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. Datadog Inc shares valued at $2,955,531 were sold by Pomel Olivier on Dec 18 ’24. At $153.73 per share, Pomel Olivier sold 19,226 shares. The insider’s holdings dropped to 379,693 shares worth approximately $56.35 million following the completion of this transaction.
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Also, OLIVIER POMEL purchased 19,226 shares, netting a total of over 3,016,752 in proceeds.
Before that, Shah Shardul had sold 7,916 shares from its account. In a trade valued at $1,228,956, the Director traded Datadog Inc shares for $155.25 each. Upon closing the transaction, the insider’s holdings decreased to 7,916 shares, worth approximately $64.66 million.
As published in their initiating research note from Macquarie on December 12, 2024, Datadog Inc [DDOG] has been an Outperform and the price target has been revised to $200. Analysts at BMO Capital Markets resumed the stock at ‘”an Outperform”‘ outlook in a report released in early November. As of November 07, 2024, Monness Crespi & Hardt has increased its “Neutral” rating to a “Buy” for DDOG. Earlier on October 25, 2024, BMO Capital Markets resumed its rating. Their recommendation was “an Outperform” for DDOG stock.
Analyzing DDOG Stock Performance
During the last five days, there has been a drop of approximately -5.02%. Over the course of the year, Datadog Inc shares have jumped approximately 22.78%. Shares of the company reached a 52-week high of $170.08 on 12/06/24 and a 52-week low of $98.80 on 08/05/24. A 50-day SMA is recorded $139.58, while a 200-day SMA reached $124.52. Nevertheless, trading volume fell to 1.04 million shares from 2.91 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 147.51, which, if violated, would cause prices to drop to 146.62. In the upper region, resistance lies at 148.90. The next price resistance is at 149.39. RSI (Relative Strength Index) is 50.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.53, which suggests the price will decrease in the coming days. Percent R is at 83.13%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
