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 $378,356 were sold by Richardson Julie on Sep 15. At $96.87 per share, Richardson Julie sold 3,906 shares. The insider’s holdings dropped to 3,932 shares worth approximately $0.35 million following the completion of this transaction.
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Also, OBSTLER DAVID M sold 2,500 shares, netting a total of over 250,625 in proceeds. Following the sale of shares at $100.25 each, the insider now holds 200,448 shares.
Before that, Pomel Olivier had sold 13,076 shares from its account. In a trade valued at $1,283,802, the Chief Executive Officer traded Datadog Inc. shares for $98.18 each. Upon closing the transaction, the insider’s holdings decreased to 13,076 shares, worth approximately $22.97 million.
As published in their initiating research note from MoffettNathanson on September 22, 2022, Datadog Inc. [DDOG] has been a Buy and the price target has been revised to $143. This represents a 37.45% premium over Thursday’s closing price. As of September 01, 2022, BofA Securities has initiated its “Buy” rating for DDOG. Earlier on August 04, 2022, Monness Crespi & Hardt downgraded its rating. Their new recommendation was “a Neutral” for DDOG stock which previously was a “a Buy”.
Analyzing DDOG’s Price Performance
On Thursday, Datadog Inc. [NASDAQ: DDOG] plunged -5.36% to $89.44. The stock’s lowest price that day was $89.36, but it reached a high of $95.36 in the same session. During the last five days, there has been a drop of approximately -6.21%. Over the course of the year, Datadog Inc. shares have dropped approximately -49.78%. 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 $101.72, while a 200-day SMA reached $124.74. Nevertheless, trading volume fell to 5.81 million shares from 4.19 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 87.41, which, if violated, would cause prices to drop to 85.39. In the upper region, resistance lies at 93.41. The next price resistance is at 97.39. RSI (Relative Strength Index) is 37.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.16, which suggests the price will decrease in the coming days. Percent R is at 99.49%, indicating bearish price movement. Stochastics %K at buying 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 22,957,294 shares, which is about 7.89% of the total DDOG shares outstanding. The investor’s shares have appreciated by 968,914 from its previous 13-F filing of 21988380.0 shares. With the completion of the sale transaction, T. Rowe Price Associates, Inc.’s stake is now worth $1,768,676,172. Morgan Stanley Investment Managem acquire a 2.36% interest valued at $1.68 billion while Iconiq Capital LLC sold a -1,622,972 stake. A total of -570,529 shares of Datadog Inc. were sold by BlackRock Fund Advisors during the quarter, and -133,881 were sold by Baillie Gifford & Co.. In its current portfolio, SSgA Funds Management, Inc. holds 5,105,670 shares valued at $535.84 million.
In terms of Datadog Inc. share price expectations, FactSet research, analysts set an average price target of $141.59 in the next 12 months, up nearly 43.37% from the previous closing price of $94.51. Analysts anticipate Datadog Inc. stock to reach $214.00 by 2022, with the lowest price target being $104.00. In spite of this, 28 analysts ranked Datadog Inc. stock as an Overweight at the end of 2022. On July 20, 2022, Bernstein assigned a price target of “an Outperform” to the stock and initiated coverage with a $172.