PagerDuty (NYSE:PD) Issues Quarterly Earnings Results, Beats Expectations By $0.08 EPS

by · The Cerbat Gem

PagerDuty (NYSE:PD – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.08, FiscalAI reports. PagerDuty had a return on equity of 16.29% and a net margin of 35.30%.The company had revenue of $120.97 million during the quarter, compared to analyst estimates of $119.52 million.

PagerDuty Price Performance

Shares of PD traded up $0.24 during mid-day trading on Thursday, reaching $7.43. 2,533,577 shares of the stock traded hands, compared to its average volume of 2,844,291. The firm has a fifty day moving average price of $6.65 and a 200 day moving average price of $9.49. The company has a market cap of $631.48 million, a price-to-earnings ratio of 4.04, a price-to-earnings-growth ratio of 3.19 and a beta of 0.78. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 1.56. PagerDuty has a 1 year low of $5.70 and a 1 year high of $18.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. One68 Global Capital LLC grew its position in PagerDuty by 80.0% in the fourth quarter. One68 Global Capital LLC now owns 18,000 shares of the company’s stock worth $236,000 after acquiring an additional 8,000 shares in the last quarter. Man Group plc purchased a new stake in PagerDuty in the fourth quarter worth approximately $229,000. Mercer Global Advisors Inc. ADV purchased a new stake in PagerDuty in the third quarter worth approximately $210,000. Sei Investments Co. purchased a new stake in PagerDuty in the third quarter worth approximately $218,000. Finally, Caxton Associates LLP purchased a new stake in PagerDuty in the second quarter worth approximately $186,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on PD shares. TD Cowen reduced their price objective on shares of PagerDuty from $20.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Wall Street Zen lowered shares of PagerDuty from a “buy” rating to a “hold” rating in a research note on Monday. William Blair reiterated a “market perform” rating on shares of PagerDuty in a research note on Friday, March 13th. Truist Financial reduced their price objective on shares of PagerDuty from $12.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Finally, Canaccord Genuity Group reduced their price objective on shares of PagerDuty from $19.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.78.

Get Our Latest Stock Analysis on PD

About PagerDuty

(Get Free Report)

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. Its platform includes PagerDuty Incident Management that provides a real-time view across the status of a digital service while incorporating noise reduction to remove false positives; AIOps that applies machine learning to correlate and automate the identification of incidents from billions of events; Process Automation offers centralized design time and run time environment for orchestrating automated workflows that span across departments, technologies, and networks; Customer Service Operations, which is offered to orchestrate, automate, and scale responses to customer impacting issues.

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