Datadog Inc’s recent filing unveils that its Director OLIVIER POMEL acquired Company’s shares for reported $10.56 million on Nov 04 ’24. In the deal valued at $123.26 per share,85,637 shares were bought.
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Then, Shah Shardul sold 7,916 shares, generating $1,002,746 in total proceeds. Upon selling the shares at $126.67, the Director now owns 451,533 shares.
Before that, Le-Quoc Alexis sold 127,105 shares. Datadog Inc shares valued at $16,439,006 were divested by the Chief Technology Officer at a price of $129.33 per share. As a result of the transaction, Le-Quoc Alexis now holds 336,165 shares, worth roughly $42.21 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 jump 1.87% to $125.56. Over the last five days, the stock has lost -0.64%. Datadog Inc shares have risen nearly 3.44% since the year began. Nevertheless, the stocks have risen 58.46% 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 $118.74, 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 122.47, which if violated will result in even more drops to 119.39. On the upside, there is a resistance level at 127.87. A further resistance level may holdings at 130.19. The Relative Strength Index (RSI) on the 14-day chart is 54.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.78%. Stochastics %K at 35.41% 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.
