Several other research analysts have also issued reports on the company. SunTrust Banks assumed coverage on Pagerduty in a research report on Wednesday, October 2nd. They issued a hold rating and a $32.00 target price for the company. ValuEngine lowered Pagerduty from a buy rating to a hold rating in a research report on Wednesday, October 2nd. DA Davidson assumed coverage on Pagerduty in a research note on Friday, August 16th. They issued a neutral rating and a $36.00 price target on the stock. Royal Bank of Canada decreased their price objective on Pagerduty to $43.00 and set an outperform rating for the company in a report on Wednesday, December 4th. Finally, Robert W. Baird began coverage on Pagerduty in a research report on Monday, October 14th. They set an outperform rating and a $31.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $29.93.
PD stock opened at $21.81 on Friday. Pagerduty has a 1 year low of $20.53 and a 1 year high of $59.82. The firm has a 50-day moving average of $24.40 and a 200 day moving average of $36.93.
In other Pagerduty news, VP Steven Chung sold 50,000 shares of the business’s stock in a transaction on 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 sale, the vice president now directly owns 50,000 shares of the company’s stock, valued at $1,305,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 101,000 shares of company stock worth $2,654,760 in the last 90 days.
A number of hedge funds have recently made changes to their positions in PD. Tower Research Capital LLC TRC purchased a new position in Pagerduty in the third quarter worth about $63,000. Public Employees Retirement System of Ohio bought a new stake in shares of Pagerduty during the second quarter valued at approximately $70,000. NumerixS Investment Technologies Inc bought a new stake in shares of Pagerduty during the second quarter valued at approximately $85,000. Ladenburg Thalmann Financial Services Inc. purchased a new position in Pagerduty in the 2nd quarter worth approximately $113,000. Finally, Scotia Capital Inc. purchased a new position in Pagerduty in the 2nd quarter worth approximately $203,000. 54.00% of the stock is currently owned by institutional investors.
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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