PagerDuty Inc. (NYSE:PD)’s traded shares stood at 2.28 million during the latest session, with the company’s beta value hitting 0.91. At the last check today, the stock’s price was $32.48, to imply an increase of 16.68% or $4.64 in intraday trading. The PD share’s 52-week high remains $38.75, putting it -19.3% down since that peak but still an impressive 39.93% since price per share fell to its 52-week low of $19.51. The company has a valuation of $2.68B, with an average of 1.29 million shares in intraday trading volume over the past 10 days and average of 1.18 million shares over the past 3 months.
Analysts have given a consensus recommendation of a Buy for PagerDuty Inc. (PD), translating to a mean rating of 1.80. Of 11 analyst(s) looking at the stock, 0 analyst(s) give PD a Sell rating. 1 of those analysts rate the stock as Overweight while 2 advise Hold as 8 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.02.
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PagerDuty Inc. (NYSE:PD) trade information
After registering a 16.68% upside in the latest session, PagerDuty Inc. (PD) has traded red over the past five days. The stock hit a weekly high of 32.50 this Wednesday, 03/15/23, jumping 16.68% in its intraday price action. The 5-day price performance for the stock is 12.91%, and 6.89% over 30 days. With these gigs, the year-to-date price performance is 22.30%. Short interest in PagerDuty Inc. (NYSE:PD) saw shorts transact 6.17 million shares and set a 5.19 days time to cover.
Analysts on Wall Street suggest a consensus price target of $34.21, implying an increase of 5.06% to the stock’s recent value. The extremes give us $30.00 and $39.00 for target low and target high price respectively. As such, PD has been trading -20.07% off suggested target high and 7.64% from its likely low.
PagerDuty Inc. (PD) estimates and forecasts
Looking at statistics comparing PagerDuty Inc. share performance against respective industry, we note that the company has outperformed competitors. PagerDuty Inc. (PD) shares are 33.13% up over the last 6 months, with its year-to-date growth rate higher than industry average at 171.43% against 16.70%. Revenue is forecast to grow 150.00% this quarter before jumping 175.00% for the next one. The rating firms project that company’s revenue will grow 31.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is $98.84 million. Meanwhile, for the quarter ending Apr 2023, a total of 8 analyst(s) estimate revenue growth to $104.82 million.Earnings reports from the last fiscal year show that sales brought in $78.51 million and $85.37 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 25.90% before jumping 22.80% in the following quarter.
PagerDuty Inc. has its next earnings report out between May 31 and June 05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. PagerDuty Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
PagerDuty Inc. (NYSE:PD)’s Major holders
PagerDuty Inc. insiders hold 8.60% of total outstanding shares, with institutional holders owning 88.63% of the shares at 96.97% float percentage. In total, 88.63% institutions holds shares in the company, led by ARK Investment Management, LLC. As of Dec 30, 2022, the company held over 10.1 million shares (or 11.22% of shares), all amounting to roughly $268.18 million.
The next major institution holding the largest number of shares is Blackrock Inc. with 8.18 million shares, or about 9.09% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $188.77 million.
We also have ARK ETF Tr-ARK Innovation ETF and Legg Mason Clearbridge Small Cap Growth Fd as the top two Mutual Funds with the largest holdings of the PagerDuty Inc. (PD) shares. Going by data provided on Dec 30, 2022, ARK ETF Tr-ARK Innovation ETF holds roughly 7.72 million shares. This is just over 8.59% of the total shares, with a market valuation of $205.16 million. Data from the same date shows that the other fund manager holds a little less at 2.95 million, or 3.28% of the shares, all valued at about 73.58 million.