Pagerduty (PD) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Pagerduty (NYSE:PD) posted its quarterly earnings results on Thursday. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.02, Briefing.com reports. The business had revenue of $25.00 million during the quarter, compared to analyst estimates of $34.92 million. During the same period last year, the company earned $37.30 EPS.

NYSE PD opened at $53.45 on Friday. Pagerduty has a 1-year low of $36.00 and a 1-year high of $58.96.

In other news, insider Dan Alexandru Solomon sold 342,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $22.32, for a total transaction of $7,633,440.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.



PD has been the subject of several recent research reports. Raymond James reissued a “buy” rating and issued a $5.00 price target on shares of Pagerduty in a research report on Tuesday, March 19th. Morgan Stanley initiated coverage on shares of Pagerduty in a research report on Monday, May 6th. They issued an “equal weight” rating and a $47.00 price target for the company. BTIG Research initiated coverage on shares of Pagerduty in a research report on Monday, May 6th. They issued a “neutral” rating for the company. William Blair began coverage on shares of Pagerduty in a research report on Monday, May 6th. They issued an “outperform” rating and a $36.00 price target for the company. Finally, JPMorgan Chase & Co. began coverage on shares of Pagerduty in a report on Monday, May 6th. They set an “overweight” rating and a $55.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $42.50.

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Pagerduty Company Profile

PagerDuty, Inc operates an On-Call Management platform. The company's platform collects signals from software-enabled system or device, correlates and interprets signals to identify events, and engages team members to take action in real time. It serves developer, IT, security, and customer support segments.

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