Datadog Inc’s filing revealed that its Director OLIVIER POMEL acquired Company’s shares for reported $17.86 million on Nov 25 ’24. In the deal valued at $154.83 per share,115,356 shares were bought.
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Then, AMIT AGARWAL bought 59,250 shares, generating $9,173,678 in total proceeds.
Before that, AMIT AGARWAL bought 90,750 shares. Datadog Inc shares valued at $13,055,295 were divested by the Officer at a price of $143.86 per share.
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 jump 1.16% to $156.63. Over the last five days, the stock has gained 24.34%. Datadog Inc shares have risen nearly 29.04% since the year began. Nevertheless, the stocks have risen 38.77% over the past one year. While a 52-week high of $155.42 was reached on 11/25/24, a 52-week low of $98.80 was recorded on 08/05/24. SMA at 50 days reached $125.12, while 200 days put it at $121.88.
Levels Of Support And Resistance For DDOG Stock
The 24-hour chart illustrates a support level at 154.26, which if violated will result in even more drops to 151.90. On the upside, there is a resistance level at 158.07. A further resistance level may holdings at 159.52. The Relative Strength Index (RSI) on the 14-day chart is 77.73, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 18.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.45%. Stochastics %K at 96.62% indicates the stock is a selling.
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.
