Pagerduty Inc (NYSE:PD)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $22.31, but opened at $22.54. Pagerduty shares last traded at $22.22, with a volume of 16,262 shares traded.
Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on Pagerduty from $60.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. TD Securities upgraded Pagerduty to a “top pick” rating and decreased their price objective for the stock from $5.00 to $4.50 in a report on Wednesday, September 4th. ValuEngine downgraded shares of Pagerduty from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research lowered shares of Pagerduty from a “hold” rating to a “sell” rating in a research note on Saturday, November 16th. Finally, KeyCorp reissued a “hold” rating on shares of Pagerduty in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $29.93.
The firm’s fifty day simple moving average is $24.13 and its 200-day simple moving average is $36.28.
Pagerduty (NYSE:PD) last posted its earnings results on Thursday, December 5th. The company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). The business had revenue of $42.80 million during the quarter, compared to analyst estimates of $42.12 million. Pagerduty’s revenue for the quarter was up 37.2% on a year-over-year basis. Analysts predict that Pagerduty Inc will post -0.76 EPS for the current fiscal year.
In other Pagerduty news, VP Steven Chung sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $26.11, for a total value of $1,305,500.00. Following the transaction, the vice president now directly owns 50,000 shares of the company’s stock, valued at $1,305,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 101,000 shares of company stock valued at $2,654,760.
Several institutional investors have recently modified their holdings of the company. Man Group plc grew its position in shares of Pagerduty by 509.7% during the 3rd quarter. Man Group plc now owns 64,059 shares of the company’s stock valued at $1,810,000 after acquiring an additional 53,553 shares during the period. Raging Capital Management LLC raised its position in shares of Pagerduty by 1,056.3% during the 3rd quarter. Raging Capital Management LLC now owns 100,829 shares of the company’s stock valued at $2,848,000 after purchasing an additional 92,109 shares during the period. Barclays PLC raised its position in shares of Pagerduty by 29.1% during the 3rd quarter. Barclays PLC now owns 21,271 shares of the company’s stock valued at $601,000 after purchasing an additional 4,793 shares during the period. California State Teachers Retirement System lifted its stake in shares of Pagerduty by 2.7% during the 3rd quarter. California State Teachers Retirement System now owns 16,400 shares of the company’s stock valued at $463,000 after buying an additional 433 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Pagerduty by 37.6% during the 3rd quarter. State Street Corp now owns 113,543 shares of the company’s stock valued at $3,208,000 after buying an additional 31,015 shares in the last quarter. Institutional investors and hedge funds own 54.00% of the company’s stock.
About Pagerduty (NYSE:PD)
PagerDuty, Inc operates an On-Call Management platform. The company's platform collects signals from software-enabled system or device, correlates and interprets signals to identify events, and engages team members to take action in real time. It serves developer, IT, security, and customer support segments.
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