Pagerduty Inc (NYSE:PD) saw unusually large options trading on Thursday. Stock investors bought 3,491 call options on the company. This represents an increase of approximately 1,296% compared to the average volume of 250 call options.
NYSE PD opened at $31.35 on Friday. The firm’s 50 day moving average price is $37.54. Pagerduty has a 52 week low of $26.98 and a 52 week high of $59.82.
Pagerduty (NYSE:PD) last announced its quarterly earnings results on Thursday, September 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.12. The company had revenue of $40.40 million for the quarter, compared to the consensus estimate of $39.12 million. The company’s quarterly revenue was up 45.8% compared to the same quarter last year. On average, sell-side analysts expect that Pagerduty will post -0.75 EPS for the current year.
A number of research analysts recently commented on PD shares. Morgan Stanley decreased their price target on Pagerduty from $48.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Friday, September 6th. Raymond James reaffirmed a “buy” rating and issued a $4.75 price objective on shares of Pagerduty in a research note on Friday, July 26th. DA Davidson began coverage on Pagerduty in a research note on Friday, August 16th. They set a “neutral” rating and a $36.00 price target on the stock. KeyCorp reaffirmed a “hold” rating on shares of Pagerduty in a research note on Friday, September 6th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Pagerduty in a research note on Tuesday, July 9th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Pagerduty presently has an average rating of “Buy” and an average target price of $36.14.
Hedge funds have recently bought and sold shares of the business. Carillon Tower Advisers Inc. purchased a new position in shares of Pagerduty during the 2nd quarter valued at $13,032,000. Jennison Associates LLC bought a new stake in shares of Pagerduty during the 2nd quarter valued at $248,000. Flagship Harbor Advisors LLC bought a new stake in shares of Pagerduty during the 2nd quarter valued at $157,000. Stevens Capital Management LP bought a new stake in shares of Pagerduty during the 2nd quarter valued at $226,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Pagerduty during the 2nd quarter valued at $236,000. 49.47% of the stock is currently owned by institutional investors and hedge funds.
Pagerduty Company Profile
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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