PagerDuty (NYSE:PD) Releases Quarterly Earnings Results

PagerDuty (NYSE:PD - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.05, Briefing.com reports. PagerDuty had a negative return on equity of 22.02% and a negative net margin of 16.29%. The company had revenue of $119.81 million for the quarter, compared to the consensus estimate of $118.98 million. During the same quarter in the prior year, the business posted $0.17 EPS. The firm's quarterly revenue was up 7.8% compared to the same quarter last year. PagerDuty updated its FY 2026 guidance to 0.950-1.00 EPS and its Q2 2026 guidance to 0.190-0.200 EPS.

PagerDuty Stock Performance

PagerDuty stock traded up $0.64 during trading on Tuesday, reaching $14.94. The company had a trading volume of 1,584,088 shares, compared to its average volume of 1,086,249. PagerDuty has a 52 week low of $13.94 and a 52 week high of $23.12. The firm's 50-day simple moving average is $15.86 and its 200 day simple moving average is $17.80. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -18.67 and a beta of 0.99. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 3.52.

PagerDuty declared that its Board of Directors has approved a share buyback program on Thursday, March 13th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

PD has been the topic of several recent analyst reports. Morgan Stanley cut their target price on PagerDuty from $20.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada cut their target price on PagerDuty from $22.00 to $20.00 and set an "outperform" rating on the stock in a research note on Friday. JPMorgan Chase & Co. cut their target price on PagerDuty from $21.00 to $18.00 and set an "underweight" rating on the stock in a research note on Friday. The Goldman Sachs Group cut their target price on PagerDuty from $21.00 to $18.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Finally, TD Securities cut their target price on PagerDuty from $19.00 to $18.00 and set a "hold" rating on the stock in a research note on Wednesday, May 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $19.50.

Hedge Funds Weigh In On PagerDuty

A number of institutional investors have recently bought and sold shares of PD. Millennium Management LLC raised its holdings in PagerDuty by 55.4% during the first quarter. Millennium Management LLC now owns 1,005,111 shares of the company's stock valued at $18,363,000 after acquiring an additional 358,347 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of PagerDuty by 19.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 279,941 shares of the company's stock worth $5,115,000 after purchasing an additional 46,262 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of PagerDuty by 110.6% in the first quarter. AQR Capital Management LLC now owns 147,127 shares of the company's stock worth $2,679,000 after purchasing an additional 77,251 shares during the last quarter. Royal Bank of Canada grew its position in PagerDuty by 60.8% in the first quarter. Royal Bank of Canada now owns 96,575 shares of the company's stock worth $1,764,000 after acquiring an additional 36,517 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in PagerDuty by 1.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,601 shares of the company's stock worth $943,000 after acquiring an additional 671 shares in the last quarter. 97.26% of the stock is owned by institutional investors.

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.