Datadog Inc’s recent filing unveils that its Officer DAVID OBSTLER acquired Company’s shares for reported $4.34 million on Oct 11 ’24. In the deal valued at $130.09 per share,33,333 shares were bought.
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Then, Walters Sean Michael sold 2,322 shares, generating $290,250 in total proceeds. Upon selling the shares at $125.00, the Chief Revenue Officer now owns 183,512 shares.
Before that, OBSTLER DAVID M sold 33,333 shares. Datadog Inc shares valued at $4,190,075 were divested by the Chief Financial Officer at a price of $125.70 per share. As a result of the transaction, OBSTLER DAVID M now holds 314,158 shares, worth roughly $40.56 million.
Exane BNP Paribas initiated its Datadog Inc [DDOG] rating to an Outperform in a research note published on October 08, 2024; the price target was $150. A number of analysts have revised their coverage, including DA Davidson’s analysts, who increased its forecast for the stock in early October from “a Neutral” to “a Buy”. Monness Crespi & Hardt also remained covering DDOG and has increased its forecast on August 07, 2024 with a “Neutral” recommendation from previously “Sell” rating. BTIG Research revised its rating on August 01, 2024. It rated DDOG as “a Buy” which previously was an “a Neutral”.
Price Performance Review of DDOG
On Monday, Datadog Inc [NASDAQ:DDOG] saw its stock fall -0.53% to $129.12. Over the last five days, the stock has gained 5.51%. Datadog Inc shares have risen nearly 6.38% since the year began. Nevertheless, the stocks have risen 46.76% 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 $115.01, while 200 days put it at $121.21.
Levels Of Support And Resistance For DDOG Stock
The 24-hour chart illustrates a support level at 128.02, which if violated will result in even more drops to 126.93. On the upside, there is a resistance level at 130.75. A further resistance level may holdings at 132.38. The Relative Strength Index (RSI) on the 14-day chart is 73.54, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.95, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.87%. Stochastics %K at 93.12% 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 2024-09-30, dropping by -0.47 million shares to a total of 8.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 8.54 million shares. There was a decline of -5.81%, which implies that there is a negative sentiment for the stock.
