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Datadog Inc (DDOG) gets rating Upgrade from Wells Fargo

Datadog Inc’s recent filing unveils that its CHIEF EXECUTIVE OFFICER Pomel Olivier unloaded Company’s shares for reported $3.19 million on Apr 24 ’24. In the deal valued at $130.08 per share,24,518 shares were sold. As a result of this transaction, Pomel Olivier now holds 337,247 shares worth roughly $43.53 million.

Then, Pomel Olivier sold 23,924 shares, generating $3,111,398 in total proceeds. Upon selling the shares at $130.05, the CHIEF EXECUTIVE OFFICER now owns 337,247 shares.

Before that, OBSTLER DAVID M sold 15,000 shares. Datadog Inc shares valued at $1,954,228 were divested by the CHIEF FINANCIAL OFFICER at a price of $130.28 per share. As a result of the transaction, OBSTLER DAVID M now holds 0 shares, worth roughly $0.0.

Wells Fargo upgraded its Datadog Inc [DDOG] rating to an Overweight from a an Equal weight in a research note published on April 23, 2024; the price target was increased to $150 from $130. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in mid January with a ‘”an Outperform”‘ rating. Stifel also remained covering DDOG and has increased its forecast on December 07, 2023 with a “Buy” recommendation from previously “Hold” rating. Scotiabank started covering the stock on December 05, 2023. It rated DDOG as “a Sector outperform”.

Price Performance Review of DDOG

On Monday, Datadog Inc [NASDAQ:DDOG] saw its stock fall -1.81% to $129.07. Over the last five days, the stock has gained 5.73%. Datadog Inc shares have risen nearly 6.34% since the year began. Nevertheless, the stocks have risen 83.83% over the past one year. While a 52-week high of $138.61 was reached on 02/13/24, a 52-week low of $63.00 was recorded on 01/04/24. SMA at 50 days reached $125.36, while 200 days put it at $111.04. A total of 2.73 million shares were traded, compared to the trading of 3.28 million shares in the previous session.

Levels Of Support And Resistance For DDOG Stock

The 24-hour chart illustrates a support level at 127.68, which if violated will result in even more drops to 126.28. On the upside, there is a resistance level at 131.24. A further resistance level may holdings at 133.41. The Relative Strength Index (RSI) on the 14-day chart is 55.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.38, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.52%. Stochastics %K at 71.73% indicates the stock is a holding.

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