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Investing in Datadog Inc (DDOG): What You Must Know

Datadog Inc’s filing revealed that its Director 2019 Shah Family Trust acquired Company’s shares for reported $1.04 million on Nov 15 ’24. In the deal valued at $131.43 per share,7,916 shares were bought.

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Then, AMIT AGARWAL bought 150,000 shares, generating $19,714,500 in total proceeds.

Before that, Blitzer Adam sold 40,389 shares. Datadog Inc shares valued at $5,196,277 were divested by the Chief Operating Officer at a price of $128.66 per share. As a result of the transaction, Blitzer Adam now holds 177,465 shares, worth roughly $22.36 million.

BMO Capital Markets reiterated its Datadog Inc [DDOG] rating to an Outperform in a research note published on November 08, 2024; the price target was $145. A number of analysts have revised their coverage, including Monness Crespi & Hardt’s analysts, who increased its forecast for the stock in early November from “a Neutral” to “a Buy”. BMO Capital Markets also remained covering DDOG and reiterated its “an Outperform” recommendation on October 25, 2024. UBS revised its rating on October 18, 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 -0.10% to $125.97. Over the last five days, the stock has gained 2.95%. Datadog Inc shares have risen nearly 3.78% since the year began. Nevertheless, the stocks have risen 15.44% over the past one year. While a 52-week high of $138.61 was reached on 02/13/24, a 52-week low of $98.80 was recorded on 08/05/24. SMA at 50 days reached $121.59, while 200 days put it at $121.55.

Levels Of Support And Resistance For DDOG Stock

The 24-hour chart illustrates a support level at 124.67, which if violated will result in even more drops to 123.37. On the upside, there is a resistance level at 127.42. A further resistance level may holdings at 128.87. The Relative Strength Index (RSI) on the 14-day chart is 51.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 59.70%. Stochastics %K at 54.74% 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 2024-10-31, growing by 1.73 million shares to a total of 9.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 8.07 million shares. There was a rise of 17.64%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on October 08, 2024 when Exane BNP Paribas began covering the stock and recommended ‘”an Outperform”‘ rating along with a $150 price target.

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