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Canaccord Genuity Reaffirms Their Buy Rating on PagerDuty (PD)

Tipranks - Sat May 30, 6:36AM CDT

In a report released today, Kingsley Crane from Canaccord Genuity maintained a Buy rating on PagerDuty, with a price target of $10.00.

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Crane covers the Technology sector, focusing on stocks such as PagerDuty, Snowflake, and Okta. According to TipRanks, Crane has an average return of 9.6% and a 53.74% success rate on recommended stocks.

In addition to Canaccord Genuity, PagerDuty also received a Buy from TD Cowen’s Derrick Wood in a report issued yesterday. However, on May 14, RBC Capital maintained a Hold rating on PagerDuty (NYSE: PD).

Based on PagerDuty’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $124.79 million and a net profit of $11.02 million. In comparison, last year the company earned a revenue of $121.45 million and had a GAAP net loss of $10.6 million

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PD in relation to earlier this year. Earlier this month, Jennifer Tejada, the Executive Chair of PD sold 463,501.00 shares for a total of $3,228,930.92.

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