The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. DoubleVerify Holdings Inc shares valued at $563,311 were sold by Grimmig Andrew E on Apr 04 ’24. At $33.80 per share, Grimmig Andrew E sold 16,667 shares. The insider’s holdings dropped to 39,468 shares worth approximately $1.31 million following the completion of this transaction.
Also, Eddleman Julie sold 900 shares, netting a total of over 29,745 in proceeds. Following the sale of shares at $33.05 each, the insider now holds 140,702 shares.
Before that, Allais Nicola T had sold 5,292 shares from its account. In a trade valued at $177,044, the Chief Financial Officer traded DoubleVerify Holdings Inc shares for $33.45 each. Upon closing the transaction, the insider’s holdings decreased to 5,292 shares, worth approximately $2.43 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 drop of approximately -0.27%. Over the course of the year, DoubleVerify Holdings Inc shares have dropped approximately -9.49%. 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 $36.37, while a 200-day SMA reached $34.22. Nevertheless, trading volume fell to 0.88 million shares from 1.43 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 32.73, which, if violated, would cause prices to drop to 32.17. In the upper region, resistance lies at 33.57. The next price resistance is at 33.85. RSI (Relative Strength Index) is 44.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.31, which suggests the price will decrease in the coming days. Percent R is at 71.59%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is DoubleVerify Holdings Inc subject to short interest?
Stocks of DoubleVerify Holdings Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 100000.0 shares to 5.52 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 5.42 million shares. A jump of 1.81% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.1 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.1.
