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Bank of America Securities Sticks to Its Sell Rating for PagerDuty (PD)

Tipranks - Tue Jun 9, 4:28AM CDT

In a report released today, Koji Ikeda from Bank of America Securities maintained a Sell rating on PagerDuty, with a price target of $7.00.

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According to TipRanks, Ikeda is a 5-star analyst with an average return of 11.9% and a 56.72% success rate. Ikeda covers the Technology sector, focusing on stocks such as Twilio, Datadog, and JFrog.

PagerDuty has an analyst consensus of Hold, with a price target consensus of $8.86.

Based on PagerDuty’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $120.97 million and a net profit of $5.28 million. In comparison, last year the company earned a revenue of $119.81 million and had a GAAP net loss of $7.16 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. Last 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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