PagerDuty (NYSE:PD – Get Free Report) updated its third quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.13-$0.14 for the period, compared to the consensus earnings per share estimate of $0.15. The company issued revenue guidance of $106.50 million-$108.50 million, compared to the consensus revenue estimate of $106.91 million. PagerDuty also updated its FY 2024 guidance to $0.60-$0.65 EPS.
PagerDuty Price Performance
Shares of PD stock opened at $23.95 on Wednesday. PagerDuty has a 1 year low of $19.51 and a 1 year high of $35.33. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 1.12. The firm’s 50 day moving average is $24.00 and its 200-day moving average is $27.13.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Truist Financial reduced their price objective on PagerDuty from $30.00 to $25.00 and set a hold rating on the stock in a report on Friday, September 1st. Robert W. Baird downgraded PagerDuty from an outperform rating to a neutral rating and dropped their target price for the stock from $32.00 to $25.00 in a research report on Friday, September 1st. Royal Bank of Canada reiterated an outperform rating and issued a $32.00 price target on shares of PagerDuty in a report on Friday, September 1st. Finally, Craig Hallum dropped their price objective on PagerDuty from $26.00 to $25.00 and set a hold rating for the company in a report on Friday, September 1st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $30.57.
Insider Buying and Selling at PagerDuty
In other news, CFO Howard Wilson sold 4,260 shares of the business’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $25.03, for a total value of $106,627.80. Following the completion of the transaction, the chief financial officer now owns 557,046 shares of the company’s stock, valued at approximately $13,942,861.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other PagerDuty news, Director Rathi Murthy sold 45,000 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $21.44, for a total transaction of $964,800.00. Following the sale, the director now directly owns 23,375 shares in the company, valued at approximately $501,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Howard Wilson sold 4,260 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $25.03, for a total transaction of $106,627.80. Following the completion of the transaction, the chief financial officer now owns 557,046 shares of the company’s stock, valued at approximately $13,942,861.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,470 shares of company stock valued at $1,101,691. 7.90% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On PagerDuty
A number of hedge funds and other institutional investors have recently made changes to their positions in PD. Quarry LP boosted its stake in PagerDuty by 614.2% in the 2nd quarter. Quarry LP now owns 1,764 shares of the company’s stock worth $40,000 after purchasing an additional 1,517 shares during the period. Federated Hermes Inc. bought a new stake in shares of PagerDuty in the third quarter valued at about $50,000. Point72 Hong Kong Ltd bought a new stake in shares of PagerDuty in the second quarter valued at about $50,000. PNC Financial Services Group Inc. boosted its position in shares of PagerDuty by 270.8% during the first quarter. PNC Financial Services Group Inc. now owns 1,572 shares of the company’s stock worth $53,000 after buying an additional 1,148 shares during the period. Finally, Captrust Financial Advisors grew its holdings in shares of PagerDuty by 755.3% during the second quarter. Captrust Financial Advisors now owns 4,302 shares of the company’s stock worth $107,000 after buying an additional 3,799 shares in the last quarter. 89.94% of the stock is currently owned by institutional investors and hedge funds.
PagerDuty Company Profile
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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