PagerDuty, Inc. (PD) Q1 2025 Earnings Call Transcript
PagerDuty, Inc. (NYSE:PD ) Q1 2025 Earnings Conference Call May 30, 2024 5:00 PM ET Company Participants Tony Righetti - Vice President of Investor Relations Jennifer Tejada - Chief Executive Officer Howard Wilson - Chief Financial Officer Conference Call Participants Simran Biswal - RBC Capital Markets Rob Oliver - Baird Jacob Zerbib - William Blair Andrew Sherman - TD Cowen Koji Ikeda - Bank of America Securities Keith Weiss - Morgan Stanley Tony Righetti Good afternoon and thank you for joining us to discuss PagerDuty's First Quarter Fiscal Year 2025 Results. With me on today's call are Jennifer Tejada, PagerDuty's Chairperson and Chief Executive Officer; and Howard Wilson, our Chief Financial Officer.
PagerDuty (PD) Q1 Earnings Top Estimates
PagerDuty (PD) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.20 per share a year ago.
PagerDuty earnings show stabilization in the face of software-sector pressures
PagerDuty Inc. says a renewed focus on enterprise customers has helped stabilize growth despite general pressures in the software industry.
PagerDuty Earnings Top Estimates, CFO Sees Stronger Growth Ahead
The firm's CFO noted that annual recurring revenue in the quarter stabilized at 10%.
Swiss National Bank Trims Holdings in PagerDuty, Inc. (NYSE:PD)
Swiss National Bank lowered its position in PagerDuty, Inc. (NYSE:PD – Free Report) by 9.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 174,700 shares of the company’s stock after selling 17,900 shares during the period. Swiss National Bank owned approximately 0.19% of PagerDuty worth $4,044,000 as of its most recent filing with the Securities & Exchange Commission. Other institutional investors also recently bought and sold shares of the company. ARK Investment Management LLC boosted its position in PagerDuty by 8.1% in the 4th quarter. ARK Investment Management LLC now owns 11,413,423 shares of the company’s stock worth $264,221,000 after purchasing an additional 858,838 shares in the last quarter. Vanguard Group Inc. grew its position in PagerDuty by 5.8% during the third quarter. Vanguard Group Inc. now owns 9,802,821 shares of the company’s stock valued at $220,465,000 after buying an additional 536,763 shares during the period. RGM Capital LLC increased its holdings in PagerDuty by 1.4% in the third quarter. RGM Capital LLC now owns 4,265,800 shares of the company’s stock valued at $95,938,000 after buying an additional 58,895 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of PagerDuty by 5.3% in the third quarter. Clearbridge Investments LLC now owns 4,093,717 shares of the company’s stock worth $92,068,000 after acquiring an additional 206,274 shares during the period. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of PagerDuty during the 3rd quarter worth about $32,209,000. 97.26% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In Several equities analysts recently weighed in on PD shares. Canaccord Genuity Group cut their price target on PagerDuty from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, March 18th. Robert W. Baird dropped their price target on shares of PagerDuty from $25.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, March 15th. Truist Financial upgraded shares of PagerDuty from a “hold” rating to a “buy” rating and upped their price objective for the stock from $25.00 to $30.00 in a research report on Monday, March 18th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $30.00 target price on shares of PagerDuty in a research report on Wednesday, January 24th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $27.25. View Our Latest Analysis on PD PagerDuty Price Performance PagerDuty stock opened at $21.67 on Monday. The company has a fifty day simple moving average of $21.54 and a 200-day simple moving average of $22.63. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of -24.63 and a beta of 0.93. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 2.61. PagerDuty, Inc. has a 52-week low of $19.18 and a 52-week high of $29.74. PagerDuty (NYSE:PD – Get Free Report) last announced its quarterly earnings data on Thursday, March 14th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.06). The business had revenue of $111.12 million for the quarter, compared to analysts’ expectations of $110.50 million. PagerDuty had a negative net margin of 18.98% and a negative return on equity of 24.65%. On average, equities analysts anticipate that PagerDuty, Inc. will post -0.44 EPS for the current fiscal year. Insider Buying and Selling In other PagerDuty news, CAO Mitra Rezvan sold 2,215 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $21.62, for a total value of $47,888.30. Following the completion of the sale, the chief accounting officer now directly owns 119,452 shares in the company, valued at approximately $2,582,552.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other PagerDuty news, CAO Mitra Rezvan sold 2,215 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $21.62, for a total value of $47,888.30. Following the transaction, the chief accounting officer now directly owns 119,452 shares in the company, valued at approximately $2,582,552.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shelley Webb sold 6,859 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $22.39, for a total transaction of $153,573.01. Following the sale, the insider now owns 253,439 shares of the company’s stock, valued at approximately $5,674,499.21. The disclosure for this sale can be found here. 7.60% of the stock is currently owned by company insiders. PagerDuty Company Profile (Free Report) 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.
