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 $6,206,019 were sold by Jacobson Matthew on Nov 12 ’24. At $123.03 per share, Jacobson Matthew sold 50,444 shares. The insider’s holdings dropped to 676,100 shares worth approximately $88.86 million following the completion of this transaction.
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Also, Jacobson Matthew sold 3,393 shares, netting a total of over 424,230 in proceeds. Following the sale of shares at $125.03 each, the insider now holds 695,086 shares.
Before that, ADAM BLITZER had added 40,389 shares to its account. In a trade valued at $4,984,406, the Officer bought Datadog Inc shares for $123.41 each.
As published in a research note from BMO Capital Markets on November 08, 2024, Datadog Inc [DDOG] has been retained to an Outperform and the price target has been revised to $145. Analysts at Monness Crespi & Hardt upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early November. As of October 25, 2024, BMO Capital Markets has reiterated its “an Outperform” rating for DDOG. Earlier on October 18, 2024, UBS upgraded its rating. Their new recommendation was “a Buy” for DDOG stock which previously was a “a Neutral”.
Analyzing DDOG Stock Performance
During the last five days, there has been a surge of approximately 1.26%. Over the course of the year, Datadog Inc shares have jumped approximately 8.28%. 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 $120.85, while a 200-day SMA reached $121.59. Nevertheless, trading volume fell to 5.31 million shares from 7.12 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 129.23, which, if violated, would cause prices to drop to 127.02. In the upper region, resistance lies at 133.46. The next price resistance is at 135.48. RSI (Relative Strength Index) is 60.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.27, which suggests the price will increase in the coming days. Percent R is at 17.31%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
