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 sentiment among these big-money traders is split between 13% bullish and 86% bearish. The whales have been targeting a price range from $85.0 to $110.0 for Datadog over the last 3 months. UBS has downgraded its action to Neutral with a price target of $100, while Piper Sandler upgraded its action to Overweight with a price target of $115.
October 06, 2023 | 8:46 pm
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Unusual options activity indicates a significant bearish stance on Datadog. The sentiment among big-money traders is largely bearish, with a targeted price range of $85.0 to $110.0.
The unusual options activity, with a significant bearish sentiment among big-money traders, indicates a potential downward pressure on Datadog's stock price in the short term. This is further supported by UBS's downgrade to Neutral.
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