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Insider Selling: REZVAN MITRA, Pagerduty Inc [PD] SVP Finance & CAO divested 2,942 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Pagerduty Inc shares valued at $53,133 were sold by REZVAN MITRA on Oct 09 ’24. At $18.06 per share, REZVAN MITRA sold 2,942 shares. The insider’s holdings dropped to 108,449 shares worth approximately $1.91 million following the completion of this transaction.

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Also, WEBB SHELLEY sold 6,246 shares, netting a total of over 113,178 in proceeds. Following the sale of shares at $18.12 each, the insider now holds 216,572 shares.

Before that, SHELLEY WEBB had added 6,246 shares to its account. In a trade valued at $111,866, the Officer bought Pagerduty Inc shares for $17.91 each.

As published in their initiating research note from Goldman on July 18, 2024, Pagerduty Inc [PD] has been a Neutral and the price target has been revised to $24. Analysts at Scotiabank started covering the stock with ‘”a Sector perform”‘ outlook in a report released in late June. As of June 27, 2024, JP Morgan has initiated its “Neutral” rating for PD. Earlier on June 12, 2024, Craig Hallum upgraded its rating. Their new recommendation was “a Buy” for PD stock which previously was a “a Hold”.

Analyzing PD Stock Performance

During the last five days, there has been a drop of approximately -4.76%. Over the course of the year, Pagerduty Inc shares have dropped approximately -23.89%. Shares of the company reached a 52-week high of $26.70 on 01/12/24 and a 52-week low of $16.46 on 09/04/24. A 50-day SMA is recorded $18.46, while a 200-day SMA reached $21.05. Nevertheless, trading volume fell to 0.68 million shares from 0.52 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 17.40, which, if violated, would cause prices to drop to 17.18. In the upper region, resistance lies at 18.00. The next price resistance is at 18.38. RSI (Relative Strength Index) is 41.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 95.97%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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