PagerDuty (NYSE:PD) Releases Q4 Earnings Guidance

PagerDuty (NYSE:PD) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.15-0.16 for the period, compared to the consensus EPS 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 Price Performance

PagerDuty stock opened at $20.91 on Wednesday. The stock’s 50 day moving average price is $18.68 and its 200 day moving average price is $19.59. The company has a debt-to-equity ratio of 2.38, a quick ratio of 2.13 and a current ratio of 2.13. PagerDuty has a 1-year low of $16.46 and a 1-year high of $26.70.

PagerDuty (NYSE:PD) last issued its 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 company had revenue of $115.94 million for the quarter, compared to analyst estimates of $116.52 million. PagerDuty had a negative net margin of 18.58% and a negative return on equity of 25.83%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.18) EPS. Equities analysts anticipate that PagerDuty will post -0.37 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PD. Canaccord Genuity Group cut their price target on PagerDuty from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Royal Bank of Canada cut their target price on shares of PagerDuty from $27.00 to $22.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. Morgan Stanley lowered 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 report on Wednesday, September 4th. The Goldman Sachs Group dropped their price objective on shares of PagerDuty from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Finally, JPMorgan Chase & Co. reduced their target price on PagerDuty from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $21.82.

Insider Activity

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