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PagerDuty, Inc.PagerDuty, Inc.PagerDuty, Inc.

PagerDuty, Inc.

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Top 10 2021 Picks (PD)“We apply machine learning to data collected by our platform to help our customers identify incidents from the billions of digital signals they collect each day. We do this by automatically converting data from virtually any software-enabled system or device into a common format and applying machine-learning algorithms to find patterns and correlations across that data in real time. We provide teams with visibility into similar incidents and human context, based on data related to past actions that we have collected over time, enabling them to accelerate time to resolution.” - S1 filing Stock price has not lived up to this promise since IPO. Expecting a breakout from IPO base in 2021 and more adoption of Pagerduty products and services with acceleration of digital transformation.
NYSE:PDLong
by bsvtwit
PD: The Forgotten Child Of The SaaS FamilyThe Business Pagerduty is the most overlooked publicly traded company with 70% 3-year CAGR revenue growth that also has 85% gross margins. The stock has fallen since its IPO in the spring of 2019, while it’s peers who also IPO’d in 2019 have soared (see Page 2). Pagerduty sits in the middle of all business software applications, taking in real time data from all these different applications (See paragraph 3). This real-time data is filtered through Pagerduty’s proprietary AI function, identifying future software problems. It then takes it one-step further by identifying specific personnel, or a team, who is responsible to resolve the digital breakdown while giving it context. This all occurs before the problem actually happens. Not only do employees experience less software headaches, the customer will have a more streamlined digital experience. Pagerduty helps reduce digital issues and outages for both customers and employees software. Pagerduty is a double-edged sword that eliminates problems that negatively effect businesses both internally and externally. In a rapidly growing virtual world, where customers expect a flawless experience and companies are shifting to remote work, Pagerduty sits in the middle of this digital transformation. Pagerduty provides businesses the jump on future software problems that employees and customers will face. This is the only software that takes in real-time data, from multiple software programs, that analyzes and identifies future problems, alerting the correct team responsible for resolving these issues. Ensuring a seamless digital experience every time. Pagerduty integrates with software giants such as AWS, Servicenow, Zendesk, Okta, Zoom, Slack, Microsoft Teams, Cloudfare and Datadog to name a few. Many of these partners are also customers including Okta, Datadog, Zoom and Cloudfare. The company has a robust customer base, growing from 34% of the Fortune 100 when they became public, to 60% as of their most recent earnings. Brick by Brick Capital believes it is clear that Pagerduty has a superior product as highlighted by the robust costumer base, revenue growth and an outstanding 95% renewal rate. The Peer Group A major proponent of our bullish thesis on Pagerduty stems from its discounted value when compared to its peers. Both Zscaler (ZS) and Cloudflare (NET), SaaS companies, have seen significant stock appreciation since they became public in 2019 rising 160% and 315% respectively, while Pagerduty has fallen 10% since its IPO. There is no fundamental reasoning for this discrepancy between the stock appreciation of its peers and the deprecation of its own. Pagerduty has shown robust growth, margins, liquidity and a focus on spending towards research and development. These factors along with the macro-tailwinds of businesses expanding their digital footprints and their need to synthesis all the data, puts Pagerduty in a great spot to benefit in the long run. Brick by Brick Capital strongly believes that the company will get rerated over the coming months to something that is more comparable to its peers P/S ratio. The Technical Analysis At Brick by Brick Capital, our edge is discovering unique companies that have great fundamentals, macro-economic tailwinds with a large economic moat. We then use astute technical analysis to identify optimal entry points to minimize risk and maximize alpha. Pagerduty’s current price is at a significant level. It is breaking above both the short-term resistance line ($32.70 since 6/19/20) and its long-term resistance trend line (since 6/17/19). We believe now presents an optimal time to enter into the name, before a subsequent break out from these resistance levels. However, it is critical to point out that it has a near term immediate downside of $26. If earnings on 12/4/20 are not well received by the street, a retest of the post earnings low of $23 is in store. With this in mind, an opening position in Pagerduty should be no more than 50% of a full position. This allows an investor to average down on a pullback. Conclusion Pagerduty presents an exceptional risk-reward scenario for investors. It is a high growth, high margin business that has macro-economic tailwinds at its sails. Usually in these scenarios it requires an investor to pay sky-high valuations, however because of the lack of interest that the company has received this is not the case. Pagerduty is a true growth-value hybrid play in a market that is littered with overvalued tech companies.
NYSE:PDLong
by RobertTheTrader
4
PD targeting 39, bail out 24For the last month roughly, PD has been trading in the area between the 0.382 and 0.618 fibs from the peak on Aug 30 2019 to the depth of the COVID selloff. Despite trying to punch through to the downside several times in recent weeks, with intraday moves below 25, there's plenty of supply around there and it's held rather well. It's catching support off the AVWAP from the Aug 30 peak, where prior to May it had been a resistance level. AVWAP from the IPO now appears to be hovering around the 0.618 fib and is helping define resistance. Last week's earnings saw a beat but sold off a bit on softening guidance and deceleration in revenue growth; but stuck firm towards the top end of this channel. Should PD take and hold 30, then the next leg higher is to try for 39 again before the next earnings report; in that case I'd be taking half out around 34. The problem is a potentially bearish momentum divergence in the last several trading days; seems too early to know for sure, but reason for caution. Should this close to the downside past 24 I'd bail out.
NYSE:PDLong
by keekerdc
$PD Pagerduty $33 upside target Thurdays Press release Source Business wire PagerDuty, Inc. (NYSE:PD), a global leader in digital operations management, today launched its expanded PagerDuty Partner Programs for System Integrators (SIs), Consultancies and Managed Service Providers (MSPs) to help companies scale their digital transformation initiatives. The new Solution Partner and MSP Partner Programs enable leading global and regional IT services, consulting and business solutions organizations to provide reselling, professional, and managed services worldwide. Through these partnerships, PagerDuty’s customers can maximize the value of its platform implementation from incident management to digital operations transformation, in an era where speed, productivity, and user experiences matter most. "Many of today’s enterprises still have operations that are largely manual and reactive. To succeed in our digital world, they need to become real-time, automated and proactive," said Jukka Alanen, SVP Business Development and Corporate Strategy, PagerDuty. "Many organizations also lack the in-house resources and expertise to make this shift. Through this new program and strong network of partners, we can help transform and mature their digital operations, processes and practices, and serve more organizations globally, faster and more efficiently." The program’s partners bring a rich mix of solution, industry vertical and geographic expertise to serve unique and complex needs across DevOps, ITOps, CloudOps, AIOps, Customer Service, Security Operations, and Industrial Ops. The program offers support across all parts of real-time digital operations, including detecting and understanding issues, responding, orchestrating, and automating real-time work, as well as continually analyzing and improving operations. "We are excited for the launch of PagerDuty’s Solution Partner Program and the opportunities this opens for Carahsoft and our reseller partners to better meet our public sector customers’ real-time visibility needs for digital operations. Agencies need to ensure continuous mission delivery for the citizens they serve, and PagerDuty is well positioned to help government IT teams detect and respond to outages and better manage their digital operations across the organization," said Terry Drinkwine, VP of Sales at Carahsoft Technology Corporation, which serves as PagerDuty’s public sector distributor.
NYSE:PDLong
by RedHotStocks