Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. DoubleVerify Holdings Inc shares valued at $172,140 were sold by Allais Nicola T on Apr 12 ’24. At $32.53 per share, Allais Nicola T sold 5,292 shares. The insider’s holdings dropped to 73,030 shares worth approximately $2.19 million following the completion of this transaction.
Also, Allais Nicola T sold 5,292 shares, netting a total of over 176,665 in proceeds. Following the sale of shares at $33.38 each, the insider now holds 73,030 shares.
Before that, Grimmig Andrew E had sold 16,667 shares from its account. In a trade valued at $563,311, the Chief Legal Officer traded DoubleVerify Holdings Inc shares for $33.80 each. Upon closing the transaction, the insider’s holdings decreased to 16,667 shares, worth approximately $1.19 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 -9.79%. Over the course of the year, DoubleVerify Holdings Inc shares have dropped approximately -18.35%. 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 $35.41, while a 200-day SMA reached $34.05. Nevertheless, trading volume fell to 1.81 million shares from 1.72 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 29.75, which, if violated, would cause prices to drop to 29.47. In the upper region, resistance lies at 30.50. The next price resistance is at 30.97. RSI (Relative Strength Index) is 29.03 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.37, which suggests the price will decrease in the coming days. Percent R is at 98.40%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
