PagerDuty (NYSE:PD – Get Rating) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $(0.09)-$(0.08) for the period, compared to the consensus estimate of ($0.08). The company issued revenue guidance of $87-89 million, compared to the consensus revenue estimate of $87.41 million.PagerDuty also updated its FY 2023 guidance to -$0.21–$0.17 EPS.
Shares of PD traded up $2.03 during trading hours on Thursday, reaching $27.43. 2,078,637 shares of the company’s stock traded hands, compared to its average volume of 1,402,302. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of -21.60 and a beta of 1.23. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.84 and a quick ratio of 2.84. PagerDuty has a twelve month low of $21.72 and a twelve month high of $50.33. The business’s fifty day simple moving average is $29.10 and its two-hundred day simple moving average is $31.81.
PagerDuty (NYSE:PD – Get Rating) last released its earnings results on Thursday, June 2nd. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.04. The firm had revenue of $85.37 million for the quarter, compared to analyst estimates of $82.67 million. PagerDuty had a negative return on equity of 38.39% and a negative net margin of 38.19%. PagerDuty’s revenue was up 34.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.27) earnings per share. On average, equities research analysts expect that PagerDuty will post -1.18 EPS for the current year.
A number of equities analysts recently weighed in on the company. Cowen dropped their price target on PagerDuty to $40.00 in a research note on Friday, May 27th. Morgan Stanley decreased their price objective on PagerDuty from $49.00 to $32.00 and set an equal weight rating for the company in a research report on Thursday, May 19th. Royal Bank of Canada decreased their price objective on PagerDuty from $46.00 to $41.00 in a research report on Tuesday. Zacks Investment Research upgraded PagerDuty from a sell rating to a hold rating in a research report on Wednesday, May 18th. Finally, Monness Crespi & Hardt decreased their price objective on PagerDuty to $35.00 in a research report on Thursday, May 26th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of $49.73.
In other PagerDuty news, CRO Dave Justice sold 1,737 shares of the business’s stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $37.97, for a total value of $65,953.89. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jennifer Tejada sold 68,182 shares of the business’s stock in a transaction on Wednesday, March 9th. The stock was sold at an average price of $30.27, for a total value of $2,063,869.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 204,174 shares of company stock worth $6,591,036. 8.70% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of PD. Quantbot Technologies LP increased its holdings in shares of PagerDuty by 485.3% in the first quarter. Quantbot Technologies LP now owns 21,627 shares of the company’s stock worth $739,000 after acquiring an additional 17,932 shares in the last quarter. Blair William & Co. IL bought a new position in shares of PagerDuty during the first quarter worth about $591,000. Graham Capital Management L.P. grew its holdings in shares of PagerDuty by 116.3% during the first quarter. Graham Capital Management L.P. now owns 16,423 shares of the company’s stock worth $561,000 after buying an additional 8,829 shares in the last quarter. Vident Investment Advisory LLC grew its holdings in shares of PagerDuty by 75.7% during the fourth quarter. Vident Investment Advisory LLC now owns 10,392 shares of the company’s stock worth $361,000 after buying an additional 4,478 shares in the last quarter. Finally, Interchange Capital Partners LLC grew its holdings in shares of PagerDuty by 16.3% during the first quarter. Interchange Capital Partners LLC now owns 9,158 shares of the company’s stock worth $313,000 after buying an additional 1,281 shares in the last quarter. 89.33% of the stock is currently owned by institutional investors and hedge funds.
PagerDuty Company Profile (Get Rating)
PagerDuty, Inc operates a digital operations management platform in the United States and internationally. Its digital operations management platform collects data digital signals from virtually any software-enabled system or device, and leverage powerful machine learning to correlate, process, and predict opportunities and issues.
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