Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Datadog Inc shares valued at $15,064,999 were sold by Le-Quoc Alexis on May 15 ’24. At $118.52 per share, Le-Quoc Alexis sold 127,105 shares. The insider’s holdings dropped to 290,412 shares worth approximately $35.47 million following the completion of this transaction.
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Also, De Madre Armelle sold 300 shares, netting a total of over 34,011 in proceeds. Following the sale of shares at $113.37 each, the insider now holds 100,053 shares.
Before that, Pomel Olivier had sold 85,637 shares from its account. In a trade valued at $10,739,923, the CHIEF EXECUTIVE OFFICER traded Datadog Inc shares for $125.41 each. Upon closing the transaction, the insider’s holdings decreased to 85,637 shares, worth approximately $41.18 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 surge of approximately 1.25%. Over the course of the year, Datadog Inc shares have jumped approximately 0.61%. 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 $123.13, while a 200-day SMA reached $112.03. Nevertheless, trading volume fell to 2.7 million shares from 2.77 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 120.94, which, if violated, would cause prices to drop to 119.76. In the upper region, resistance lies at 124.37. The next price resistance is at 126.62. RSI (Relative Strength Index) is 50.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.82, which suggests the price will increase in the coming days. Percent R is at 29.30%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
