Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Datadog Inc shares valued at $1,000,123 were sold by Jacobson Matthew on Sep 11 ’24. At $108.05 per share, Jacobson Matthew sold 9,256 shares. The insider’s holdings dropped to 48,411 shares worth approximately $5.69 million following the completion of this transaction.
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Also, Walters Sean Michael sold 3,096 shares, netting a total of over 336,424 in proceeds. Following the sale of shares at $108.66 each, the insider now holds 185,834 shares.
Before that, SEAN MICHAEL WALTERS had added 3,096 shares to its account. In a trade valued at $334,740, the Officer bought Datadog Inc shares for $108.12 each.
As published in a research note from DA Davidson on October 01, 2024, Datadog Inc [DDOG] has been rated up from a Neutral to a Buy and the price target has been revised to $140 from $115. Analysts at Monness Crespi & Hardt upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of August 01, 2024, BTIG Research has increased its “Neutral” rating to a “Buy” for DDOG. Earlier on July 16, 2024, Mizuho upgraded its rating. Their new recommendation was “an Outperform” for DDOG stock which previously was a “a Neutral”.
Analyzing DDOG Stock Performance
During the last five days, there has been a surge of approximately 2.91%. Over the course of the year, Datadog Inc shares have dropped approximately -3.17%. Shares of the company reached a 52-week high of $138.61 on 02/13/24 and a 52-week low of $98.80 on 08/05/24. A 50-day SMA is recorded $113.51, while a 200-day SMA reached $121.09. Nevertheless, trading volume fell to 3.7 million shares from 3.19 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 115.61, which, if violated, would cause prices to drop to 113.68. In the upper region, resistance lies at 119.02. The next price resistance is at 120.50. RSI (Relative Strength Index) is 58.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.09, which suggests the price will increase in the coming days. Percent R is at 10.26%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
