Zacks Investment Research Lowers Pagerduty (NYSE:PD) to Sell

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Zacks Investment Research downgraded shares of Pagerduty (NYSE:PD) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning, Zacks.com reports.

According to Zacks, “Pagerduty Inc. provides digital operations management solutions. The Company offers software as a service based platform PagerDuty, which helps developers, DevOps, information technology operations and business to prevent and resolve business impacting incidents. Pagerduty Inc. is based in San Francisco, United States. “

Several other equities analysts also recently commented on the company. KeyCorp upped their price objective on PGT Innovations from $20.00 to $22.00 and gave the company an overweight rating in a research note on Monday, May 6th. William Blair reiterated an outperform rating on shares of Aileron Therapeutics in a research note on Monday, May 6th. Morgan Stanley upped their price objective on Sonic Automotive from $10.00 to $18.00 and gave the company an underweight rating in a research note on Monday, May 6th. BTIG Research upped their price objective on Paypal from $114.00 to $130.00 and gave the company a buy rating in a research note on Monday, May 6th. They noted that the move was a valuation call. Finally, Raymond James reiterated a buy rating on shares of Cineplex in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Pagerduty has an average rating of Hold and a consensus target price of $42.50.

Shares of NYSE PD opened at $49.40 on Tuesday. Pagerduty has a twelve month low of $36.00 and a twelve month high of $59.82. The business has a 50 day simple moving average of $50.89.

Pagerduty (NYSE:PD) last posted its quarterly earnings data on Thursday, June 6th. The company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.02. The firm had revenue of $25.00 million during the quarter, compared to analysts’ expectations of $34.92 million. During the same quarter in the previous year, the company posted $37.30 EPS. As a group, research analysts forecast that Pagerduty will post -0.37 earnings per share for the current fiscal year.

In related news, insider Dan Alexandru Solomon sold 342,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $22.32, for a total value of $7,633,440.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

About Pagerduty

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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