PagerDuty (NYSE:PD – Get Free Report) issued its earnings results on Thursday. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01, FiscalAI reports. PagerDuty had a net margin of 38.60% and a return on equity of 18.20%. The company had revenue of $124.44 million for the quarter, compared to the consensus estimate of $123.27 million. PagerDuty updated its FY 2027 guidance to 1.330-1.370 EPS and its Q3 2027 guidance to 0.340-0.360 EPS.
PagerDuty Trading Up 3.8%
PD traded up $0.47 during mid-day trading on Thursday, reaching $12.66. The stock had a trading volume of 1,729,692 shares, compared to its average volume of 2,459,784. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.95 and a current ratio of 1.95. PagerDuty has a 52 week low of $5.70 and a 52 week high of $17.29. The stock has a market capitalization of $976.30 million, a P/E ratio of 6.21, a P/E/G ratio of 3.14 and a beta of 0.93. The firm’s fifty day simple moving average is $10.49 and its two-hundred day simple moving average is $8.37.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Royal Bank Of Canada boosted their price target on shares of PagerDuty from $9.00 to $12.00 and gave the company a “sector perform” rating in a research report on Friday, August 14th. Truist Financial raised their price objective on shares of PagerDuty from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Weiss Ratings upgraded shares of PagerDuty from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Morgan Stanley downgraded PagerDuty from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $10.00 to $9.00 in a report on Tuesday, July 21st. Finally, TD Cowen reaffirmed a “buy” rating on shares of PagerDuty in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, PagerDuty has a consensus rating of “Hold” and a consensus target price of $12.28.
Hedge Funds Weigh In On PagerDuty
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new position in PagerDuty during the fourth quarter worth about $68,000. Los Angeles Capital Management LLC bought a new position in PagerDuty in the fourth quarter valued at approximately $114,000. One68 Global Capital LLC acquired a new position in shares of PagerDuty in the third quarter valued at approximately $165,000. Inceptionr LLC bought a new stake in shares of PagerDuty during the fourth quarter worth $132,000. Finally, State of Tennessee Department of Treasury bought a new stake in shares of PagerDuty in the second quarter valued at about $160,000. 97.26% of the stock is owned by institutional investors.
PagerDuty declared that its board has initiated a stock repurchase program on Thursday, May 28th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to buy up to 16.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
PagerDuty Company Profile
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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