Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. DoubleVerify Holdings Inc shares valued at $177,566 were sold by Allais Nicola T on Mar 19 ’24. At $33.55 per share, Allais Nicola T sold 5,292 shares. The insider’s holdings dropped to 73,030 shares worth approximately $2.45 million following the completion of this transaction.
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Also, Eddleman Julie sold 900 shares, netting a total of over 30,222 in proceeds. Following the sale of shares at $33.58 each, the insider now holds 141,602 shares.
Before that, Grimmig Andrew E had sold 50,924 shares from its account. In a trade valued at $1,706,514, the Chief Legal Officer traded DoubleVerify Holdings Inc shares for $33.51 each. Upon closing the transaction, the insider’s holdings decreased to 50,924 shares, worth approximately $1.33 million.
As published in a research note from Macquarie on March 11, 2024, DoubleVerify Holdings Inc [DV] has been rated up from a Neutral to an Outperform and the price target has been revised to $40. Analysts at BofA Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in mid January. As of January 09, 2024, BMO Capital Markets has initiated its “an Outperform” rating for DV. Earlier on December 13, 2023, Morgan Stanley initiated its rating. Their recommendation was “an Overweight” for DV stock.
Analyzing DV Stock Performance
During the last five days, there has been a surge of approximately 2.22%. Over the course of the year, DoubleVerify Holdings Inc shares have dropped approximately -8.65%. Shares of the company reached a 52-week high of $43.00 on 02/26/24 and a 52-week low of $29.22 on 03/06/24. A 50-day SMA is recorded $37.83, while a 200-day SMA reached $34.43. Nevertheless, trading volume fell to 1.25 million shares from 1.61 million shares the previous day.
Support And Resistance Levels for DoubleVerify Holdings Inc (DV)
According to the 24-hour chart, there is a support level at 33.39, which, if violated, would cause prices to drop to 33.19. In the upper region, resistance lies at 33.96. The next price resistance is at 34.33. RSI (Relative Strength Index) is 42.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.19, which suggests the price will increase in the coming days. Percent R is at 10.60%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is DoubleVerify Holdings Inc subject to short interest?
Stocks of DoubleVerify Holdings Inc saw a sharp steep in short interest on Feb 29, 2024 dropping by -0.36 million shares to 4.9 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 5.26 million shares. A decline of -7.35% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.57 of the overall float, the days-to-cover ratio (short ratio) decline to 2.57.
