Check Out What Whales Are Doing With DDOG
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Datadog (NASDAQ:DDOG) by a large investor or institution, as evidenced by a large position in options. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $75.0 to $101.0 for Datadog over the last 3 months. Despite this, several financial institutions maintain a positive outlook on DDOG, with price targets ranging from $103 to $140.
August 11, 2023 | 2:31 pm
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A large investor has taken a bearish stance on Datadog, with a significant options position. However, several financial institutions maintain a positive outlook on the company.
The bearish stance taken by a large investor, as evidenced by the significant options position, could potentially drive the stock price down in the short term. However, the positive outlook maintained by several financial institutions could counteract this to some extent.
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