PagerDuty (NYSE:PD) Updates Q1 Earnings Guidance

PagerDuty (NYSE:PDGet Free Report) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.12-0.13 for the period, compared to the consensus earnings per share estimate of $0.18. The company issued revenue guidance of $110.5-112.5 million, compared to the consensus revenue estimate of $113.86 million. PagerDuty also updated its FY25 guidance to $0.65-0.70 EPS.

Analyst Ratings Changes

Several equities research analysts have weighed in on PD shares. TD Cowen cut shares of PagerDuty from an outperform rating to a market perform rating and dropped their price target for the company from $29.00 to $23.00 in a research report on Friday, December 1st. Morgan Stanley reiterated an equal weight rating and issued a $30.00 price objective on shares of PagerDuty in a report on Wednesday, January 24th. Bank of America started coverage on shares of PagerDuty in a research report on Thursday, December 14th. They set a buy rating and a $30.00 price objective on the stock. Finally, Royal Bank of Canada lowered their price objective on shares of PagerDuty from $32.00 to $31.00 and set an outperform rating for the company in a report on Friday, December 1st. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $27.00.

Read Our Latest Report on PagerDuty

PagerDuty Stock Down 2.0 %

PagerDuty stock traded down $0.46 during trading hours on Thursday, hitting $22.93. The stock had a trading volume of 1,851,465 shares, compared to its average volume of 1,349,908. The stock’s 50-day moving average price is $24.21 and its 200-day moving average price is $22.90. PagerDuty has a 12-month low of $19.18 and a 12-month high of $35.33. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 2.65. The stock has a market capitalization of $2.13 billion, a P/E ratio of -28.52 and a beta of 0.92.

Insiders Place Their Bets

In other PagerDuty news, CFO Howard Wilson sold 8,893 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $25.09, for a total transaction of $223,125.37. Following the transaction, the chief financial officer now owns 507,672 shares in the company, valued at approximately $12,737,490.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Shelley Webb sold 5,519 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $21.40, for a total value of $118,106.60. Following the transaction, the senior vice president now owns 177,087 shares of the company’s stock, valued at $3,789,661.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Howard Wilson sold 8,893 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $25.09, for a total transaction of $223,125.37. Following the sale, the chief financial officer now directly owns 507,672 shares of the company’s stock, valued at $12,737,490.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,298 shares of company stock valued at $1,364,392. Corporate insiders own 7.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its stake in PagerDuty by 270.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,572 shares of the company’s stock worth $53,000 after acquiring an additional 1,148 shares during the period. Quarry LP raised its position in shares of PagerDuty by 614.2% during the 2nd quarter. Quarry LP now owns 1,764 shares of the company’s stock valued at $40,000 after purchasing an additional 1,517 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of PagerDuty during the 2nd quarter valued at $50,000. Federated Hermes Inc. bought a new position in PagerDuty in the 3rd quarter worth $50,000. Finally, Penserra Capital Management LLC increased its stake in PagerDuty by 50.0% in the 1st quarter. Penserra Capital Management LLC now owns 3,564 shares of the company’s stock worth $121,000 after buying an additional 1,188 shares in the last quarter. 89.94% of the stock is owned by hedge funds and other institutional investors.

PagerDuty Company Profile

(Get Free Report)

PagerDuty, Inc engages in the operation of a digital operations management platform in the United States, EMEA, the Asia Pacific, and Japan. The company's digital operations management platform collects data and digital signals from virtually any software-enabled system or device and leverage powerful machine learning to correlate, process, and predict opportunities and issues.

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