Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Pagerduty Inc shares valued at $153,595 were sold by WEBB SHELLEY on Apr 04 ’24. At $22.39 per share, WEBB SHELLEY sold 6,859 shares. The insider’s holdings dropped to 253,439 shares worth approximately $5.78 million following the completion of this transaction.
Also, REZVAN MITRA sold 2,215 shares, netting a total of over 47,888 in proceeds. Following the sale of shares at $21.62 each, the insider now holds 119,452 shares.
Before that, Wilson Howard had sold 8,893 shares from its account. In a trade valued at $223,125, the Chief Financial Officer traded Pagerduty Inc shares for $25.09 each. Upon closing the transaction, the insider’s holdings decreased to 8,893 shares, worth approximately $11.59 million.
As published in a research note from Truist on March 18, 2024, Pagerduty Inc [PD] has been rated up from a Hold to a Buy and the price target has been revised to $30 from $25. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in late January. As of December 14, 2023, BofA Securities has initiated its “Buy” rating for PD. Earlier on December 01, 2023, TD Cowen downgraded its rating. Their new recommendation was “a Market perform” for PD stock which previously was a “an Outperform”.
Analyzing PD Stock Performance
During the last five days, there has been a surge of approximately 3.26%. Over the course of the year, Pagerduty Inc shares have dropped approximately -1.43%. Shares of the company reached a 52-week high of $26.70 on 01/12/24 and a 52-week low of $20.35 on 03/15/24. A 50-day SMA is recorded $23.28, while a 200-day SMA reached $23.03. Nevertheless, trading volume fell to 0.73 million shares from 1.09 million shares the previous day.
Support And Resistance Levels for Pagerduty Inc (PD)
According to the 24-hour chart, there is a support level at 22.36, which, if violated, would cause prices to drop to 21.91. In the upper region, resistance lies at 23.10. The next price resistance is at 23.38. RSI (Relative Strength Index) is 50.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.39, which suggests the price will decrease in the coming days. Percent R is at 28.16%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Pagerduty Inc subject to short interest?
Stocks of Pagerduty Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.23 million shares to 9.9 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 9.67 million shares. A jump of 2.32% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 8.2 of the overall float, the days-to-cover ratio (short ratio) jumped to 8.2.
