This Is What Whales Are Betting On PagerDuty

Investors with a lot of money to spend have taken a bearish stance on PagerDuty PD.

And retail traders should know.

We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PD, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 12 options trades for PagerDuty.

This isn't normal.

The overall sentiment of these big-money traders is split between 33% bullish and 66%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $44,658, and 11, calls, for a total amount of $624,469.

Latest Startup Investment Opportunities:

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $12.5 to $25.0 for PagerDuty over the recent three months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for PagerDuty's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of PagerDuty's whale activity within a strike price range from $12.5 to $25.0 in the last 30 days.

PagerDuty Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

About PagerDuty

PagerDuty is a digital operations management platform that manages urgent and mission-critical work for a modern, digital business. Its platform harnesses digital signals from virtually any software-enabled system or device, combines it with human response data, and orchestrates teams to take the right actions in real-time. The product offerings of the company include DEVOPS, AIOPS, PROCESS AUTOMATION and BUSINESS OPERATIONS.

Following our analysis of the options activities associated with PagerDuty, we pivot to a closer look at the company's own performance.

Present Market Standing of PagerDuty

• With a trading volume of 1,673,889, the price of PD is up by 3.13%, reaching $23.39.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 63 days from now.

Professional Analyst Ratings for PagerDuty

1 market experts have recently issued ratings for this stock, with a consensus target price of $30.0.

• An analyst from B of A Securities downgraded its action to Buy with a price target of $30.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest PagerDuty options trades with real-time alerts from Benzinga Pro.