Streetbeat News

PagerDuty, Inc.

https://www.pagerduty.com

Industry

Software - Application

PagerDuty, Inc. operates a digital operations management platform in the United States, Japan, and internationally. Its digital operations management platform collects data digital signals from virtually any software-enabled system or device, and leverage powerful machine learning to correlate, process, and predict opportunities and issues. It serves various industries, including software and technology, telecommunications, retail, travel and hospitality, media and entertainment, and financial services. PagerDuty, Inc. was founded in 2009 and is headquartered in San Francisco, California.

Open

16.52

Mkt cap

1.7B

Volume

4.3M

High

18.45

P/E Ratio

-31.15

52-wk high

23.85

Low

16.52

Div yield

N/A

52-wk low

15.49

PagerDuty has priced $350 million of 1.50% Convertible Senior Notes due 2028 in a private placement to qualified institutional buyers. The company also granted the initial purchasers an option to buy up to an additional $52.5 million principal amount of notes. The sale is expected to close on October 13, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 7:03 am

Ark Invest, led by Cathie Wood, sold over $8 million worth of Tesla Inc shares, marking the third consecutive session of selling the electric vehicle giant’s stock. The shares were sold through its flagship ARK Innovation ETF. This comes after Ark's consistent acquisition of Tesla shares in the preceding weeks. Ark also purchased shares of PagerDuty Inc, CRISPR Therapeutics AG, and Intellia Therapeutics Inc, and sold shares of DraftKings Inc.

Portfolio Pulse from Benzinga Neuro

October 11, 2023 | 2:33 am

Several stocks experienced significant movement in Tuesday's mid-day session. Notable gainers include SuperCom Ltd., SMX (Security Matters) Public Limited Company, PowerFleet, Inc., SaverOne 2014 Ltd, Intrusion Inc., Startek, Inc., CISO Global Inc., Mobilicom Limited, PGT Innovations, Inc., NanoString Technologies, Inc., Erasca, Inc., Processa Pharmaceuticals, Inc., MDxHealth SA, Lexicon Pharmaceuticals, Inc., ContraFect Corporation, Canopy Growth Corporation, Coherent Corp., Opendoor Technologies Inc., Rackspace Technology, Inc., Hyatt Hotels Corporation, and Immunic, Inc. Notable losers include Akero Therapeutics, Inc., Athersys, Inc., 89bio, Inc., HUB Cyber Security Ltd., Gamer Pakistan Inc., ParaZero Technologies Ltd., Ventyx Biosciences, Inc., Molekule Group, Inc., Maris-Tech Ltd., Maison Solutions Inc., Fitell Corporation, Nxu, Inc., Phoenix Motor Inc., Safe and Green Development Corporation, John Wiley & Sons, Inc., Falcon's Beyond Global, Inc., Lipella Pharmaceuticals Inc., RVL Pharmaceuticals plc, Groupon, Inc., Borqs Technologies, Inc., VIA optronics AG, and PagerDuty, Inc.

Portfolio Pulse from Lisa Levin

October 10, 2023 | 5:08 pm

Several US stocks recorded losses on Tuesday despite the overall market trading higher. Akero Therapeutics shares dipped 63.9% after reporting a 36-week analysis of its Phase 2b SYMMETRY study. 89bio tumbled 37.7%. Ventyx Biosciences fell 22.1% after announcing results from the Phase 2 trial of VTX002. John Wiley & Sons shares dipped 10.4% after reporting the departure of its CEO. Groupon declined 9%. Uranium Royalty Corp fell 7.1%. WK Kellogg Co fell 6.6%. Neumora Therapeutics declined 6% after reporting the appointment of a new executive VP. SunCar Technology Group fell 5.7%. Genelux Corporation fell 5.7%. PagerDuty shares fell 3.7% after announcing a proposed private placement of $350 million of convertible senior notes.

Portfolio Pulse from Lisa Levin

October 10, 2023 | 3:37 pm

PagerDuty Inc (NYSE:PD) shares fell by 5% after the company announced a proposed private placement of $350 million of convertible senior notes. The company may also grant initial purchasers an option to buy an additional $52.5 million in notes. The proceeds will be used for various purposes, including capped call transactions, repurchasing existing notes, buying shares of its common stock and general corporate needs, possibly including acquisitions.

Portfolio Pulse from Henry Khederian

October 10, 2023 | 1:56 pm

In Tuesday's pre-market session, several information technology stocks saw significant movement. Gainers included SMX (108.3%), Mobilicom (45.52%), CISO Global (18.43%), Intrusion (15.71%), PowerFleet (12.69%), and Coherent (12.48%). Losers included Maxeon Solar Technologies (-18.8%), Maris Tech (-12.95%), PagerDuty (-7.93%), CalAmp (-4.86%), Taoping (-4.74%), and Ondas Holdings (-4.57%).

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 1:06 pm

PagerDuty has announced a proposed private placement of $350 million of convertible senior notes, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:43 pm

PepsiCo, Saratoga Investment Corp., Neogen Corporation, PagerDuty, and AZZ Inc. are stocks to watch on Tuesday. PepsiCo and Saratoga reported positive Q3 earnings, leading to a rise in their pre-market shares. Neogen's shares fell after reporting its latest quarterly earnings. PagerDuty announced a proposed private placement of $350 million of convertible senior notes, leading to a decline in its shares. AZZ is expected to post quarterly earnings after the closing bell.

Portfolio Pulse from Lisa Levin

October 10, 2023 | 12:37 pm

In Monday's after-market session, several information technology stocks saw significant movement. Gainers included Mobilicom (MOB), SMX (Security Matters), CISO Global, Maris Tech, Cyngn, and Greenidge Generation Hldg. Losers included Tempo Automation Holdings, Sonim Technologies, PagerDuty, Clear Secure, ComSovereign Holding, and Intrusion.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 9:31 pm

PagerDuty, Inc. (NYSE:PD) announced a proposed private placement of $350 million of convertible senior notes due in 2028. The company also plans to use the net proceeds from the offering to repurchase for cash certain of its 1.25% convertible senior notes due 2025 and shares of PagerDuty's common stock. Following the announcement, PagerDuty's shares dropped 5.63% in the after-hours session.

Portfolio Pulse from Ryan Gustafson

October 09, 2023 | 8:50 pm

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