Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Datadog Inc shares valued at $290,250 were sold by Walters Sean Michael on Oct 08 ’24. At $125.00 per share, Walters Sean Michael sold 2,322 shares. The insider’s holdings dropped to 183,512 shares worth approximately $23.87 million following the completion of this transaction.
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Also, OBSTLER DAVID M sold 33,333 shares, netting a total of over 4,190,075 in proceeds. Following the sale of shares at $125.70 each, the insider now holds 314,158 shares.
Before that, Pomel Olivier had sold 85,637 shares from its account. In a trade valued at $10,499,912, the Chief Executive Officer traded Datadog Inc shares for $122.61 each. Upon closing the transaction, the insider’s holdings decreased to 85,637 shares, worth approximately $51.01 million.
As published in their initiating research note from Exane BNP Paribas on October 08, 2024, Datadog Inc [DDOG] has been an Outperform and the price target has been revised to $150. Analysts at DA Davidson upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early October. As of August 07, 2024, Monness Crespi & Hardt has increased its “Sell” rating to a “Neutral” for DDOG. Earlier on August 01, 2024, BTIG Research upgraded its rating. Their new recommendation was “a Buy” 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 10.69%. Over the course of the year, Datadog Inc shares have jumped approximately 7.18%. 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 $114.24, while a 200-day SMA reached $121.15. Nevertheless, trading volume fell to 4.71 million shares from 3.14 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 126.67, which, if violated, would cause prices to drop to 123.26. In the upper region, resistance lies at 131.87. The next price resistance is at 133.66. RSI (Relative Strength Index) is 76.76 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.41, which suggests the price will increase in the coming days. Percent R is at 0.87%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
