Datadog (DDOG) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
The heavy selling pressure might have exhausted for Datadog (DDOG) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
David Obstler, Chief Financial Officer of Datadog Inc (NASDAQ:DDOG), executed a sale of 10,745 shares in the company on June 3, 2024, as reported in a recent SEC Filing.