PagerDuty (PD) to Release Earnings on Thursday

PagerDuty (NYSE:PD – Get Rating) will issue its quarterly earnings data after the market closes on Thursday, June 1st. Analysts expect the company to announce earnings of $0.09 per share for the quarter. PagerDuty has set its Q1 guidance at $0.09-$0.10 EPS and its FY24 guidance at $0.45-$0.50 EPS.Parties interested in registering for the company’s conference call can do so using this link.

PagerDuty (NYSE:PD – Get Rating) last announced its quarterly earnings results on Wednesday, March 15th. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.05. PagerDuty had a negative return on equity of 43.39% and a negative net margin of 34.63%. The company had revenue of $100.97 million during the quarter, compared to analysts’ expectations of $98.89 million. On average, analysts expect PagerDuty to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

PagerDuty Price Performance

Shares of PD opened at $27.64 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.21 and a current ratio of 2.21. The stock has a 50 day simple moving average of $31.25 and a 200 day simple moving average of $28.22. PagerDuty has a 52-week low of $19.51 and a 52-week high of $35.33. The firm has a market capitalization of $2.55 billion, a PE ratio of -19.06 and a beta of 0.93.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PD. Royal Bank of Canada boosted their price objective on PagerDuty from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, April 17th. Credit Suisse Group upped their price target on PagerDuty from $32.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, January 27th. Robert W. Baird upped their price target on PagerDuty from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, March 16th. Finally, Morgan Stanley upped their price target on PagerDuty from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, March 16th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.73.

Insider Transactions at PagerDuty

In related news, SVP Shelley Webb sold 1,401 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $30.06, for a total value of $42,114.06. Following the sale, the senior vice president now owns 137,539 shares in the company, valued at approximately $4,134,422.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other PagerDuty news, insider Mitra Rezvan sold 5,000 shares of the stock in a transaction on Wednesday, April 5th. The stock was sold at an average price of $31.60, for a total transaction of $158,000.00. Following the transaction, the insider now owns 102,840 shares in the company, valued at approximately $3,249,744. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Shelley Webb sold 1,401 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $30.06, for a total value of $42,114.06. Following the transaction, the senior vice president now owns 137,539 shares in the company, valued at approximately $4,134,422.34. The disclosure for this sale can be found here. Insiders have sold a total of 275,588 shares of company stock worth $8,578,097 in the last 90 days. Corporate insiders own 7.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. acquired a new stake in shares of PagerDuty during the 3rd quarter worth $50,000. Point72 Hong Kong Ltd acquired a new stake in shares of PagerDuty during the 2nd quarter worth $50,000. PNC Financial Services Group Inc. boosted its stake in PagerDuty by 270.8% in the first quarter. PNC Financial Services Group Inc. now owns 1,572 shares of the company’s stock valued at $53,000 after buying an additional 1,148 shares in the last quarter. Captrust Financial Advisors boosted its stake in PagerDuty by 755.3% in the second quarter. Captrust Financial Advisors now owns 4,302 shares of the company’s stock valued at $107,000 after buying an additional 3,799 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its stake in PagerDuty by 50.0% in the first quarter. Penserra Capital Management LLC now owns 3,564 shares of the company’s stock valued at $121,000 after buying an additional 1,188 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

About PagerDuty

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PagerDuty, Inc operates a digital operations management platform. It provides incident management solution that integrates with information technology Ops and DevOps monitoring stacks to improve operational reliability and agility. The firm collect machine generated data from virtually any software-enabled system or device, combine it with human response data, correlating and interpreting this data to understand issues and opportunities that need to be addressed in real-time.