In a filing, Datadog Inc revealed its CHIEF FINANCIAL OFFICER OBSTLER DAVID M unloaded Company’s shares for reported $1.95 million on Apr 11 ’24. In the deal valued at $130.28 per share,15,000 shares were sold. As a result of this transaction, OBSTLER DAVID M now holds 0 shares worth roughly $0.0.
Then, OBSTLER DAVID M sold 15,000 shares, generating $1,954,219 in total proceeds. Upon selling the shares at $130.28, the CHIEF FINANCIAL OFFICER now owns 275,191 shares.
Before that, Walters Sean Michael sold 10,000 shares. Datadog Inc shares valued at $1,298,609 were divested by the CHIEF REVENUE OFFICER at a price of $129.86 per share. As a result of the transaction, Walters Sean Michael now holds 162,706 shares, worth roughly $19.86 million.
BMO Capital Markets initiated its Datadog Inc [DDOG] rating to an Outperform in a research note published on January 16, 2024; the price target was $140. A number of analysts have revised their coverage, including Stifel’s analysts, who increased its forecast for the stock in early December from “a Hold” to “a Buy”. Scotiabank began covering DDOG with “Sector outperform” recommendation on December 05, 2023. Mizuho revised its rating on November 08, 2023. It rated DDOG as “a Neutral” which previously was an “a Buy”.
Price Performance Review of DDOG
On Monday, Datadog Inc [NASDAQ:DDOG] saw its stock jump 1.65% to $122.07. Over the last five days, the stock has lost -2.98%. Datadog Inc shares have risen nearly 0.57% since the year began. Nevertheless, the stocks have risen 80.90% over the past one year. While a 52-week high of $138.61 was reached on 02/13/24, a 52-week low of $62.60 was recorded on 01/04/24. SMA at 50 days reached $125.96, while 200 days put it at $110.44. A total of 2.91 million shares were traded, compared to the trading of 3.63 million shares in the previous session.
Levels Of Support And Resistance For DDOG Stock
The 24-hour chart illustrates a support level at 119.52, which if violated will result in even more drops to 116.98. On the upside, there is a resistance level at 123.55. A further resistance level may holdings at 125.04. The Relative Strength Index (RSI) on the 14-day chart is 45.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.48%. Stochastics %K at 28.98% indicates the stock is a holding.
