Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Pagerduty Inc shares valued at $375,750 were sold by Tejada Jennifer on Nov 12 ’24. At $20.04 per share, Tejada Jennifer sold 18,750 shares. The insider’s holdings dropped to 907,631 shares worth approximately $19.57 million following the completion of this transaction.
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Also, Wilson Howard sold 21,066 shares, netting a total of over 421,741 in proceeds. Following the sale of shares at $20.02 each, the insider now holds 545,742 shares.
Before that, Tejada Jennifer had sold 38,392 shares from its account. In a trade valued at $769,760, the Chief Executive Officer traded Pagerduty Inc shares for $20.05 each. Upon closing the transaction, the insider’s holdings decreased to 38,392 shares, worth approximately $19.57 million.
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 surge of approximately 3.11%. Over the course of the year, Pagerduty Inc shares have dropped approximately -6.87%. 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 $19.02, while a 200-day SMA reached $20.32. Nevertheless, trading volume fell to 2.22 million shares from 1.96 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 21.21, which, if violated, would cause prices to drop to 20.85. In the upper region, resistance lies at 21.78. The next price resistance is at 21.99. RSI (Relative Strength Index) is 66.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.26, which suggests the price will increase in the coming days. Percent R is at 11.35%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
