In a filing, Datadog Inc revealed its President Agarwal Amit unloaded Company’s shares for reported $3.7 million on Dec 26 ’24. In the deal valued at $147.99 per share,25,000 shares were sold. As a result of this transaction, Agarwal Amit now holds 195,667 shares worth roughly $28.34 million.
Then, AMIT AGARWAL bought 25,000 shares, generating $3,710,000 in total proceeds.
Before that, Pomel Olivier sold 19,226 shares. Datadog Inc shares valued at $2,955,531 were divested by the Chief Executive Officer at a price of $153.73 per share. As a result of the transaction, Pomel Olivier now holds 379,693 shares, worth roughly $54.99 million.
Macquarie initiated its Datadog Inc [DDOG] rating to an Outperform in a research note published on December 12, 2024; the price target was $200. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who remained covering the stock and in early November has reiterated a ‘”an Outperform”‘ rating for it. Monness Crespi & Hardt also remained covering DDOG and has increased its forecast on November 07, 2024 with a “Buy” recommendation from previously “Neutral” rating. BMO Capital Markets maintained its rating on October 25, 2024. It rated DDOG as “an Outperform”.
Price Performance Review of DDOG
On Friday, Datadog Inc [NASDAQ:DDOG] saw its stock jump 0.84% to $144.83. Over the last five days, the stock has lost -1.85%. Datadog Inc shares have risen nearly 1.36% since the year began. Nevertheless, the stocks have risen 28.83% over the past one year. While a 52-week high of $170.08 was reached on 01/03/25, a 52-week low of $98.80 was recorded on 01/02/25. SMA at 50 days reached $141.81, while 200 days put it at $125.20.
Levels Of Support And Resistance For DDOG Stock
The 24-hour chart illustrates a support level at 143.90, which if violated will result in even more drops to 142.96. On the upside, there is a resistance level at 146.00. A further resistance level may holdings at 147.16. The Relative Strength Index (RSI) on the 14-day chart is 46.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.62%. Stochastics %K at 10.82% indicates the stock is a buying.
How much short interest is there in Datadog Inc?
A steep rise in short interest was recorded in Datadog Inc stocks on 2024-12-13, growing by 4.04 million shares to a total of 15.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 11.37 million shares. There was a rise of 26.23%, which implies that there is a positive sentiment for the stock.
