Pagerduty Inc (PD) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Pagerduty Inc (NYSE:PD) have earned an average recommendation of “Buy” from the eight ratings firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $40.33.
A number of equities analysts recently commented on PD shares. JPMorgan Chase & Co. started coverage on shares of Pagerduty in a research report on Monday, May 6th. They set an “overweight” rating and a $55.00 price target on the stock. Royal Bank of Canada started coverage on shares of Pagerduty in a research report on Monday, May 6th. They set a “sector perform” rating and a $47.00 price target on the stock. William Blair started coverage on shares of Pagerduty in a research report on Monday, May 6th. They set an “outperform” rating and a $36.00 price target on the stock. Raymond James reaffirmed a “buy” rating and set a $5.00 price target on shares of Pagerduty in a research report on Tuesday, March 19th. Finally, BTIG Research began coverage on shares of Pagerduty in a report on Monday, May 6th. They issued a “neutral” rating on the stock.
In other Pagerduty news, insider Dan Alexandru Solomon sold 342,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $22.32, for a total value of $7,633,440.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Pagerduty Company Profile
PagerDuty, Inc operates a digital operations management platform. It provides incident management solution that integrates with information technology Ops and DevOps monitoring stacks to improve operational reliability and agility. The company was founded by Andrew Miklas, Baskar Puvanathasan, and Dan Alexandru Solomon in 2009 and is headquartered in San Francisco, CA.
See Also: Why are percentage decliners important?
Receive News & Ratings for Pagerduty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pagerduty and related companies with MarketBeat.com's FREE daily email newsletter.