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JP Morgan gives an Underweight recommendation for Pagerduty Inc (PD)

Pagerduty Inc’s recent filing unveils that its Chief Legal and People Officer WEBB SHELLEY unloaded Company’s shares for reported $0.14 million on Jan 06 ’25. In the deal valued at $18.19 per share,7,879 shares were sold. As a result of this transaction, WEBB SHELLEY now holds 199,122 shares worth roughly $3.72 million.

Then, SHELLEY WEBB bought 17,766 shares, generating $322,986 in total proceeds.

Before that, MITRA REZVAN bought 37,617 shares. Pagerduty Inc shares valued at $673,325 were divested by the Former Officer and Director at a price of $17.90 per share.

JP Morgan downgraded its Pagerduty Inc [PD] rating to an Underweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in mid July with a ‘”a Neutral”‘ rating. Scotiabank began covering PD with “Sector perform” recommendation on June 28, 2024. JP Morgan started covering the stock on June 27, 2024. It rated PD as “a Neutral”.

Price Performance Review of PD

On Tuesday, Pagerduty Inc [NYSE:PD] saw its stock jump 2.19% to $18.70. Over the last five days, the stock has gained 5.17%. Pagerduty Inc shares have risen nearly 2.41% since the year began. Nevertheless, the stocks have fallen -28.21% over the past one year. While a 52-week high of $26.60 was reached on 01/15/25, a 52-week low of $16.46 was recorded on 01/10/25. SMA at 50 days reached $19.39, while 200 days put it at $19.69.

Levels Of Support And Resistance For PD Stock

The 24-hour chart illustrates a support level at 18.42, which if violated will result in even more drops to 18.15. On the upside, there is a resistance level at 18.90. A further resistance level may holdings at 19.11. The Relative Strength Index (RSI) on the 14-day chart is 51.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.08%. Stochastics %K at 71.52% 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 2024-11-15, dropping by -0.94 million shares to a total of 10.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 11.39 million shares. There was a decline of -8.97%, which implies that there is a negative sentiment for the stock.

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