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 $42.82 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 jump 2.17% to $126.97. Over the last five days, the stock has lost -1.63%. Datadog Inc shares have risen nearly 4.61% since the year began. Nevertheless, the stocks have risen 68.40% over the past one year. While a 52-week high of $138.61 was reached on 02/13/24, a 52-week low of $70.00 was recorded on 01/04/24. SMA at 50 days reached $125.05, while 200 days put it at $111.38. A total of 5.69 million shares were traded, compared to the trading of 3.8 million shares in the previous session.
Levels Of Support And Resistance For DDOG Stock
The 24-hour chart illustrates a support level at 123.73, which if violated will result in even more drops to 120.50. On the upside, there is a resistance level at 128.60. A further resistance level may holdings at 130.24. The Relative Strength Index (RSI) on the 14-day chart is 52.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.07%. Stochastics %K at 49.22% indicates the stock is a holding.
