Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Datadog Inc shares valued at $16,323,964 were sold by Pomel Olivier on Jan 13 ’25. At $137.69 per share, Pomel Olivier sold 118,560 shares. The insider’s holdings dropped to 379,693 shares worth approximately $53.52 million following the completion of this transaction.
Also, 2019 Shah Family Trust purchased 7,916 shares, netting a total of over 1,101,591 in proceeds.
Before that, Agarwal Amit had sold 25,000 shares from its account. In a trade valued at $3,528,047, the Director traded Datadog Inc shares for $141.12 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $27.58 million.
As published in a research note from Truist on January 07, 2025, Datadog Inc [DDOG] has been rated down from a Buy to a Hold and the price target has been revised to $150 from $170. Analysts at Macquarie started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid December. As of November 08, 2024, BMO Capital Markets has reiterated its “an Outperform” rating for DDOG. Earlier on November 07, 2024, Monness Crespi & Hardt upgraded its rating. Their new recommendation was “a Buy” for DDOG stock which previously was a “a Neutral”.
Analyzing DDOG Stock Performance
During the last five days, there has been a drop of approximately -0.32%. Over the course of the year, Datadog Inc shares have dropped approximately -1.36%. Shares of the company reached a 52-week high of $147.64 on 01/06/25 and a 52-week low of $136.71 on 01/13/25. A 50-day SMA is recorded $143.95, while a 200-day SMA reached $125.83. Nevertheless, trading volume fell to 3.21 million shares from 3.41 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 139.63, which, if violated, would cause prices to drop to 138.30. In the upper region, resistance lies at 143.38. The next price resistance is at 145.80. RSI (Relative Strength Index) is 43.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.87, which suggests the price will decrease in the coming days. Percent R is at 66.77%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
