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Yahoo
28-07-2025
- Business
- Yahoo
Why PagerDuty (PD) Stock Is Up Today
What Happened? Shares of IT incident response platform PagerDuty (NYSE:PD) jumped 8.8% in the morning session after reports surfaced that the company was exploring a potential sale, prompting an upgrade from a Wall Street firm. Investment bank TD Cowen upgraded the stock to 'Buy' from 'Hold' and raised its price target to $22. Analysts at the firm cited a 'high likelihood' that PagerDuty would be acquired, noting the company was reportedly working with Qatalyst Partners, a firm with a strong track record in software mergers and acquisitions. While takeover interest had surfaced in the past, reports indicated that the hiring of advisors made this situation more concrete for investors, signaling a more serious process was underway. Is now the time to buy PagerDuty? Access our full analysis report here, it's free. What Is The Market Telling Us PagerDuty's shares are somewhat volatile and have had 13 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 17 days ago when the stock dropped 5.2% on the news that the Trump administration announced intentions to impose a 35% tariff on many goods imported from Canada. This move is far more than a typical trade dispute; it targets the United States' largest and most deeply integrated trading partner. Canada is not merely a neighbor but a critical component of North American supply chains, particularly in sectors like automotive, energy, and critical minerals. This move has sparked concerns about potential retaliatory actions and a wider impact on the North American economy, leading to a risk-off sentiment among investors. The S&P 500, Dow Jones Industrial Average, and Nasdaq all opened lower, pulling back from recent record highs and heading for their first weekly loss in three weeks. PagerDuty is down 6.9% since the beginning of the year, and at $16.75 per share, it is trading 23.4% below its 52-week high of $21.87 from July 2024. Investors who bought $1,000 worth of PagerDuty's shares 5 years ago would now be looking at an investment worth $594.39. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
Reuters
25-07-2025
- Business
- Reuters
PagerDuty exploring potential sale after receiving buyer interest, sources say
NEW YORK, July 25 (Reuters) - PagerDuty (PD.N), opens new tab is exploring options, including a potential sale of the U.S.-based software maker, after receiving inbound acquisition interest, people familiar with the matter said on Friday. The company is working with Qatalyst Partners on the sale effort, after attracting interest from both financial sponsors and strategic acquirers. The investment bankers are now soliciting possible further buyer interest in PagerDuty, with this process at an early stage, the sources added. Shares in PagerDuty jumped more than 10% on the news, giving the company a market value of around $1.5 billion. The sources cautioned that a sale of the company was not guaranteed and spoke on condition of anonymity to discuss private deliberations. PagerDuty and Qatalyst Partners did not immediately respond to requests for comment. San Francisco, California-based PagerDuty makes software that helps businesses monitor their IT systems and respond to cyber incidents and outages. Some of its customers include Cisco Systems (CSCO.O), opens new tab, Fox Corp (FOXA.O), opens new tab, Shopify ( opens new tab, Zoom (ZM.O), opens new tab, and the New York Stock Exchange, according to the company's website. This is not the first time the company has explored a sale, per the sources, with a similar effort in late 2023 failing to yield an agreeable offer from a buyer.
Yahoo
25-07-2025
- Business
- Yahoo
PagerDuty exploring potential sale after receiving buyer interest, sources say
By Milana Vinn NEW YORK (Reuters) -PagerDuty is exploring options, including a potential sale of the software maker, after receiving inbound acquisition interest, people familiar with the matter said on Friday. The company is working with Qatalyst Partners on the sale effort, which is at an early stage, added the sources, who cautioned that no sale of the company was guaranteed and spoke on condition of anonymity to discuss private deliberations. PagerDuty and Qatalyst Partners did not immediately respond to requests for comment. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
05-03-2025
- Business
- Reuters
Exclusive: Fraud prevention software firm Riskified explores sale, sources say
NEW YORK, March 5 (Reuters) - Riskified , a provider of software that helps prevent e-commerce fraud, is exploring options including a potential sale after receiving takeover interest, according to people familiar with the matter. New York-based Riskified, which traces its roots to Israel, is working with investment bank Qatalyst Partners to review approaches from interested parties, the sources said, requesting anonymity as the discussions are confidential. Potential acquirers include digital payments processing firms, online shopping platforms, cybersecurity software makers, and private equity firms, the sources said. The deliberations are at an early stage, the sources said, cautioning that a deal is not guaranteed. Riskified declined comment. Qatalyst did not immediately respond to a comment request. Riskified, which listed its shares through an initial public offering nearly four years ago, has a market value of about $800 million and has become a takeover target after its stock lost more than 80% of its value from a September 2021 peak. Like many technology firms which went public during the boom years around the turn of the decade, it has struggled to compete against rivals. The company has not generated a net profit since it went public, according to LSEG Workspace data. This includes in its latest earnings on Wednesday, where it posted a wider net loss of $4.1 million during the quarter ended December 31, compared to a loss of $3.3 million during the same period a year ago, as it was hurt by the loss of some large customers in some of the sectors where it operates. Founded in 2013, the company provides fraud prevention software that helps retailers shield digital transactions from scammers. Its customers include fashion house Prada, online travel platform and jewelry brand Swarovski, according to its website.
Yahoo
05-03-2025
- Business
- Yahoo
Exclusive-Fraud prevention software firm Riskified explores sale, sources say
By David French and Milana Vinn NEW YORK (Reuters) - Riskified, a provider of software that helps prevent e-commerce fraud, is exploring options including a potential sale after receiving takeover interest, according to people familiar with the matter. New York-based Riskified, which traces its roots to Israel, is working with investment bank Qatalyst Partners to review approaches from interested parties, the sources said, requesting anonymity as the discussions are confidential. See for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories. By signing up, you agree to our Terms and Privacy Policy. Potential acquirers include digital payments processing firms, online shopping platforms, cybersecurity software makers, and private equity firms, the sources said. The deliberations are at an early stage, the sources said, cautioning that a deal is not guaranteed. Riskified declined comment. Qatalyst did not immediately respond to a comment request. Riskified, which listed its shares through an initial public offering nearly four years ago, has a market value of about $800 million and has become a takeover target after its stock lost more than 80% of its value from a September 2021 peak. Like many technology firms which went public during the boom years around the turn of the decade, it has struggled to compete against rivals. The company has not generated a net profit since it went public, according to LSEG Workspace data. This includes in its latest earnings on Wednesday, where it posted a wider net loss of $4.1 million during the quarter ended December 31, compared to a loss of $3.3 million during the same period a year ago, as it was hurt by the loss of some large customers in some of the sectors where it operates. Founded in 2013, the company provides fraud prevention software that helps retailers shield digital transactions from scammers. Its customers include fashion house Prada, online travel platform and jewelry brand Swarovski, according to its website.
