaffray Companies lifted their price objective on Pagerduty from $52.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, June 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Pagerduty has a consensus rating of “Buy” and an average price target of $42.79.

The firm has a fifty day moving average price of $44.32.

Pagerduty (NYSE:PD) last released its quarterly earnings data on Thursday, June 6th. The company reported ($0.22) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. The company had revenue of $25.00 million during the quarter, compared to analysts’ expectations of $34.92 million. During the same quarter in the prior year, the firm posted $37.30 EPS. On average, equities research analysts expect that Pagerduty Inc will post -0.37 earnings per share for the current year.

A number of large investors have recently made changes to their positions in PD. Public Employees Retirement System of Ohio purchased a new position in Pagerduty during the 2nd quarter valued at about $70,000. NumerixS Investment Technologies Inc purchased a new position in Pagerduty during the 2nd quarter valued at about $85,000. Flagship Harbor Advisors LLC purchased a new position in Pagerduty during the 2nd quarter valued at about $157,000. Scotia Capital Inc. purchased a new position in Pagerduty during the 2nd quarter valued at about $203,000. Finally, Stevens Capital Management LP purchased a new position in Pagerduty during the 2nd quarter valued at about $226,000. Institutional investors own 0.18% of the company’s stock.

Pagerduty Company Profile (NYSE:PD)

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.

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