The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Datadog Inc shares valued at $10,734,092 were sold by Pomel Olivier on Nov 04 ’24. At $125.34 per share, Pomel Olivier sold 85,637 shares. The insider’s holdings dropped to 392,111 shares worth approximately $50.89 million following the completion of this transaction.
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Also, OLIVIER POMEL purchased 85,637 shares, netting a total of over 10,555,617 in proceeds.
Before that, Shah Shardul had sold 7,916 shares from its account. In a trade valued at $1,002,746, the Director traded Datadog Inc shares for $126.67 each. Upon closing the transaction, the insider’s holdings decreased to 7,916 shares, worth approximately $58.6 million.
As published in a research note from Monness Crespi & Hardt on November 07, 2024, Datadog Inc [DDOG] has been rated up from a Neutral to a Buy and the price target has been revised to $155. Analysts at BMO Capital Markets resumed the stock at ‘”an Outperform”‘ outlook in a report released in late October. As of October 18, 2024, UBS has increased its “Neutral” rating to a “Buy” for DDOG. Earlier on October 08, 2024, Exane BNP Paribas initiated its rating. Their recommendation was “an Outperform” for DDOG stock.
Analyzing DDOG Stock Performance
During the last five days, there has been a surge of approximately 3.47%. Over the course of the year, Datadog Inc shares have jumped approximately 6.93%. 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 $119.48, while a 200-day SMA reached $121.57. Nevertheless, trading volume fell to 8.21 million shares from 5.86 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 126.09, which, if violated, would cause prices to drop to 122.38. In the upper region, resistance lies at 133.58. The next price resistance is at 137.36. RSI (Relative Strength Index) is 61.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.79, which suggests the price will increase in the coming days. Percent R is at 30.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
