Datadog Unusual Options Activity For July 19
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Datadog (NASDAQ:DDOG) by a whale investor. Out of the unusual options trades detected, 85% were bearish and 14% bullish. The trades targeted a price range of $70.0 to $170.0 for Datadog over the last 3 months. The current price of DDOG is up 2.09% at $116.19. Analysts from Oppenheimer and Barclays maintain positive ratings on Datadog with price targets of $120 and $134 respectively, while Cantor Fitzgerald downgraded its action to Overweight with a price target of $100.
July 19, 2023 | 2:46 pm
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A whale investor has taken a significant bearish stance on Datadog. The majority of unusual options trades were bearish, targeting a price range of $70.0 to $170.0. The current price of DDOG is up 2.09% at $116.19. Analyst ratings are mixed with price targets ranging from $100 to $134.
The bearish stance taken by a whale investor, indicated by the majority of unusual options trades being bearish, could potentially drive the stock price down in the short term. However, the current price is up and analyst ratings are mixed, which adds some uncertainty to the prediction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100