Pagerduty Inc’s filing revealed that its Chief Legal Officer WEBB SHELLEY unloaded Company’s shares for reported $0.15 million on Apr 04 ’24. In the deal valued at $22.39 per share,6,859 shares were sold. As a result of this transaction, WEBB SHELLEY now holds 253,439 shares worth roughly $5.72 million.
Then, REZVAN MITRA sold 2,215 shares, generating $47,888 in total proceeds. Upon selling the shares at $21.62, the SVP Finance & CAO now owns 119,452 shares.
Before that, Wilson Howard sold 8,893 shares. Pagerduty Inc shares valued at $223,125 were divested by the Chief Financial Officer at a price of $25.09 per share. As a result of the transaction, Wilson Howard now holds 507,672 shares, worth roughly $11.45 million.
Truist upgraded its Pagerduty Inc [PD] rating to a Buy from a a Hold in a research note published on March 18, 2024; the price target was increased to $30 from $25. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late January from “an Overweight” to “an Equal-weight”. BofA Securities began covering PD with “Buy” recommendation on December 14, 2023. TD Cowen revised its rating on December 01, 2023. It rated PD as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of PD
On Monday, Pagerduty Inc [NYSE:PD] saw its stock jump 0.36% to $22.55. Over the last five days, the stock has gained 0.31%. Pagerduty Inc shares have fallen nearly -2.59% since the year began. Nevertheless, the stocks have fallen -29.04% over the past one year. While a 52-week high of $35.06 was reached on 01/12/24, a 52-week low of $19.18 was recorded on 03/15/24. SMA at 50 days reached $23.37, while 200 days put it at $23.01. A total of 1.07 million shares were traded, compared to the trading of 1.08 million shares in the previous session.
Levels Of Support And Resistance For PD Stock
The 24-hour chart illustrates a support level at 22.35, which if violated will result in even more drops to 22.15. On the upside, there is a resistance level at 22.85. A further resistance level may holdings at 23.16. The Relative Strength Index (RSI) on the 14-day chart is 48.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.79%. Stochastics %K at 47.74% indicates the stock is a holding.
How much short interest is there in Pagerduty Inc?
A steep rise in short interest was recorded in Pagerduty Inc stocks on Mar 15, 2024, growing by 0.23 million shares to a total of 9.9 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 9.67 million shares. There was a rise of 2.32%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 12.53% of the overall stock float, the days-to-cover ratio (short ratio) rose to 8.2.
