Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Datadog Inc shares valued at $15,955,625 were sold by Le-Quoc Alexis on Apr 09 ’24. At $125.53 per share, Le-Quoc Alexis sold 127,105 shares. The insider’s holdings dropped to 290,412 shares worth approximately $37.99 million following the completion of this transaction.
Also, De Madre Armelle sold 600 shares, netting a total of over 75,204 in proceeds. Following the sale of shares at $125.34 each, the insider now holds 100,353 shares.
Before that, Pomel Olivier had sold 85,637 shares from its account. In a trade valued at $10,529,838, the CHIEF EXECUTIVE OFFICER traded Datadog Inc shares for $122.96 each. Upon closing the transaction, the insider’s holdings decreased to 85,637 shares, worth approximately $44.11 million.
As published in their initiating research note from BMO Capital Markets on January 16, 2024, Datadog Inc [DDOG] has been an Outperform and the price target has been revised to $140. Analysts at Stifel upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early December. As of December 05, 2023, Scotiabank has initiated its “Sector outperform” rating for DDOG. Earlier on November 08, 2023, Mizuho downgraded its rating. Their new recommendation was “a Neutral” for DDOG stock which previously was a “a Buy”.
Analyzing DDOG Stock Performance
During the last five days, there has been a surge of approximately 8.35%. Over the course of the year, Datadog Inc shares have jumped approximately 7.76%. Shares of the company reached a 52-week high of $138.61 on 02/13/24 and a 52-week low of $110.69 on 01/04/24. A 50-day SMA is recorded $126.70, while a 200-day SMA reached $109.49. Nevertheless, trading volume fell to 5.16 million shares from 1.91 million shares the previous day.
Support And Resistance Levels for Datadog Inc (DDOG)
According to the 24-hour chart, there is a support level at 128.09, which, if violated, would cause prices to drop to 125.38. In the upper region, resistance lies at 132.42. The next price resistance is at 134.04. RSI (Relative Strength Index) is 65.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.19, which suggests the price will increase in the coming days. Percent R is at 4.21%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Datadog Inc subject to short interest?
Stocks of Datadog Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -3.23 million shares to 8.54 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 11.77 million shares. A decline of -37.82% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.19 of the overall float, the days-to-cover ratio (short ratio) decline to 2.19.
