|Bid||34.83 x 1400|
|Ask||34.90 x 900|
|Day's Range||34.72 - 35.95|
|52 Week Range||33.25 - 59.82|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||44.33|
Menlo Park, CA, based Investment company AH Equity Partners III, L.L.C. (Current Portfolio) buys PagerDuty Inc, Facebook Inc during the 3-months ended 2019Q2, according to the most recent filings of the investment company, AH Equity Partners III, L.L.C.. Continue reading...
Investment company Deer VIII & Co. Ltd. (Current Portfolio) buys PagerDuty Inc, sells Twilio Inc during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Deer VIII & Co. Continue reading...
Twenty-one "unicorns" have emerged from the Mountain View-based startup accelerator over its 15-year history and more than 130 of its alumni are figured to be worth over $100 million.
PagerDuty, Inc. , a global leader in digital operations management, today announced it will release its financial results for the second quarter fiscal year 2020 ended July 31, 2019 after market close on September 5, 2019.
The move would allow employees and investors to sell their shares a month earlier and could potentially ring up in excess of $15 billion in sales.
The region captured a number of high-profile tech IPOs this year, some of which reached astronomical double-digit first-day gains and continue their rocket ride, while others turned to duds.
PagerDuty has been one of the stronger IPOs of 2019. The company has a large market opportunity, but will it be able to continue satisfying investors?
This year, the IPO market has delivered many robust gains for investors. Most of these have been in the tech sector, such as with cloud companies like Crowdstrike Holdings (NASDAQ:CRWD), Zoom Video Communications (NASDAQ:ZM) and Pagerduty (NYSE:PD). And then there's Beyond Meat (NASDAQ:BYND).Source: Shutterstock BYND stock, which is a top player in the plant-based meat category, has been a big-time surprise. The company launched its IPO in early May and the shares spiked 163%. But this was just a warm up. The Beyond Meat stock price has since gone on to gain 711%. In fact, yesterday the stock added $19.94 to $222.86 (it was at about $170 at the start of this week).All this is indicating that Wall Street is expecting blow-out earnings when the company announces its results for the second quarter next Monday. Here's a look at the forecast: The consensus is calling for revenues to come in at $52.7 million, which would be a 202% increase (during Q1, the growth rate was 215%). The company is also expecting to post a loss of 8 cents a share, which is fairly modest.InvestorPlace - Stock Market News, Stock Advice & Trading TipsInterestingly enough, it looks like the main concern for Wall Street regarding BYND stock is that there are shortages. The demand is intense. * 7 Oversold Stocks To Buy Right Now Yet according to CEO Ethan Brown, he has been taking actions to deal with the problem. In an interview with the Wall Street Journal, he said: "We were surprised in the interest consumers were showing in our products, and that it turned on very quickly." Q2 NewsNow during the latest quarter, there has been lots of news that has helped to fuel Beyond Meat stock. Here's a look: * Dunkin Brands Group (NASDAQ:DNKN) indicated that its using Beyond Meat sausage for a breakfast sandwich. It will first be available in locations in Manhattan and then will go across the rest of the U.S. Keep in mind that BYND has distribution deals with other major food services companies like Restaurant Brands International (NYSE:QSR), Del Taco Restaurants (NASDAQ:TACO), Carl's Jr. and TGI Friday's. * Beyond Meat launched the next version of its Beyond Burger, which melts like real beef -- making the texture juicier -- and has a more neutral flavor and aroma profile. The new offering is also without GMOs, soy or gluten and is OK Kosher Certified. * According to a report in CNBC.com, Beyond Meat is creating a meatless version of bacon. Although, there is no launch date set. Bacon is on 68.1% of fast-food menus, based on research from Datassential. * Beyond Meat entered a partnership with Blue Apron (NYSE:APRN), a meal kit service. On the news, APRN stock soared by 67%! Bottom Line On Beyond Meat StockAt the time of the IPO, I wrote a bullish post for InvestorPlace.com about Beyond Meat stock. I thought the strategy was spot-on -- that is, by focusing on the mainstream consumer, not vegans or vegetarians (who account for a mere 5% of the U.S. population). The fact is that there is much interest in healthier meat substitutes, so long as the taste and texture are similar.But the problem is that the valuation on Beyond Meat stock is way too rich. Note that the market cap is $13.4 billion and the shares trade at a staggering 116 times sales. For the most part, Beyond Meat stock is factoring in hefty growth for many years to come. And this seems unrealistic as there is competition from other startups as well as long-time food producers.The run-up in Beyond Meat stock looks like what happened with the cannabis trade during the past year. There was initially a major surge because of legalization in Canada. But as growth decelerated, the stocks came under lots of pressure.Granted, when it comes to Beyond Meat stock, the momentum could continue. But with the valuation already at lofty levels, a small disappointment could mean a sizable pullback.Tom Taulli is the author of the upcoming book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Oversold Stocks To Buy Right Now * 7 Stocks to Buy Upgraded by Wall Street * 7 Marijuana Stocks With Critical Levels to Watch The post Is Beyond Meat Stock Too Exuberant Ahead of Earnings? appeared first on InvestorPlace.
