This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Over the past 3 months, 16 analysts have published their opinion on Datadog (NASDAQ:DDOG) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
A whale with a lot of money to spend has taken a noticeably bullish stance on Datadog.
Looking at options history for Datadog (NASDAQ:DDOG) we detected 19 strange trades.
Someone with a lot of money to spend has taken a bearish stance on Datadog (NASDAQ:DDOG).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
On average, software companies beat Q2 revenue estimates by 2% and profitability expectations by 5%, RBC analyst Matthew Hedberg said.
Q3 was guided lower for both revenue and profitability while stocks moved on average 2.1% higher the day following earnings.