Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Datadog Inc shares valued at $566,192 were purchased by SEAN MICHAEL WALTERS on Nov 20 ’24. At $133.41 per share, SEAN MICHAEL WALTERS acquired 4,244 shares.
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Also, DAVID OBSTLER purchased 33,334 shares, netting a total of over 4,447,089 in proceeds.
Before that, Jacobson Matthew had sold 25,000 shares from its account. In a trade valued at $3,150,150, the Director traded Datadog Inc shares for $126.01 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $96.65 million.
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 9.46%. Over the course of the year, Datadog Inc shares have jumped approximately 18.52%. Shares of the company reached a 52-week high of $145.55 on 11/21/24 and a 52-week low of $98.80 on 08/05/24. A 50-day SMA is recorded $123.30, while a 200-day SMA reached $121.66. Nevertheless, trading volume fell to 8.67 million shares from 6.35 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 140.65, which, if violated, would cause prices to drop to 137.44. In the upper region, resistance lies at 146.31. The next price resistance is at 148.76. RSI (Relative Strength Index) is 70.45 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.74, which suggests the price will increase in the coming days. Percent R is at 6.96%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
