In a filing, Datadog Inc revealed its Director Shah Shardul unloaded Company’s shares for reported $1.13 million on Jan 15 ’25. In the deal valued at $142.12 per share,7,916 shares were sold. As a result of this transaction, Shah Shardul now holds 427,785 shares worth roughly $59.21 million.
Then, Pomel Olivier sold 118,560 shares, generating $16,323,964 in total proceeds. Upon selling the shares at $137.69, the Chief Executive Officer now owns 379,693 shares.
Before that, 2019 Shah Family Trust bought 7,916 shares. Datadog Inc shares valued at $1,101,591 were divested by the Director at a price of $139.16 per share.
Cantor Fitzgerald initiated its Datadog Inc [DDOG] rating to an Overweight in a research note published on January 17, 2025; the price target was $180. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid January from “an Overweight” to “an Equal-weight”. Truist also remained covering DDOG and has decreased its forecast on January 07, 2025 with a “Hold” recommendation from previously “Buy” rating. Macquarie started covering the stock on December 12, 2024. It rated DDOG as “an Outperform”.
Price Performance Review of DDOG
On Tuesday, Datadog Inc [NASDAQ:DDOG] saw its stock unchanged to $138.40. Over the last five days, the stock has gained 0.29%. Datadog Inc shares have fallen nearly -3.14% since the year began. Nevertheless, the stocks have risen 9.05% over the past one year. While a 52-week high of $170.08 was reached on 01/06/25, a 52-week low of $98.80 was recorded on 01/16/25. SMA at 50 days reached $144.75, while 200 days put it at $126.05.
Levels Of Support And Resistance For DDOG Stock
The 24-hour chart illustrates a support level at 137.03, which if violated will result in even more drops to 135.65. On the upside, there is a resistance level at 140.29. A further resistance level may holdings at 142.17. The Relative Strength Index (RSI) on the 14-day chart is 41.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.49%. Stochastics %K at 28.51% indicates the stock is a holding.
How much short interest is there in Datadog Inc?
A steep rise in short interest was recorded in Datadog Inc stocks on 2024-12-31, dropping by -1.73 million shares to a total of 14.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 16.02 million shares. There was a decline of -12.07%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 08, 2024 when BMO Capital Markets resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $145.
