PagerDuty (NYSE:PD) Releases Q4 Earnings Guidance

PagerDuty (NYSE:PD) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.15-0.16 for the period, compared to the consensus earnings per share estimate of $0.16. The company issued revenue guidance of $118.5-120.5 million, compared to the consensus revenue estimate of $121.57 million.

PagerDuty Stock Performance

NYSE:PD traded up $0.26 during trading hours on Tuesday, reaching $20.91. 1,943,651 shares of the company’s stock were exchanged, compared to its average volume of 1,120,968. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.38. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of -23.30 and a beta of 1.07. PagerDuty has a 1-year low of $16.46 and a 1-year high of $26.70. The company has a 50-day moving average of $18.61 and a 200 day moving average of $19.58.

PagerDuty (NYSE:PD) last released its quarterly earnings results on Tuesday, September 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $115.94 million for the quarter, compared to analyst estimates of $116.52 million. PagerDuty had a negative return on equity of 25.83% and a negative net margin of 18.58%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted ($0.18) earnings per share. Research analysts anticipate that PagerDuty will post -0.37 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PD shares. TD Cowen lowered their price objective on shares of PagerDuty from $23.00 to $19.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Morgan Stanley dropped their price target on shares of PagerDuty from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 4th. Bank of America reduced their price objective on shares of PagerDuty from $28.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Craig Hallum dropped their target price on PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Finally, The Goldman Sachs Group decreased their price target on PagerDuty from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, PagerDuty presently has an average rating of “Hold” and a consensus target price of $21.82.

Insider Buying and Selling

In other news, CEO Jennifer Tejada sold 38,392 shares of PagerDuty stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $20.05, for a total transaction of $769,759.60. Following the completion of the sale, the chief executive officer now directly owns 907,631 shares in the company, valued at $18,198,001.55. The trade was a 4.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shelley Webb sold 6,246 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $18.12, for a total transaction of $113,177.52. Following the sale, the insider now owns 216,572 shares in the company, valued at approximately $3,924,284.64. This trade represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 87,396 shares of company stock worth $1,733,561 in the last three months. Corporate insiders own 7.60% of the company’s stock.

PagerDuty Company Profile

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.