Keeping an Eye on DoubleVerify Holdings Inc. (DV) After Insider Trading Activity


DoubleVerify Holdings Inc.’s filing revealed that its Chief Financial Officer Allais Nicola T unloaded Company’s shares for reported $0.31 million on Aug 23. In the deal valued at $33.29 per share,9,231 shares were sold. As a result of this transaction, Allais Nicola T now holds 59,674 shares worth roughly $ 1.95 million.

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Then, Desmond Laura sold 11,002 shares, generating $363,632 in total proceeds. Upon selling the shares at $33.05, the Director now owns 179,071 shares.

Before that, Allais Nicola T sold 9,231 shares. DoubleVerify Holdings Inc. shares valued at $305,280 were divested by the Chief Financial Officer at a price of $33.07 per share. As a result of the transaction, Allais Nicola T now holds 59,674 shares, worth roughly $1.95 million.

Robert W. Baird initiated its DoubleVerify Holdings Inc. [DV] rating to an Outperform in a research note published on Friday, August 18, 2023; the price target was $38. PT values the company’s stock at a premium of 13.84 to its Friday closing price.

Price Performance Review of DV

On Friday, DoubleVerify Holdings Inc. [NYSE:DV] saw its stock fall -3.16% to $32.74. On the same session, the stock had its day’s lowest price of $32.72, but rose to a high of $33.98. Over the last five days, the stock has lost -1.50%. DoubleVerify Holdings Inc. shares have risen nearly 49.09% since the year began. Nevertheless, the stocks have risen 26.65% over the past one year. While a 52-week high of $42.51 was reached on 07/31/23, a 52-week low of $20.38 was recorded on 01/06/23. SMA at 50 days reached $36.57, while 200 days put it at $30.06. A total of 1.22 million shares were traded, compared to the trading of 1.5 million shares in the previous session.

Levels Of Support And Resistance For DV Stock

The 24-hour chart illustrates a support level at 32.31, which if violated will result in even more drops to 31.89. On the upside, there is a resistance level at 33.57. A further resistance level may holdings at 34.41. The Relative Strength Index (RSI) on the 14-day chart is 41.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.68%. Stochastics %K at 70.46% indicates the stock is a holding.

How much short interest is there in DoubleVerify Holdings Inc.?

A steep rise in short interest was recorded in DoubleVerify Holdings Inc. stocks on Aug 14, 2023, dropping by -2.61 million shares to a total of 4.58 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 7.19 million shares. There was a decline of -56.99%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.03% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.98.

DoubleVerify Holdings Inc. [DV] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 11,721,731 shares, or roughly 7.05% of the outstanding DV shares. In other words, the investor’s shares have risen by 766,868 from its previous 13-F filing of 10954863.0. Additionally, The Vanguard Group, Inc. increased 7.07% of its stake after which the total value it holdings stand at $487,286,787, while T. Rowe Price Investment Manageme reduced -6.61% of its stake to hold $275.67 million in the firm. At present, Lord, Abbett & Co. LLC is holding 3,948,839 shares valued at $166.25 million. Fidelity Management & Research Co owned 3,039,684 shares of the company at the time of its most recent 13F filing, worth $127.97 million.

According to FactSet, DoubleVerify Holdings Inc.’s share price will average $44.06 in the next year, based on opinions of analysts polled by the firm. This is up nearly 33.1 percent from its previous closing price of $33.81. Analysts expect DoubleVerify Holdings Inc. stock to reach the higher price of $50.00, while the lowest price estimate is $30.00. However, 18 analysts have rated DV stock as a Buy in their predictions for 2023.


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