Pagerduty (NYSE:PD) Shares Gap Down to $22.54

Share on StockTwits

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.

Recommended Story: Trading based on a resistance level

Receive News & Ratings for Pagerduty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pagerduty and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Clean Yield Group Lowers Stock Holdings in Quest Diagnostics Inc
Clean Yield Group Lowers Stock Holdings in Quest Diagnostics Inc
Clean Yield Group Decreases Stock Position in General Electric
Clean Yield Group Decreases Stock Position in General Electric
Clean Yield Group Grows Stock Holdings in iShares Core S&P Mid-Cap ETF
Clean Yield Group Grows Stock Holdings in iShares Core S&P Mid-Cap ETF
iShares Agency Bond ETF  Shares Bought by Clean Yield Group
iShares Agency Bond ETF Shares Bought by Clean Yield Group
Clean Yield Group Has $452,000 Position in First Solar, Inc.
Clean Yield Group Has $452,000 Position in First Solar, Inc.
Clean Yield Group Buys 2,884 Shares of AFLAC Incorporated
Clean Yield Group Buys 2,884 Shares of AFLAC Incorporated


 
© 2006-2020 Zolmax.