Taking a Closer Look At Datadog Inc. (DDOG) Following Its Recent Trade


Datadog Inc.’s recently made public that its Chief People Officer De Madre Armelle unloaded Company’s shares for reported $0.86 million on Feb 15. In the deal valued at $90.00 per share,9,576 shares were sold. As a result of this transaction, De Madre Armelle now holds 60,355 shares worth roughly $ 4.63 million.

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Then, Pomel Olivier sold 85,637 shares, generating $7,075,374 in total proceeds. Upon selling the shares at $82.62, the Chief Executive Officer now owns 243,282 shares.

Before that, Le-Quoc Alexis sold 71,364 shares. Datadog Inc. shares valued at $5,559,987 were divested by the President & CTO at a price of $77.91 per share. As a result of the transaction, Le-Quoc Alexis now holds 179,370 shares, worth roughly $13.75 million.

CapitalOne initiated its Datadog Inc. [DDOG] rating to an Overweight in a research note published on Friday, February 17, 2023; the price target was $105. PT values the company’s stock at a premium of 26.98 to its Friday closing price. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in early February from “an Overweight” to “a Sector weight”. BTIG Research also remained covering DDOG and has decreased its forecast on January 27, 2023 with a “Neutral” recommendation from previously “Buy” rating. Cantor Fitzgerald started covering the stock on January 26, 2023. It rated DDOG as “an Overweight”.

Price Performance Review of DDOG

On Friday, Datadog Inc. [NASDAQ:DDOG] saw its stock fall -2.58% to $76.67. On the same session, the stock had its day’s lowest price of $75.31, but rose to a high of $77.245. Over the last five days, the stock has lost -7.03%. Datadog Inc. shares have risen nearly 4.31% since the year began. Nevertheless, the stocks have fallen -48.70% over the past one year. While a 52-week high of $166.99 was reached on 02/15/23, a 52-week low of $61.34 was recorded on 01/06/23. SMA at 50 days reached $75.55, while 200 days put it at $88.20. A total of 3.66 million shares were traded, compared to the trading of 3.28 million shares in the previous session.

Levels Of Support And Resistance For DDOG Stock

The 24-hour chart illustrates a support level at 75.57, which if violated will result in even more drops to 74.47. On the upside, there is a resistance level at 77.51. A further resistance level may holdings at 78.34. The Relative Strength Index (RSI) on the 14-day chart is 47.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.75%. Stochastics %K at 20.55% indicates the stock is a holding.

How much short interest is there in Datadog Inc.?

A steep rise in short interest was recorded in Datadog Inc. stocks on Jan 30, 2023, dropping by -0.16 million shares to a total of 14.81 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 14.97 million shares. There was a decline of -1.08%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.21% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.06.

Datadog Inc. [DDOG] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 24,003,466 shares, or roughly 8.22% of the outstanding DDOG shares. In other words, the investor’s shares have risen by 407,024 from its previous 13-F filing of 23596442.0. Additionally, Morgan Stanley Investment Managem decreased -5.52% of its stake after which the total value it holdings stand at $1,098,631,307, while Iconiq Capital LLC added 10.17% of its stake to hold $985.68 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 790,656 shares of Datadog Inc., while T. Rowe Price Associates, Inc. bought 929,566 shares. At present, Voya Investment Management Co. LL is holding 6,252,708 shares valued at $467.77 million. Capital Research & Management Co owned 5,901,513 shares of the company at the time of its most recent 13F filing, worth $441.49 million.

According to FactSet, Datadog Inc.’s share price will average $103.44 in the next year, based on opinions of analysts polled by the firm. This is up nearly 33.42 percent from its previous closing price of $78.70. Analysts expect Datadog Inc. stock to reach the higher price of $127.00, while the lowest price estimate is $76.00. However, 36 analysts have rated DDOG stock as an Overweight in their predictions for 2023. The most recent change occurred on December 15, 2022 when Wedbush began covering the stock and recommended ‘”an Outperform”‘ rating along with a $101 price target.


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