NYSE:PDSoftware
A Look At PagerDuty’s Valuation After AI Driven Software Sell Off And Institutional Rotation
AI driven software sell off hits PagerDuty
A sector wide pullback in software tied to concerns about artificial intelligence has hit PagerDuty (PD), with institutional investors rotating away from traditional SaaS names and the stock recently dropping 12.1% in a single session.
PagerDuty is now down 28.3% this year, with shares trading near US$7.90. This move has sharply reset expectations around the company and put renewed focus on its role in modern digital operations.
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