PagerDuty (NYSE:PD) Posts Earnings Results, Beats Expectations By $0.05 EPS

PagerDuty (NYSE:PD - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.24 EPS 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 business had revenue of $119.81 million for the quarter, compared to analyst estimates of $118.98 million. During the same quarter in the previous year, the company earned $0.17 EPS. The company's quarterly revenue was up 7.8% on a year-over-year basis. 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

PD stock traded down $0.07 on Tuesday, reaching $14.23. The company's stock had a trading volume of 83,093 shares, compared to its average volume of 1,082,267. The company has a market capitalization of $1.30 billion, a P/E ratio of -17.79 and a beta of 0.99. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.97 and a quick ratio of 1.97. PagerDuty has a 52 week low of $13.94 and a 52 week high of $23.12. The firm has a fifty day moving average of $15.94 and a two-hundred day moving average of $17.82.

Institutional Trading of PagerDuty

A number of institutional investors have recently made changes to their positions in the stock. Woodline Partners LP acquired a new stake in shares of PagerDuty in the first quarter valued at $556,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in PagerDuty by 1.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,601 shares of the company's stock valued at $943,000 after buying an additional 671 shares in the last quarter. Royal Bank of Canada boosted its stake in PagerDuty by 60.8% in the 1st quarter. Royal Bank of Canada now owns 96,575 shares of the company's stock worth $1,764,000 after purchasing an additional 36,517 shares during the period. AQR Capital Management LLC boosted its position 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 buying an additional 77,251 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of PagerDuty by 19.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 279,941 shares of the company's stock valued at $5,115,000 after purchasing an additional 46,262 shares during the period. 97.26% of the stock is owned by institutional investors and hedge funds.

PagerDuty declared that its board has approved a stock repurchase program on Thursday, March 13th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts have issued reports on PD shares. Truist Financial decreased their price target on shares of PagerDuty from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Friday. The Goldman Sachs Group decreased their price objective on PagerDuty from $21.00 to $18.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Morgan Stanley dropped their target price on PagerDuty from $20.00 to $17.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. JPMorgan Chase & Co. lowered their price target on PagerDuty from $21.00 to $18.00 and set an "underweight" rating for the company in a report on Friday. Finally, Canaccord Genuity Group cut their price objective on shares of PagerDuty from $23.00 to $21.00 and set a "buy" rating on the stock in a report on Monday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $19.50.

About PagerDuty

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.