PagerDuty gains amid activist investor speculation
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PagerDuty (PD) shares rose 9.3% amid speculation of potential activist investor interest. Goldman Sachs disclosed a 4.32 million stake, increasing from ~2 million, making it the fourth-largest holder. This comes as PagerDuty's shares have dropped over 60% in the past year. The company previously explored options, including a sale, following inbound interest. In January 2024, it was reported that PagerDuty was evaluating options due to interest from private equity firms.
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