Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Datadog Inc shares valued at $1,002,746 were sold by Shah Shardul on Oct 15 ’24. At $126.67 per share, Shah Shardul sold 7,916 shares. The insider’s holdings dropped to 451,533 shares worth approximately $55.94 million following the completion of this transaction.
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Also, Le-Quoc Alexis sold 127,105 shares, netting a total of over 16,439,006 in proceeds. Following the sale of shares at $129.33 each, the insider now holds 336,165 shares.
Before that, OBSTLER DAVID M had sold 33,333 shares from its account. In a trade valued at $4,346,340, the Chief Financial Officer traded Datadog Inc shares for $130.39 each. Upon closing the transaction, the insider’s holdings decreased to 33,333 shares, worth approximately $38.92 million.
As published in a research note from UBS on October 18, 2024, Datadog Inc [DDOG] has been rated up from a Neutral to a Buy and the price target has been revised to $150 from $125. Analysts at Exane BNP Paribas started covering the stock with ‘”an Outperform”‘ outlook in a report released in early October. As of October 01, 2024, DA Davidson has increased its “Neutral” rating to a “Buy” for DDOG. Earlier on August 07, 2024, Monness Crespi & Hardt upgraded its rating. Their new recommendation was “a Neutral” for DDOG stock which previously was a “a Sell”.
Analyzing DDOG Stock Performance
During the last five days, there has been a drop of approximately -1.85%. Over the course of the year, Datadog Inc shares have jumped approximately 2.07%. 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 $117.36, while a 200-day SMA reached $121.52. Nevertheless, trading volume fell to 2.01 million shares from 1.89 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 122.83, which, if violated, would cause prices to drop to 121.76. In the upper region, resistance lies at 124.48. The next price resistance is at 125.06. RSI (Relative Strength Index) is 54.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.61, which suggests the price will decrease in the coming days. Percent R is at 72.38%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
