PagerDuty (NYSE:PD) Issues Q3 Earnings Guidance

PagerDuty (NYSE:PD) updated its third quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.16-0.17 for the period, compared to the consensus EPS estimate of $0.18. The company issued revenue guidance of $115.5-117.5 million, compared to the consensus revenue estimate of $120.44 million. PagerDuty also updated its FY25 guidance to $0.67-0.72 EPS.

PagerDuty Stock Down 7.5 %

Shares of PagerDuty stock traded down $1.49 during trading on Tuesday, hitting $18.29. 2,134,341 shares of the stock were exchanged, compared to its average volume of 1,209,443. The company has a debt-to-equity ratio of 2.58, a current ratio of 2.59 and a quick ratio of 2.59. The firm’s 50-day moving average price is $20.46 and its 200 day moving average price is $21.19. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of -19.58 and a beta of 1.07. PagerDuty has a 12-month low of $17.92 and a 12-month high of $26.70.

Analysts Set New Price Targets

PD has been the subject of a number of research reports. The Goldman Sachs Group started coverage on shares of PagerDuty in a research note on Thursday, July 18th. They set a neutral rating and a $24.00 target price for the company. Canaccord Genuity Group cut their price target on shares of PagerDuty from $27.00 to $26.00 and set a buy rating for the company in a report on Friday, May 31st. Scotiabank started coverage on shares of PagerDuty in a research report on Friday, June 28th. They issued a sector perform rating and a $23.00 price objective for the company. JPMorgan Chase & Co. began coverage on PagerDuty in a research note on Thursday, June 27th. They set a neutral rating and a $24.00 target price for the company. Finally, Craig Hallum raised PagerDuty from a hold rating to a buy rating and raised their price target for the company from $21.00 to $30.00 in a report on Wednesday, June 12th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $26.64.

Insider Buying and Selling at PagerDuty

In other PagerDuty news, insider Shelley Webb sold 5,732 shares of PagerDuty stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $21.98, for a total transaction of $125,989.36. Following the transaction, the insider now owns 235,657 shares of the company’s stock, valued at approximately $5,179,740.86. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Shelley Webb sold 5,732 shares of PagerDuty stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $21.98, for a total transaction of $125,989.36. Following the completion of the sale, the insider now directly owns 235,657 shares in the company, valued at approximately $5,179,740.86. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jennifer Tejada sold 31,250 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $21.07, for a total transaction of $658,437.50. Following the completion of the sale, the chief executive officer now directly owns 1,023,579 shares of the company’s stock, valued at $21,566,809.53. The disclosure for this sale can be found here. Insiders have sold a total of 110,244 shares of company stock valued at $2,316,980 in the last three months. 7.60% of the stock is currently owned by company insiders.

About PagerDuty

PagerDuty, Inc engages in the operation of a digital operations management platform in the United States and internationally. The company's digital operations management platform collects data and digital signals from virtually any software-enabled system or device and leverage machine learning to correlate, process, and predict opportunities and issues.