Datadog Inc’s recent filing unveils that its Director Shah Shardul unloaded Company’s shares for reported $1.0 million on Oct 15 ’24. In the deal valued at $126.67 per share,7,916 shares were sold. As a result of this transaction, Shah Shardul now holds 451,533 shares worth roughly $56.81 million.
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Then, Le-Quoc Alexis sold 127,105 shares, generating $16,439,006 in total proceeds. Upon selling the shares at $129.33, the Chief Technology Officer now owns 336,165 shares.
Before that, OBSTLER DAVID M sold 33,333 shares. Datadog Inc shares valued at $4,346,340 were divested by the Chief Financial Officer at a price of $130.39 per share. As a result of the transaction, OBSTLER DAVID M now holds 314,158 shares, worth roughly $39.52 million.
UBS upgraded its Datadog Inc [DDOG] rating to a Buy from a a Neutral in a research note published on October 18, 2024; the price target was increased to $150 from $125. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in early October with a ‘”an Outperform”‘ rating. DA Davidson also remained covering DDOG and has increased its forecast on October 01, 2024 with a “Buy” recommendation from previously “Neutral” rating. Monness Crespi & Hardt revised its rating on August 07, 2024. It rated DDOG as “a Neutral” which previously was an “a Sell”.
Price Performance Review of DDOG
On Monday, Datadog Inc [NASDAQ:DDOG] saw its stock fall -1.80% to $125.81. Over the last five days, the stock has lost -2.56%. Datadog Inc shares have risen nearly 3.65% since the year began. Nevertheless, the stocks have risen 43.37% 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 $116.77, while 200 days put it at $121.45.
Levels Of Support And Resistance For DDOG Stock
The 24-hour chart illustrates a support level at 124.23, which if violated will result in even more drops to 122.64. On the upside, there is a resistance level at 128.10. A further resistance level may holdings at 130.38. The Relative Strength Index (RSI) on the 14-day chart is 60.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.73, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.82%. Stochastics %K at 74.67% indicates the stock is a holding.
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.
