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

Software company stocks are trading higher due to a decrease in Treasury yields and positive announcements at CES 2024. This trend is affecting a broad range of companies within the sector.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:09 pm

Software stocks are trading lower due to an increase in Treasury yields and general market weakness. This trend is affecting a broad range of software companies across the market.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 8:38 pm

Over the past quarter, PagerDuty (NYSE:PD) received 5 analyst ratings, with 1 bullish, 3 somewhat bullish, and 1 indifferent. The average 12-month price target for PagerDuty is $29.2, with a high of $32.00 and a low of $23.00. This average has decreased by 8.75% from the previous average price target of $32.00. Analyst ratings are derived from financial statements, company calls, and insider information, but they are subject to human error.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 1:00 pm

B of A Securities analyst Koji Ikeda has initiated coverage on PagerDuty (NYSE:PD) with a Buy rating and set a price target of $30.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 12:45 pm

Ark Invest, led by Cathie Wood, sold approximately $2.9 million worth of Grayscale Bitcoin Trust (GBTC) shares amid crypto market volatility. The sale occurred through the ARK Next Generation Internet ETF (ARKW) as Bitcoin and Ethereum experienced mixed performance. Ark also sold shares of Robinhood Markets Inc (HOOD) through ARK Innovation ETF (ARKF). Additionally, Ark made significant purchases in the healthcare and tech sectors, including Adaptive Biotechnologies (ADPT) and Accolade Inc (ACCD) through ARK Genomic Revolution ETF (ARKG), and investments in Trade Desk Inc (TTD), PagerDuty Inc (PD), and Iridium Communications Inc (IRDM) through multiple ETFs.

Portfolio Pulse from Benzinga Neuro

December 08, 2023 | 3:10 am

Ark Invest, led by Cathie Wood, sold over $1.4 million worth of Coinbase (COIN) shares and purchased additional shares of Robinhood (HOOD). The transactions occurred as Bitcoin (BTC) trades above $40,000, indicating a bullish crypto market. Ark's trades through its ETFs ARKK and ARKF suggest a strategic portfolio adjustment in the fintech and cryptocurrency sectors. The firm also invested in Toast Inc (TOST) and PagerDuty Inc (PD), reflecting confidence in digital payment, restaurant technology, and cloud computing.

Portfolio Pulse from Benzinga Neuro

December 05, 2023 | 3:30 am

U.S. stocks, gold, and bonds rallied while the dollar tumbled as traders anticipate Federal Reserve rate cuts in 2024. The S&P 500, Dow Jones, and Nasdaq indices marked their fifth consecutive week of gains. The ISM manufacturing activity indicated a slowdown, leading to a drop in Treasury yields. The SPDR Gold Trust (GLD) surged as gold prices neared all-time highs. Sector ETFs, especially real estate and materials, saw gains, while technology lagged. Stocks like Dell (DELL) and Marvell Technology (MRVL) fell post-earnings, while Pfizer (PFE) dropped due to halted drug trials. SoFi Technologies (SOFI) rallied after Cathie Wood's investment. Tesla (TSLA) saw a decline after the Cybertruck event. Oil tracked by USO fell slightly, and European markets ended positively. Cryptocurrencies Bitcoin and Ethereum rose.

Portfolio Pulse from Piero Cingari

December 01, 2023 | 7:36 pm

TD Cowen analyst J. Derrick Wood has downgraded PagerDuty (NYSE:PD) from Outperform to Market Perform and reduced the price target from $29 to $23, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 5:21 pm

RBC Capital analyst Matthew Hedberg has maintained an Outperform rating on PagerDuty (NYSE:PD) but has reduced the price target from $32 to $31.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 5:01 pm

Morgan Stanley analyst Sanjit Singh has maintained an Overweight rating on PagerDuty (NYSE:PD) but has reduced the price target from $32 to $30.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 2:22 pm

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