Datadog Inc’s recent filing unveils that its CHIEF EXECUTIVE OFFICER Pomel Olivier unloaded Company’s shares for reported $10.53 million on Apr 01 ’24. In the deal valued at $122.96 per share,85,637 shares were sold. As a result of this transaction, Pomel Olivier now holds 337,247 shares worth roughly $42.41 million.
Then, OBSTLER DAVID M sold 3,833 shares, generating $480,524 in total proceeds. Upon selling the shares at $125.36, the CHIEF FINANCIAL OFFICER now owns 0 shares.
Before that, OBSTLER DAVID M sold 3,732 shares. Datadog Inc shares valued at $467,852 were divested by the CHIEF FINANCIAL OFFICER at a price of $125.36 per share. As a result of the transaction, OBSTLER DAVID M now holds 275,191 shares, worth roughly $34.61 million.
BMO Capital Markets initiated its Datadog Inc [DDOG] rating to an Outperform in a research note published on January 16, 2024; the price target was $140. A number of analysts have revised their coverage, including Stifel’s analysts, who increased its forecast for the stock in early December from “a Hold” to “a Buy”. Scotiabank began covering DDOG with “Sector outperform” recommendation on December 05, 2023. Mizuho revised its rating on November 08, 2023. It rated DDOG as “a Neutral” which previously was an “a Buy”.
Price Performance Review of DDOG
On Monday, Datadog Inc [NASDAQ:DDOG] saw its stock jump 1.09% to $125.76. Over the last five days, the stock has gained 2.12%. Datadog Inc shares have risen nearly 3.61% since the year began. Nevertheless, the stocks have risen 90.23% over the past one year. While a 52-week high of $138.61 was reached on 02/13/24, a 52-week low of $62.60 was recorded on 01/04/24. SMA at 50 days reached $126.65, while 200 days put it at $108.99. A total of 1.48 million shares were traded, compared to the trading of 2.74 million shares in the previous session.
Levels Of Support And Resistance For DDOG Stock
The 24-hour chart illustrates a support level at 123.74, which if violated will result in even more drops to 121.72. On the upside, there is a resistance level at 126.88. A further resistance level may holdings at 128.00. The Relative Strength Index (RSI) on the 14-day chart is 54.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.50%. Stochastics %K at 56.04% 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 Mar 15, 2024, dropping by -3.23 million shares to a total of 8.54 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 11.77 million shares. There was a decline of -37.82%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.03% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.19.
