Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Datadog Inc. shares valued at $1,434,953 were sold by Shah Shardul on Jun 15. At $87.05 per share, Shah Shardul sold 16,485 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Richardson Julie sold 3,906 shares, netting a total of over 345,736 in proceeds. Following the sale of shares at $88.51 each, the insider now holds 3,932 shares.
Before that, Acocella Kerry had sold 2,895 shares from its account. In a trade valued at $319,608, the General Counsel/Corp Secy traded Datadog Inc. shares for $110.40 each. Upon closing the transaction, the insider’s holdings decreased to 2,895 shares, worth approximately $4.08 million.
As published in a research note from Monness Crespi & Hardt on May 06, 2022, Datadog Inc. [DDOG] has been retained to a Buy and the price target has been revised to $160. This represents a 43.07% premium over Wednesday’s closing price. Analysts at BTIG Research started covering the stock with ‘”a Buy”‘ outlook in a report released in late March. As of March 18, 2022, SMBC Nikko has initiated its “Neutral” rating for DDOG. Earlier on February 22, 2022, Goldman upgraded its rating. Their new recommendation was “a Buy” for DDOG stock which previously was a “a Neutral”.
Analyzing DDOG’s Price Performance
On Wednesday, Datadog Inc. [NASDAQ: DDOG] rose 0.86% to $91.09. The stock’s lowest price that day was $87.93, but it reached a high of $95.15 in the same session. During the last five days, there has been a surge of approximately 4.57%. Over the course of the year, Datadog Inc. shares have dropped approximately -48.86%. Shares of the company reached a 52-week high of $184.70 on 02/10/22 and a 52-week low of $81.12 on 06/16/22. A 50-day SMA is recorded $106.88, while a 200-day SMA reached $143.43. Nevertheless, trading volume fell to 3.58 million shares from 4.35 million shares the previous day.
Support And Resistance Levels for Datadog Inc. (DDOG)
According to the 24-hour chart, there is a support level at 87.63, which, if violated, would cause prices to drop to 84.17. In the upper region, resistance lies at 94.85. The next price resistance is at 98.61. RSI (Relative Strength Index) is 44.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.10, which suggests the price will decrease in the coming days. Percent R is at 71.92%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of Datadog Inc. (DDOG)?
According to The Vanguard Group, Inc. filings, the company currently owns 21,988,380 shares, which is about 7.77% of the total DDOG shares outstanding. The investor’s shares have appreciated by 336,305 from its previous 13-F filing of 21652075.0 shares. With the completion of the buy, T. Rowe Price Associates, Inc.’s stake is now worth $1,610,951,280. Iconiq Capital LLC acquire a 245.38% interest valued at $1.51 billion while Morgan Stanley Investment Managem purchased a 414,709 stake. A total of 232,121 shares of Datadog Inc. were bought by BlackRock Fund Advisors during the quarter, and -467,067 were sold by Baillie Gifford & Co. In its current portfolio, SSgA Funds Management, Inc. holds 5,128,940 shares valued at $489.25 million.
In terms of Datadog Inc. share price expectations, FactSet research, analysts set an average price target of $160.11 in the next 12 months, up nearly 77.17% from the previous closing price of $90.31. Analysts anticipate Datadog Inc. stock to reach $223.00 by 2022, with the lowest price target being $104.00. In spite of this, 23 analysts ranked Datadog Inc. stock as an Overweight at the end of 2022. On February 11, 2022, KeyBanc Capital Markets assigned a price target of “an Overweight” to the stock and upgraded coverage with a $210.