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. Datadog Inc shares valued at $1,954,228 were sold by OBSTLER DAVID M on Apr 11 ’24. At $130.28 per share, OBSTLER DAVID M sold 15,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, OBSTLER DAVID M sold 15,000 shares, netting a total of over 1,954,219 in proceeds. Following the sale of shares at $130.28 each, the insider now holds 275,191 shares.
Before that, Walters Sean Michael had sold 10,000 shares from its account. In a trade valued at $1,298,609, the CHIEF REVENUE OFFICER traded Datadog Inc shares for $129.86 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $20.34 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 drop of approximately -4.42%. Over the course of the year, Datadog Inc shares have jumped approximately 3.00%. 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 $126.36, while a 200-day SMA reached $110.20. Nevertheless, trading volume fell to 2.59 million shares from 3.02 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 122.69, which, if violated, would cause prices to drop to 120.36. In the upper region, resistance lies at 127.06. The next price resistance is at 129.10. RSI (Relative Strength Index) is 49.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.11, which suggests the price will decrease in the coming days. Percent R is at 51.09%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
