Fintel reports that on June 2, 2023, Baird maintained coverage of Pagerduty (NYSE:PD) with a Outperform recommendation.
Analyst Price Forecast Suggests 26.97% Upside
As of June 2, 2023, the average one-year price target for Pagerduty is 35.24. The forecasts range from a low of 30.30 to a high of $40.95. The average price target represents an increase of 26.97% from its latest reported closing price of 27.75.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Pagerduty is 467MM, an increase of 26.04%. The projected annual non-GAAP EPS is 0.15.
What is the Fund Sentiment?
There are 472 funds or institutions reporting positions in Pagerduty. This is an increase of 46 owner(s) or 10.80% in the last quarter. Average portfolio weight of all funds dedicated to PD is 0.27%, an increase of 30.00%. Total shares owned by institutions increased in the last three months by 2.21% to 107,939K shares. 
The put/call ratio of PD is 0.37, indicating a bullish outlook.
What are Other Shareholders Doing?
ARK Investment Management holds 9,830K shares representing 10.67% ownership of the company. In it's prior filing, the firm reported owning 10,097K shares, representing a decrease of 2.72%. The firm increased its portfolio allocation in PD by 1.68% over the last quarter.
ARKK - ARK Innovation ETF holds 7,716K shares representing 8.38% ownership of the company. In it's prior filing, the firm reported owning 8,066K shares, representing a decrease of 4.53%. The firm increased its portfolio allocation in PD by 14.41% over the last quarter.
William Blair Investment Management holds 4,875K shares representing 5.29% ownership of the company. In it's prior filing, the firm reported owning 4,887K shares, representing a decrease of 0.24%. The firm increased its portfolio allocation in PD by 19.68% over the last quarter.
Nikko Asset Management Americas holds 4,638K shares representing 5.04% ownership of the company. In it's prior filing, the firm reported owning 5,361K shares, representing a decrease of 15.60%. The firm decreased its portfolio allocation in PD by 10.61% over the last quarter.
Sumitomo Mitsui Trust Holdings holds 4,638K shares representing 5.04% ownership of the company. In it's prior filing, the firm reported owning 5,361K shares, representing a decrease of 15.60%. The firm increased its portfolio allocation in PD by 6.41% over the last quarter.
Pagerduty Background Information
(This description is provided by the company.)
PagerDuty, Inc. is a leader in digital operations management. In an always-on world, organizations of all sizes trust PagerDuty to help them deliver a perfect digital experience to their customers, every time. Teams use PagerDuty to identify issues and opportunities in real time and bring together the right people to fix problems faster and prevent them in the future. Notable customers include GE, Cisco, Genentech, Electronic Arts, Cox Automotive, Netflix, Shopify, Zoom, DoorDash, Lululemon and more.
Key filings for this company:
This story originally appeared on Fintel.
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