Datadog Inc’s filing revealed that its Director OLIVIER POMEL acquired Company’s shares for reported $10.51 million on Oct 07 ’24. In the deal valued at $122.69 per share,85,637 shares were bought.
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Then, Kerry Acocella bought 2,452 shares, generating $288,184 in total proceeds.
Before that, 2019 Shah Family Trust bought 15,832 shares. Datadog Inc shares valued at $1,860,735 were divested by the Director at a price of $117.53 per share.
DA Davidson upgraded its Datadog Inc [DDOG] rating to a Buy from a a Neutral in a research note published on October 01, 2024; the price target was increased to $140 from $115. A number of analysts have revised their coverage, including Monness Crespi & Hardt’s analysts, who increased its forecast for the stock in early August from “a Sell” to “a Neutral”. BTIG Research also remained covering DDOG and has increased its forecast on August 01, 2024 with a “Buy” recommendation from previously “Neutral” rating. Mizuho revised its rating on July 16, 2024. It rated DDOG as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of DDOG
On Monday, Datadog Inc [NASDAQ:DDOG] saw its stock fall -0.25% to $122.38. Over the last five days, the stock has gained 6.36%. Datadog Inc shares have risen nearly 0.82% since the year began. Nevertheless, the stocks have risen 36.68% 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 $113.64, while 200 days put it at $121.08.
Levels Of Support And Resistance For DDOG Stock
The 24-hour chart illustrates a support level at 121.10, which if violated will result in even more drops to 119.82. On the upside, there is a resistance level at 123.72. A further resistance level may holdings at 125.06. The Relative Strength Index (RSI) on the 14-day chart is 67.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.49, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.40%. Stochastics %K at 92.40% indicates the stock is a selling.
How much short interest is there in Datadog Inc?
A steep rise in short interest was recorded in Datadog Inc stocks on 2024-09-13, dropping by -0.42 million shares to a total of 8.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 8.5 million shares. There was a decline of -5.16%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 15, 2024 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $150 price target.
