Looking At Datadog's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Datadog (NASDAQ:DDOG) by a large investor, as indicated by unusual options activity. 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 $80.0 to $150.0 for Datadog over the last 3 months. Citigroup has maintained their Buy rating on Datadog, with a price target of $125.
September 28, 2023 | 8:34 pm
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Unusual options activity indicates a significant bearish stance on Datadog. The sentiment of big-money traders is more bearish than bullish. However, Citigroup maintains a Buy rating with a price target of $125.
The unusual options activity, with a significant bearish stance, indicates that large investors are expecting the price of Datadog to decrease. This could put downward pressure on the stock price in the short term. However, Citigroup's maintained Buy rating and price target of $125 suggests a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100