PagerDuty (NYSE:PD) Updates Q4 Earnings Guidance

PagerDuty (NYSE:PD) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.15-0.16 for the period, compared to the consensus 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.

Analyst Ratings Changes

A number of research firms have recently issued reports on PD. Morgan Stanley lowered their target price on PagerDuty from $24.00 to $19.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 4th. Robert W. Baird dropped their price objective on shares of PagerDuty from $22.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. JPMorgan Chase & Co. decreased their target price on shares of PagerDuty from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. TD Cowen lowered their price target on shares of PagerDuty from $23.00 to $19.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Finally, Bank of America cut their price objective on shares of PagerDuty from $28.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $21.82.

PagerDuty Stock Up 1.3 %

NYSE PD opened at $20.91 on Wednesday. The company’s fifty day moving average price is $18.68 and its two-hundred day moving average price is $19.59. PagerDuty has a 12 month low of $16.46 and a 12 month high of $26.70. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 2.38.

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

Insider Transactions at PagerDuty

In related news, CAO Mitra Rezvan sold 2,942 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $18.06, for a total transaction of $53,132.52. Following the completion of the sale, the chief accounting officer now owns 108,449 shares of the company’s stock, valued at $1,958,588.94. This represents a 2.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shelley Webb sold 6,246 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $18.12, for a total transaction of $113,177.52. Following the completion of the transaction, the insider now directly owns 216,572 shares in the company, valued at $3,924,284.64. This represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,396 shares of company stock worth $1,733,561. 7.60% of the stock is currently owned by corporate insiders.

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.