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.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. TD Cowen dropped their target price on shares of PagerDuty from $23.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Craig Hallum dropped their price objective on PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Morgan Stanley decreased their target price on PagerDuty from $24.00 to $19.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 4th. Robert W. Baird dropped their price target on PagerDuty from $22.00 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Finally, Canaccord Genuity Group decreased their price objective on PagerDuty from $26.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $22.00.

PagerDuty Stock Up 0.5 %

Shares of PagerDuty stock opened at $21.01 on Friday. The company’s 50-day moving average price is $18.81 and its 200-day moving average price is $19.61. PagerDuty has a 12-month low of $16.46 and a 12-month high of $26.70. The company has a debt-to-equity ratio of 2.38, a current ratio of 2.13 and a quick ratio of 2.13.

PagerDuty (NYSE:PD) last announced its quarterly earnings results on Tuesday, September 3rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. PagerDuty had a negative net margin of 16.29% and a negative return on equity of 20.13%. The firm had revenue of $115.94 million during the quarter, compared to the consensus estimate of $116.52 million. During the same period last year, the firm earned ($0.18) EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, research analysts expect that PagerDuty will post -0.37 earnings per share for the current year.

Insider Activity

In other news, CFO Howard Wilson sold 21,066 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $20.02, for a total transaction of $421,741.32. Following the sale, the chief financial officer now owns 545,742 shares in the company, valued at approximately $10,925,754.84. This trade represents a 3.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shelley Webb sold 6,246 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now owns 216,572 shares of the company’s stock, valued at $3,924,284.64. This trade represents a 2.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 87,396 shares of company stock worth $1,733,561. 7.60% of the stock is currently owned by 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.