Sean Michael Walters Sells 4,244 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters sold 4,244 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $135.00, for a total transaction of $572,940.00. Following the sale, the executive now directly owns 179,367 shares in the company, valued at approximately $24,214,545. This represents a 2.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Sean Michael Walters also recently made the following trade(s):

• On Tuesday, October 8th, Sean Michael Walters sold 2,322 shares of Datadog stock. The shares were sold at an average price of $125.00, for a total transaction of $290,250.00.

Datadog Stock Performance

DDOG opened at $154.83 on Friday. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $155.42. The company’s 50 day simple moving average is $124.21 and its 200 day simple moving average is $120.03. The stock has a market capitalization of $52.60 billion, a PE ratio of 292.14, a P/E/G ratio of 18.83 and a beta of 1.10.

Hedge Funds Weigh In On Datadog

A number of hedge funds have recently made changes to their positions in the stock. SouthState Corp purchased a new position in shares of Datadog in the 2nd quarter worth $26,000. True Wealth Design LLC raised its holdings in shares of Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after purchasing an additional 240 shares during the period. Meeder Asset Management Inc. lifted its stake in shares of Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after purchasing an additional 115 shares in the last quarter. Quarry LP purchased a new stake in shares of Datadog during the 3rd quarter worth about $33,000. Finally, Blue Trust Inc. acquired a new stake in Datadog during the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Ratings Changes

DDOG has been the subject of several research analyst reports. Sanford C. Bernstein dropped their price objective on Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. UBS Group restated an “underperform” rating on shares of Datadog in a research report on Friday, October 18th. Scotiabank decreased their price objective on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a research report on Friday, November 8th. Citigroup increased their price objective on shares of Datadog from $150.00 to $157.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $151.00 price target on shares of Datadog in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $150.96.

About Datadog

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.