Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. DoubleVerify Holdings Inc shares valued at $30,365 were sold by Allais Nicola T on Oct 07 ’24. At $17.21 per share, Allais Nicola T sold 1,764 shares. The insider’s holdings dropped to 81,598 shares worth approximately $1.42 million following the completion of this transaction.
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Also, Allais Nicola T sold 1,764 shares, netting a total of over 29,844 in proceeds. Following the sale of shares at $16.92 each, the insider now holds 81,598 shares.
Before that, Allais Nicola T had sold 1,764 shares from its account. In a trade valued at $30,490, the Chief Financial Officer traded DoubleVerify Holdings Inc shares for $17.28 each. Upon closing the transaction, the insider’s holdings decreased to 1,764 shares, worth approximately $1.42 million.
As published in a research note from Morgan Stanley on June 25, 2024, DoubleVerify Holdings Inc [DV] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $21 from $40. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”an Underperform”‘ outlook in a report released in early May. As of May 08, 2024, KeyBanc Capital Markets has decreased its “an Overweight” rating to a “Sector weight” for DV. Earlier on March 11, 2024, Macquarie upgraded its rating. Their new recommendation was “an Outperform” for DV stock which previously was a “a Neutral”.
Analyzing DV Stock Performance
During the last five days, there has been a surge of approximately 3.52%. Over the course of the year, DoubleVerify Holdings Inc shares have dropped approximately -52.83%. Shares of the company reached a 52-week high of $43.00 on 02/26/24 and a 52-week low of $16.38 on 10/10/24. A 50-day SMA is recorded $17.99, while a 200-day SMA reached $25.98. Nevertheless, trading volume fell to 1.26 million shares from 1.44 million shares the previous day.
Support And Resistance Levels for DoubleVerify Holdings Inc (DV)
According to the 24-hour chart, there is a support level at 17.08, which, if violated, would cause prices to drop to 16.81. In the upper region, resistance lies at 17.51. The next price resistance is at 17.67. RSI (Relative Strength Index) is 49.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.27, which suggests the price will decrease in the coming days. Percent R is at 30.22%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
