PagerDuty (NYSE:PD) Updates Q2 2023 Earnings Steerage – MarketBeat - Stock Invest Yard

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Thursday, June 23, 2022

PagerDuty (NYSE:PD) Updates Q2 2023 Earnings Steerage – MarketBeat

PagerDuty (NYSE:PDGet Rating) up to date its second quarter 2023 earnings steering on Thursday. The corporate supplied earnings per share steering of -$0.09–$0.08 for the interval, in comparison with the consensus earnings per share estimate of -$0.08. The corporate issued income steering of $87.00 million-$89.00 million, in comparison with the consensus income estimate of $87.20 million. PagerDuty additionally up to date its FY 2023 steering to -$0.21–$0.17 EPS.

Shares of PD opened at $25.50 on Thursday. The agency has a market capitalization of $2.24 billion, a PE ratio of -18.48 and a beta of 1.22. The corporate’s 50-day transferring common is $26.67 and its 200-day transferring common is $30.70. PagerDuty has a fifty-two week low of $21.72 and a fifty-two week excessive of $50.33. The corporate has a debt-to-equity ratio of 1.10, a present ratio of two.54 and a fast ratio of two.54.

PagerDuty (NYSE:PDGet Rating) final issued its quarterly earnings knowledge on Thursday, June 2nd. The corporate reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.04. The corporate had income of $85.37 million for the quarter, in comparison with analyst estimates of $82.67 million. PagerDuty had a damaging internet margin of 38.83% and a damaging return on fairness of 41.92%. The corporate’s income was up 34.3% on a year-over-year foundation. Throughout the identical interval within the prior 12 months, the agency earned ($0.27) earnings per share. Analysts predict that PagerDuty will publish -1.25 earnings per share for the present fiscal 12 months.

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A number of equities analysts not too long ago commented on the inventory. Morgan Stanley decreased their value goal on shares of PagerDuty from $49.00 to $32.00 and set an equal weight score on the inventory in a analysis word on Thursday, Might nineteenth. Craig Hallum decreased their value goal on shares of PagerDuty from $45.00 to $37.00 and set a purchase score on the inventory in a analysis word on Friday, June third. Cowen decreased their value goal on shares of PagerDuty to $40.00 in a analysis word on Friday, Might twenty seventh. Royal Financial institution of Canada decreased their value goal on shares of PagerDuty from $46.00 to $41.00 in a analysis word on Tuesday, Might thirty first. Lastly, Monness Crespi & Hardt decreased their value goal on shares of PagerDuty to $35.00 in a analysis word on Thursday, Might twenty sixth. Two analysis analysts have rated the inventory with a maintain score and 9 have assigned a purchase score to the inventory. Based mostly on knowledge from MarketBeat.com, the corporate has a mean score of Reasonable Purchase and a mean goal value of $47.38.

In different PagerDuty information, CEO Jennifer Tejada bought 68,182 shares of the agency’s inventory in a transaction that occurred on Monday, April eleventh. The shares have been bought at a mean value of $31.17, for a complete transaction of $2,125,232.94. Following the completion of the transaction, the chief government officer now owns 897,974 shares within the firm, valued at roughly $27,989,849.58. The transaction was disclosed in a doc filed with the SEC, which could be accessed by means of the SEC website. Additionally, CRO Dave Justice bought 1,737 shares of the agency’s inventory in a transaction that occurred on Thursday, March thirty first. The inventory was bought at a mean value of $34.97, for a complete transaction of $60,742.89. Following the transaction, the chief now owns 298,427 shares of the corporate’s inventory, valued at roughly $10,435,992.19. The disclosure for this sale could be discovered here. Within the final quarter, insiders bought 131,992 shares of firm inventory valued at $4,384,807. 8.70% of the inventory is owned by firm insiders.

A number of massive traders have not too long ago added to or decreased their stakes in PD. Goldman Sachs Group Inc. elevated its stake in shares of PagerDuty by 47.4% within the 1st quarter. Goldman Sachs Group Inc. now owns 1,099,664 shares of the corporate’s inventory valued at $37,598,000 after buying an extra 353,682 shares within the final quarter. Renaissance Applied sciences LLC purchased a brand new stake in shares of PagerDuty within the 1st quarter valued at $8,527,000. JPMorgan Chase & Co. elevated its stake in shares of PagerDuty by 102.5% within the 1st quarter. JPMorgan Chase & Co. now owns 263,244 shares of the corporate’s inventory valued at $9,000,000 after buying an extra 133,253 shares within the final quarter. Vanguard Group Inc. grew its place in PagerDuty by 1.2% within the 1st quarter. Vanguard Group Inc. now owns 6,783,833 shares of the corporate’s inventory valued at $231,939,000 after buying an extra 80,474 shares through the interval. Lastly, Prudential Monetary Inc. grew its place in PagerDuty by 866.6% within the 1st quarter. Prudential Monetary Inc. now owns 60,123 shares of the corporate’s inventory valued at $2,055,000 after buying an extra 53,903 shares through the interval. Institutional traders personal 89.33% of the corporate’s inventory.

About PagerDuty (Get Rating)

PagerDuty, Inc operates a digital operations administration platform in america, Japan, and internationally. Its digital operations administration platform collects knowledge digital indicators from just about any software-enabled system or system, and leverage highly effective machine studying to correlate, course of, and predict alternatives and points.

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This prompt information alert was generated by narrative science expertise and monetary knowledge from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to [email protected]

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