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In a report released today, Brian White from Monness maintained a Buy rating on PagerDuty (PD – Research Report), with a price target of $66.00. The company’s shares closed last Tuesday at $35.05.
According to TipRanks.com, White is a top 100 analyst with an average return of 23.2% and a 72.3% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Alphabet Class A, and Meta Platforms.
PagerDuty has an analyst consensus of Strong Buy, with a price target consensus of $57.64.
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Based on PagerDuty’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $71.76 million and GAAP net loss of $26.34 million. In comparison, last year the company earned revenue of $53.77 million and had a GAAP net loss of $20.61 million.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PD in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
PagerDuty, Inc. operates a digital operations management platform. It provides incident management solution that integrates with information technology Ops and DevOps monitoring stacks to improve operational reliability and agility. The company was founded by Andrew Miklas, Baskar Puvanathasan, and Dan Alexandru Solomon in 2009 and is headquartered in San Francisco, CA.
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