Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Datadog Inc shares valued at $34,011 were sold by De Madre Armelle on May 07 ’24. At $113.37 per share, De Madre Armelle sold 300 shares. The insider’s holdings dropped to 100,053 shares worth approximately $11.59 million following the completion of this transaction.
Also, Pomel Olivier sold 85,637 shares, netting a total of over 10,739,923 in proceeds. Following the sale of shares at $125.41 each, the insider now holds 337,247 shares.
Before that, Pomel Olivier had sold 24,518 shares from its account. In a trade valued at $3,189,238, the CHIEF EXECUTIVE OFFICER traded Datadog Inc shares for $130.08 each. Upon closing the transaction, the insider’s holdings decreased to 24,518 shares, worth approximately $39.08 million.
As published in a research note from Robert W. Baird on May 08, 2024, Datadog Inc [DDOG] has been rated up from a Neutral to an Outperform and the price target has been revised to $140 from $130. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in late April. As of January 16, 2024, BMO Capital Markets has initiated its “an Outperform” rating for DDOG. Earlier on December 07, 2023, Stifel upgraded its rating. Their new recommendation was “a Buy” for DDOG stock which previously was a “a Hold”.
Analyzing DDOG Stock Performance
During the last five days, there has been a drop of approximately -7.64%. Over the course of the year, Datadog Inc shares have dropped approximately -4.54%. Shares of the company reached a 52-week high of $138.61 on 02/13/24 and a 52-week low of $110.34 on 05/07/24. A 50-day SMA is recorded $124.15, while a 200-day SMA reached $111.43. Nevertheless, trading volume fell to 3.44 million shares from 21.74 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 114.97, which, if violated, would cause prices to drop to 114.08. In the upper region, resistance lies at 117.54. The next price resistance is at 119.22. RSI (Relative Strength Index) is 40.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.78, which suggests the price will decrease in the coming days. Percent R is at 75.49%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
