Zacks Investment Research cut shares of Pagerduty (NYSE:PD) from a hold rating to a sell rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “Pagerduty Inc. provides digital operations management solutions. The Company offers software as a service based platform PagerDuty, which helps developers, DevOps, information technology operations and business to prevent and resolve business impacting incidents. Pagerduty Inc. is based in San Francisco, United States. “

Several other brokerages also recently commented on PD. BTIG Research lifted their target price on Paypal from $114.00 to $130.00 and gave the stock a buy rating in a report on Monday, May 6th. They noted that the move was a valuation call. KeyCorp lifted their target price on PGT Innovations from $20.00 to $22.00 and gave the stock an overweight rating in a report on Monday, May 6th. Raymond James reaffirmed a buy rating on shares of Cineplex in a report on Tuesday, March 19th. Royal Bank of Canada cut their target price on Toromont Industries from C$66.00 to C$65.00 and set a sector perform rating on the stock in a report on Monday, May 6th. Finally, Morgan Stanley lifted their target price on Sonic Automotive from $10.00 to $18.00 and gave the stock an underweight rating in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $42.50.

Shares of PD opened at $48.58 on Tuesday. Pagerduty has a 12 month low of $36.00 and a 12 month high of $59.82. The stock’s 50-day moving average is $50.77.

Pagerduty (NYSE:PD) last announced its earnings results on Thursday, June 6th. The company reported ($0.22) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. The company had revenue of $25.00 million for the quarter, compared to analyst estimates of $34.92 million. During the same period in the previous year, the firm posted $37.30 earnings per share. Equities analysts anticipate that Pagerduty will post -0.37 earnings per share for the current fiscal year.

In other Pagerduty news, insider Dan Alexandru Solomon sold 342,000 shares of Pagerduty stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $22.32, for a total transaction of $7,633,440.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Pagerduty Company Profile

PagerDuty, Inc operates an On-Call Management platform. The company's platform collects signals from software-enabled system or device, correlates and interprets signals to identify events, and engages team members to take action in real time. It serves developer, IT, security, and customer support segments.

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