PagerDuty Board Of Directors Approved The Repurchase Up To An Aggregate Of $100M Of Its Common Stock
Portfolio Pulse from Benzinga Newsdesk
PagerDuty's Board of Directors has approved a share repurchase program of up to $100 million, set to continue through May 29, 2026. The repurchases will be made on the open market or through negotiated transactions.
May 30, 2024 | 8:25 pm
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PagerDuty's Board of Directors has approved a share repurchase program of up to $100 million, which is expected to positively impact the stock price in the short term.
Share repurchase programs typically reduce the number of outstanding shares, which can increase earnings per share and often lead to a higher stock price. The $100 million repurchase program indicates strong confidence from the Board in the company's future performance.
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