Datadog Inc’s recently made public 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 $57.06 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 $39.7 million.
BMO Capital Markets reiterated its Datadog Inc [DDOG] rating to an Outperform in a research note published on October 25, 2024; the price target was $135. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in mid October from “a Neutral” to “a Buy”. Exane BNP Paribas began covering DDOG with “an Outperform” recommendation on October 08, 2024. DA Davidson revised its rating on October 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 -0.18% to $126.37. Over the last five days, the stock has gained 0.45%. Datadog Inc shares have risen nearly 4.11% since the year began. Nevertheless, the stocks have risen 56.55% 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 $117.79, while 200 days put it at $121.58.
Levels Of Support And Resistance For DDOG Stock
The 24-hour chart illustrates a support level at 125.43, which if violated will result in even more drops to 124.49. On the upside, there is a resistance level at 127.63. A further resistance level may holdings at 128.89. The Relative Strength Index (RSI) on the 14-day chart is 58.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.09%. Stochastics %K at 44.56% 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 2024-10-15, growing by 0.98 million shares to a total of 9.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 8.09 million shares. There was a rise of 10.77%, which implies that there is a positive sentiment for the stock.
