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.

Analyst Ratings Changes

PD has been the subject of several recent research reports. Royal Bank of Canada lowered their price objective on 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 dropped their price target 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 objective on PagerDuty from $22.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. Bank of America lowered their target price on shares of PagerDuty from $28.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Finally, The Goldman Sachs Group dropped 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, PagerDuty presently has a consensus rating of “Hold” and a consensus price target of $21.82.

PagerDuty Stock Performance

Shares of PD traded up $0.30 during mid-day trading on Tuesday, hitting $20.95. The company’s stock had a trading volume of 1,951,872 shares, compared to its average volume of 1,120,858. The firm has a market capitalization of $1.95 billion, a PE ratio of -23.30 and a beta of 1.07. 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 one year low of $16.46 and a one year high of $26.70. The stock’s 50-day moving average is $18.61 and its two-hundred day moving average is $19.58.

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

Insider Buying and Selling at PagerDuty

In other PagerDuty news, insider Shelley Webb sold 6,246 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $18.12, for a total transaction of $113,177.52. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Mitra Rezvan sold 2,942 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 108,449 shares in the company, valued at $1,958,588.94. The trade was 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 worth $1,733,561 over the last three months. Corporate insiders own 7.60% of the company’s stock.

About PagerDuty

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.