Why PagerDuty Stock Was Gaining Today

·2-min read
Why PagerDuty Stock Was Gaining Today

Shares of PagerDuty (NYSE: PD) were moving higher today after the software company announced a new hire that marks a shift in its sales strategy. In a press release this morning, PagerDuty, which provides cloud-based software that helps companies monitor their own tech stack, said it had hired a new vice president of global partners and alliances, Timm Hoyt. Hoyt will be in charge of increasing partnership revenue, a key channel for the company as it recently announced a transition to a partner-first sales strategy.

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