PagerDuty (NYSE:PD – Get Rating) updated its fourth quarter 2023 earnings guidance on Saturday. The company provided earnings per share (EPS) guidance of $0.02-$0.03 for the period, compared to the consensus estimate of 0. The company issued revenue guidance of $98.00 million-$100.00 million, compared to the consensus revenue estimate of $99.03 million. PagerDuty also updated its FY 2023 guidance to -$0.01-0 EPS.
Analyst Ratings Changes
Several research firms recently commented on PD. Truist Financial reduced their target price on PagerDuty from $35.00 to $30.00 in a research report on Wednesday, October 26th. Credit Suisse Group initiated coverage on PagerDuty in a research report on Friday, September 23rd. They set an outperform rating and a $32.00 target price for the company. Canaccord Genuity Group cut their price objective on PagerDuty from $32.00 to $31.00 in a report on Monday, December 5th. Royal Bank of Canada cut their price objective on PagerDuty from $38.00 to $32.00 and set an outperform rating for the company in a report on Monday, November 28th. Finally, Morgan Stanley upped their price objective on PagerDuty from $31.00 to $32.00 and gave the stock an equal weight rating in a report on Friday, December 2nd. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, PagerDuty has a consensus rating of Moderate Buy and a consensus target price of $35.38.
PagerDuty Trading Down 0.7 %
NYSE PD opened at $26.56 on Friday. PagerDuty has a 1-year low of $19.51 and a 1-year high of $38.75. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.18. The stock has a 50-day moving average of $23.88 and a 200-day moving average of $24.75. The firm has a market cap of $2.39 billion, a PE ratio of -17.47 and a beta of 1.02.
PagerDuty (NYSE:PD – Get Rating) last released its earnings results on Thursday, December 1st. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.03). PagerDuty had a negative net margin of 38.11% and a negative return on equity of 47.15%. The company had revenue of $94.20 million during the quarter, compared to the consensus estimate of $92.77 million. As a group, sell-side analysts forecast that PagerDuty will post -1.3 EPS for the current year.
Insider Activity
In other news, CRO Dave Justice sold 2,186 shares of the business’s stock in a transaction dated Thursday, December 22nd. The stock was sold at an average price of $26.60, for a total value of $58,147.60. Following the completion of the sale, the executive now owns 397,861 shares of the company’s stock, valued at approximately $10,583,102.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other PagerDuty news, CRO Dave Justice sold 2,186 shares of the company’s stock in a transaction that occurred on Thursday, December 22nd. The stock was sold at an average price of $26.60, for a total transaction of $58,147.60. Following the completion of the transaction, the executive now owns 397,861 shares of the company’s stock, valued at approximately $10,583,102.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Howard Wilson sold 20,615 shares of the company’s stock in a transaction that occurred on Tuesday, December 27th. The shares were sold at an average price of $25.97, for a total value of $535,371.55. Following the transaction, the chief financial officer now directly owns 472,793 shares of the company’s stock, valued at approximately $12,278,434.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,712 shares of company stock valued at $1,873,179. Insiders own 8.70% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in shares of PagerDuty by 102.5% in the 1st quarter. JPMorgan Chase & Co. now owns 263,244 shares of the company’s stock worth $9,000,000 after acquiring an additional 133,253 shares in the last quarter. Raymond James & Associates raised its position in shares of PagerDuty by 18.7% in the 1st quarter. Raymond James & Associates now owns 48,652 shares of the company’s stock worth $1,663,000 after acquiring an additional 7,659 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of PagerDuty by 270.8% in 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 in the last quarter. MetLife Investment Management LLC raised its position in shares of PagerDuty by 53.8% in the 1st quarter. MetLife Investment Management LLC now owns 44,055 shares of the company’s stock worth $1,506,000 after acquiring an additional 15,413 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of PagerDuty by 17.3% in the 1st quarter. Rhumbline Advisers now owns 104,689 shares of the company’s stock worth $3,579,000 after acquiring an additional 15,422 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.
About PagerDuty
PagerDuty, Inc operates a digital operations management platform in the United States, Japan, and internationally. Its digital operations management platform collects data digital signals from virtually any software-enabled system or device, and leverage powerful machine learning to correlate, process, and predict opportunities and issues.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider PagerDuty, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and PagerDuty wasn’t on the list.
While PagerDuty currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Source: news.google.com
