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Keeping an Eye on DoubleVerify Holdings Inc (DV) After Insider Trading Activity

DoubleVerify Holdings Inc’s recently made public that its Global Chief Comm. Officer Eddleman Julie unloaded Company’s shares for reported $27765.0 on Apr 16 ’24. In the deal valued at $30.85 per share,900 shares were sold. As a result of this transaction, Eddleman Julie now holds 139,802 shares worth roughly $4.11 million.

Then, Allais Nicola T sold 5,292 shares, generating $172,140 in total proceeds. Upon selling the shares at $32.53, the Chief Financial Officer now owns 73,030 shares.

Before that, Allais Nicola T sold 5,292 shares. DoubleVerify Holdings Inc shares valued at $176,665 were divested by the Chief Financial Officer at a price of $33.38 per share. As a result of the transaction, Allais Nicola T now holds 73,030 shares, worth roughly $2.15 million.

Macquarie upgraded its DoubleVerify Holdings Inc [DV] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in mid January with a ‘”a Buy”‘ rating. BMO Capital Markets began covering DV with “an Outperform” recommendation on January 09, 2024. Morgan Stanley started covering the stock on December 13, 2023. It rated DV as “an Overweight”.

Price Performance Review of DV

On Friday, DoubleVerify Holdings Inc [NYSE:DV] saw its stock fall -2.36% to $29.43. Over the last five days, the stock has lost -9.05%. DoubleVerify Holdings Inc shares have fallen nearly -19.98% since the year began. Nevertheless, the stocks have fallen -3.51% over the past one year. While a 52-week high of $43.00 was reached on 02/26/24, a 52-week low of $26.23 was recorded on 03/06/24. SMA at 50 days reached $34.94, while 200 days put it at $33.96. A total of 1.87 million shares were traded, compared to the trading of 1.35 million shares in the previous session.

Levels Of Support And Resistance For DV Stock

The 24-hour chart illustrates a support level at 29.08, which if violated will result in even more drops to 28.72. On the upside, there is a resistance level at 30.07. A further resistance level may holdings at 30.70. The Relative Strength Index (RSI) on the 14-day chart is 27.29, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.61%. Stochastics %K at 2.19% indicates the stock is a buying.

The most recent change occurred on September 27, 2023 when Macquarie began covering the stock and recommended ‘”a Neutral”‘ rating along with a $30 price target.

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