Datadog Inc’s filing revealed that its Director OLIVIER POMEL acquired Company’s shares for reported $9.18 million on Sep 09 ’24. In the deal valued at $107.20 per share,85,637 shares were bought.
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Then, Acocella Kerry sold 3,211 shares, generating $364,440 in total proceeds. Upon selling the shares at $113.50, the General Counsel and Secretary now owns 76,873 shares.
Before that, Blitzer Adam sold 12,085 shares. Datadog Inc shares valued at $1,371,606 were divested by the Chief Operating Officer at a price of $113.50 per share. As a result of the transaction, Blitzer Adam now holds 217,854 shares, worth roughly $23.55 million.
Monness Crespi & Hardt upgraded its Datadog Inc [DDOG] rating to a Neutral from a a Sell in a research note published recently. A number of analysts have revised their coverage, including BTIG Research’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “a Buy”. Mizuho also remained covering DDOG and has increased its forecast on July 16, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Evercore ISI started covering the stock on July 15, 2024. It rated DDOG as “an Outperform”.
Price Performance Review of DDOG
On Tuesday, Datadog Inc [NASDAQ:DDOG] saw its stock jump 0.39% to $108.12. Over the last five days, the stock has lost -3.01%. Datadog Inc shares have fallen nearly -10.92% since the year began. Nevertheless, the stocks have risen 10.71% over the past one year. While a 52-week high of $138.61 was reached on 02/13/24, a 52-week low of $77.81 was recorded on 08/05/24. SMA at 50 days reached $117.78, while 200 days put it at $121.27.
Levels Of Support And Resistance For DDOG Stock
The 24-hour chart illustrates a support level at 106.69, which if violated will result in even more drops to 105.27. On the upside, there is a resistance level at 109.87. A further resistance level may holdings at 111.63. The Relative Strength Index (RSI) on the 14-day chart is 39.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.82%. Stochastics %K at 16.82% indicates the stock is a buying.
How much short interest is there in Datadog Inc?
A steep rise in short interest was recorded in Datadog Inc stocks on 2024-08-15, dropping by -1.35 million shares to a total of 8.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 9.85 million shares. There was a decline of -15.87%, which implies that there is a negative sentiment for the stock.
