PagerDuty Inc. (NYSE:PD) Shares Plunges -3.16% In A Week – But Can It Keep Rising? – Marketing Sentinel
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PagerDuty Inc. (NYSE:PD) Shares Plunges -3.16% In A Week – But Can It Keep Rising?

In last trading session, PagerDuty Inc. (NYSE:PD) saw 1.06 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $30.64 trading at -$1.73 or -5.34% at ring of the bell on the day assigns it a market valuation of $2.58B. That closing price of PD’s stock is at a discount of -90.47% from its 52-week high price of $58.36 and is indicating a premium of 4.86% from its 52-week low price of $29.15. Taking a look at company’s average trading volume of 1.15 million if we extend that period to 3-months.

For PagerDuty Inc. (PD), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 1.90. Splitting up the data highlights that, out of 10 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.06 in the current quarter.

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PagerDuty Inc. (NYSE:PD) trade information

Upright in the red during last session for losing -5.34%, in the last five days PD remained trading in the red while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $30.64 price level, adding 11.83% to its value on the day. PagerDuty Inc.’s shares saw a change of -11.83% in year-to-date performance and have moved -3.16% in past 5-day. PagerDuty Inc. (NYSE:PD) showed a performance of -5.34% in past 30-days.

Wall Street analysts have assigned a consensus price target of $53.56 to the stock, which implies a rise of 42.79% to its current value. Analysts have been projecting $45.00 as a low price target for the stock while placing it at a high target of $66.00. It follows that stock’s current price would drop -115.4% in reaching the projected high whereas dropping to the targeted low would mean a loss of -46.87% for stock’s current value.

PagerDuty Inc. (PD) estimates and forecasts

Statistics highlight that PagerDuty Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -20.31% of value to its shares in past 6 months, showing an annual growth rate of -41.67% while that of industry is -1.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 14.30% in the current quarter and calculating 25.00% increase in the next quarter. This year revenue growth is estimated to rise 30.70% from the last financial year’s standing.

6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $76.06 million for the same. And 6 analysts are in estimates of company making revenue of $80.23 million in the next quarter that will end on Apr 2022.

In 2022, company’s earnings growth rate is likely to be around -12.70% while estimates for its earnings growth in next 5 years are of 30.00%.

PD Dividends

PagerDuty Inc. is more likely to be releasing its next quarterly report between March 15 and March 21 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

PagerDuty Inc. (NYSE:PD)’s Major holders

Insiders are in possession of 13.47% of company’s total shares while institution are holding 90.06 percent of that, with stock having share float percentage of 104.08%. Investors also watch the number of corporate investors in a company very closely, which is 90.06% institutions for PagerDuty Inc. that are currently holding shares of the company. ARK Investment Management, LLC is the top institutional holder at PD for having 10.0 million shares of worth $414.07 million. And as of Sep 29, 2021, it was holding 11.63% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 8.63 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 10.04% of outstanding shares, having a total worth of $357.45 million.

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On the other hand, ARK ETF Tr-ARK Innovation ETF and Legg Mason Clearbridge Small Cap Growth Fd are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 6.85 million shares of worth $286.09 million or 7.97% of the total outstanding shares. The later fund manager was in possession of 3.11 million shares on Oct 30, 2021, making its stake of worth around $129.84 million in the company or a holder of 3.62% of company’s stock.

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