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 $374,719 were sold by De Madre Armelle on Aug 01. At $99.92 per share, De Madre Armelle sold 3,750 shares. The insider’s holdings dropped to 67,804 shares worth approximately $7.49 million following the completion of this transaction.
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Also, Acocella Kerry sold 1,950 shares, netting a total of over 195,000 in proceeds. Following the sale of shares at $100.00 each, the insider now holds 49,007 shares.
Before that, OBSTLER DAVID M had sold 15,000 shares from its account. In a trade valued at $1,578,750, the Chief Financial Officer traded Datadog Inc. shares for $105.25 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $23.18 million.
As published in a research note from Monness Crespi & Hardt on August 04, 2022, Datadog Inc. [DDOG] has been rated down from a Buy to a Neutral. Analysts at Bernstein started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid July. As of July 07, 2022, Canaccord Genuity has initiated its “Hold” rating for DDOG. Earlier on May 06, 2022, Monness Crespi & Hardt resumed its rating. Their recommendation was “a Buy” for DDOG stock.
Analyzing DDOG’s Price Performance
On Thursday, Datadog Inc. [NASDAQ: DDOG] plunged -1.72% to $110.49. The stock’s lowest price that day was $102.10, but it reached a high of $111.54 in the same session. During the last five days, there has been a surge of approximately 15.43%. Over the course of the year, Datadog Inc. shares have dropped approximately -37.97%. 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 $98.10, while a 200-day SMA reached $136.94. Nevertheless, trading volume fell to 13.68 million shares from 3.65 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 104.55, which, if violated, would cause prices to drop to 98.60. In the upper region, resistance lies at 113.99. The next price resistance is at 117.48. RSI (Relative Strength Index) is 60.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 11.14, which suggests the price will increase in the coming days. Percent R is at 9.05%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Datadog Inc. subject to short interest?
Stocks of Datadog Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -3.28 million shares to 9.26 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 12.54 million shares. A decline of -35.42% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.88 of the overall float, the days-to-cover ratio (short ratio) decline to 1.88.
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 transaction, T. Rowe Price Associates, Inc.’s stake is now worth $1,608,418,072. Iconiq Capital LLC acquire a 245.38% interest valued at $1.5 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 $488.48 million.
In terms of Datadog Inc. share price expectations, FactSet research, analysts set an average price target of $150.30 in the next 12 months, up nearly 33.43% from the previous closing price of $112.42. Analysts anticipate Datadog Inc. stock to reach $223.00 by 2022, with the lowest price target being $104.00. In spite of this, 24 analysts ranked Datadog Inc. stock as an Overweight at the end of 2022. On March 22, 2022, BTIG Research assigned a price target of “a Buy” to the stock and initiated coverage with a $175.