Medallia stock goes live on NYSE On Friday, the stock of enterprise software company Medallia (MDLA) went live after its IPO. In its first day of trading on the NYSE, Medallia stock surged 76%. Medallia joins the line of several software IPOs that launched this year, including Zoom Video Communications (ZM), Pagerduty (PD), Slack, and Pinterest.
A San Francisco software company is close to announcing its Atlanta office will move into a new building along the Beltline Eastside Trail.
This San Francisco company not only priced its IPO $3 higher than its original pricing range but surged 76 percent on its first day.
Several IPO stocks have been on a tear lately as innovative products fuel booming sales. Most aren't profitable, but Wall Street doesn't seem to mind.
During the past few weeks, Chinese electrical-vehicle manufacturer Nio (NYSE:NIO) has been in the fast lane. Nio stock up about 40% or so to $3.50. Yet the shares are still well off their highs. The stock was more than $10 in late February. Click to Enlarge Source: Shutterstock It's also important to keep in mind that the company is a recent IPO. Yet it certainly hasn't enjoyed the enthusiasm of many other operators like Zoom Video Communications (NASDAQ:ZM), Anaplan (NYSE:PLAN) and Pagerduty (NYSE:PD).But hey, IPOs can certainly make nice comebacks, right? So with Nio stock, might there be one brewing? Or should investors be skeptical?InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dependable Dividend Stocks to Buy A Closer Look at NioWell, there are certainly some positives. Keep in mind that the sentiment for Nio stock had gotten to horrible levels. Thus a bounce back is reasonable. And there was probably short covering (this is when short sellers buy back shares to cover their positions). As of late June, about 15% of the float for Nio was shorted.But there were also some fundamental factors at work. Perhaps the most important was that the second quarter saw a pick-up in deliveries, which came to 3,553. This was above the company's quarterly guidance of 2,800 to 3,200 (albeit, this forecast was fairly conservative). In June, NIO also launched its ES6 five-seater premium SUV and the results were encouraging. Deliveries were 413.But despite all this, there are still some negative factors, and I think they could easily outweigh the positives. For example, Nio recalled more than 4,800 units of the ES8 (or close to 30% of the total deliveries for the company's history). The reason: There were three battery fires. Nio Recall WoesIt's encouraging that Nio has been proactive. Let's face it, the auto industry can be resistant to recognizing problems. Yet the recall is still something that points to quality issues, which is never a good thing for a premium vehicle. It also does not help that there are already general worries about EVs.In fact, the company's business model, which relies on the manufacturing of the vehicles from another company, could be an issue. That is, there could be more vulnerability to quality issues as Nio does not have as much control.But there is something else about the business model: It means that the margins are quite low. In other words, it could be tough for Nio to realize the benefits of the economies of scale as the company grows. And yes, this could be limiting for the stock price.It also does not help that Nio continues to burn money. During the latest quarter, the operating loss was a hefty $366 million. But the cash on hand is only about $1.12 billion and the debt load is $1.35 billion.In light of this, it would not be surprising to see another equity raise - and this would mean more dilution for the stock. Bottom Line on Nio StockEven though the Chinese government has been cutting back on subsidies, there still is considerable support to promote the EV industry. This is definitely good news for Nio stock.But then again, the company has to fight fierce competitors like BYD (OTCMKTS:BYDDF) and Beijing Electric Vehicle Co. Consider that there are nearly 486 registered EV manufactures in China! So it will be tough to stand out. It also does not help that the Chinese economy is slowing down, despite efforts to stimulate growth.All in all, there's quite a bit of risk with Nio, and it's probably best to hold off for now.Tom Taulli is the author of the upcoming book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post Nio Stock Isn't Cheap When You Factor in Competition and Recalls appeared first on InvestorPlace.
The top two in PitchBook's second-quarter ranking aren't investors that most people would think of as the region's top startup backers.
Noise traders tend to buy high and sell low, as Milton Friedman said, but they can still dominate markets. And they can also go broke individually.
Across the globe, 23 startups achieved unicorn status in the second quarter, of which 19 are in the U.S. Bay Area startups accounted for nearly half of all unicorns created worldwide.
The $165.2 billion exit value from IPOs and M&A; in the first half of this year has already surpassed every full year total on record, according to PitchBook Data and the National Venture Capital Association. Here are the Bay Area's 10 biggest exits in Q2.
The cloud-based enterprise software company that uses artificial intelligence to offer customer predictions and insights revealed its IPO pricing range Monday, with its valuation coming in a tad below its last funding round.
About 15 percent of the companies in the U.S. that have gone public so far in 2019 are led by female CEOs, the highest number in at last six years and triple the number of woman-run companies listed in the Russell 2000.
Shares of business-to-business SAAS (software as a service) companies like Slack and PagerDuty have outperformed consumer tech firms.