PagerDuty (NYSE:PD) Issues 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 opened at $21.01 on Thursday. The company has a fifty day moving average of $18.75 and a two-hundred day moving average of $19.60. The company has a market capitalization of $1.96 billion, a PE ratio of -23.61 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 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 earnings results on Tuesday, September 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $115.94 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned ($0.18) EPS. As a group, analysts expect that PagerDuty will post -0.37 earnings per share for the current year.

Analysts Set New Price Targets

PD has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their target price on shares of PagerDuty from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Morgan Stanley lowered their price objective on shares of PagerDuty from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 4th. Canaccord Genuity Group reduced their target price on shares of PagerDuty from $26.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Scotiabank decreased their target price on shares of PagerDuty from $23.00 to $18.00 and set a “sector perform” rating for the company in a research note on Wednesday, September 4th. Finally, TD Cowen dropped their price target on PagerDuty from $23.00 to $19.00 and set a “hold” rating on the stock in a research 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $22.00.

Insider Buying and Selling

In related news, CEO Jennifer Tejada sold 18,750 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $20.04, for a total transaction of $375,750.00. Following the transaction, the chief executive officer now owns 907,631 shares of the company’s stock, valued at $18,188,925.24. This represents a 2.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Mitra Rezvan sold 2,942 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $18.06, for a total value of $53,132.52. Following the completion of the sale, the chief accounting officer now directly owns 108,449 shares of the company’s stock, valued at approximately $1,958,588.94. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,396 shares of company stock valued at $1,733,561 over the last ninety days. 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.