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. DoubleVerify Holdings Inc shares valued at $45,368 were sold by Allais Nicola T on Dec 10 ’24. At $20.44 per share, Allais Nicola T sold 2,220 shares. The insider’s holdings dropped to 81,598 shares worth approximately $1.62 million following the completion of this transaction.
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Also, Allais Nicola T sold 2,220 shares, netting a total of over 45,306 in proceeds. Following the sale of shares at $20.41 each, the insider now holds 81,598 shares.
Before that, Desmond Laura had sold 37,500 shares from its account. In a trade valued at $749,318, the Director traded DoubleVerify Holdings Inc shares for $19.98 each. Upon closing the transaction, the insider’s holdings decreased to 37,500 shares, worth approximately $2.62 million.
As published in their initiating research note from Raymond James on December 18, 2024, DoubleVerify Holdings Inc [DV] has been an Outperform and the price target has been revised to $25. Analysts at Scotiabank started covering the stock with ‘”a Sector outperform”‘ outlook in a report released in early December. As of October 29, 2024, Wells Fargo has initiated its “an Underweight” rating for DV. Earlier on June 25, 2024, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for DV stock which previously was a “an Overweight”.
Analyzing DV Stock Performance
During the last five days, there has been a drop of approximately -4.43%. Over the course of the year, DoubleVerify Holdings Inc shares have dropped approximately -46.03%. 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 $18.94, while a 200-day SMA reached $21.75. Nevertheless, trading volume fell to 2.06 million shares from 1.3 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 19.49, which, if violated, would cause prices to drop to 19.13. In the upper region, resistance lies at 20.53. The next price resistance is at 21.22. RSI (Relative Strength Index) is 49.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.43, which suggests the price will decrease in the coming days. Percent R is at 93.59%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
