Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. DoubleVerify Holdings Inc shares valued at $749,318 were sold by Desmond Laura on Nov 21 ’24. At $19.98 per share, Desmond Laura sold 37,500 shares. The insider’s holdings dropped to 132,197 shares worth approximately $2.78 million following the completion of this transaction.
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Also, Allais Nicola T sold 2,274 shares, netting a total of over 45,513 in proceeds. Following the sale of shares at $20.01 each, the insider now holds 81,598 shares.
Before that, Allais Nicola T had sold 2,220 shares from its account. In a trade valued at $44,594, the Chief Financial Officer traded DoubleVerify Holdings Inc shares for $20.09 each. Upon closing the transaction, the insider’s holdings decreased to 2,220 shares, worth approximately $1.72 million.
As published in their initiating research note from Wells Fargo on October 29, 2024, DoubleVerify Holdings Inc [DV] has been an Underweight and the price target has been revised to $14. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in late June. As of May 09, 2024, BofA Securities has decreased its “Buy” rating to a “an Underperform” for DV. Earlier on May 08, 2024, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for DV stock which previously was a “an Overweight”.
Analyzing DV Stock Performance
During the last five days, there has been a surge of approximately 2.73%. Over the course of the year, DoubleVerify Holdings Inc shares have dropped approximately -42.74%. Shares of the company reached a 52-week high of $43.00 on 02/26/24 and a 52-week low of $16.11 on 10/23/24. A 50-day SMA is recorded $18.27, while a 200-day SMA reached $22.60. Nevertheless, trading volume fell to 1.02 million shares from 1.77 million shares the previous day.
Support And Resistance Levels for DoubleVerify Holdings Inc (DV)
According to the 24-hour chart, there is a support level at 20.76, which, if violated, would cause prices to drop to 20.46. In the upper region, resistance lies at 21.32. The next price resistance is at 21.58. RSI (Relative Strength Index) is 68.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.69, which suggests the price will decrease in the coming days. Percent R is at 9.05%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
