Insider Selling: Datadog, Inc. (NASDAQ:DDOG) President Sells $3,699,750.00 in Stock

Datadog, Inc. (NASDAQ:DDOG) President Amit Agarwal sold 25,000 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $147.99, for a total value of $3,699,750.00. Following the sale, the president now owns 195,667 shares of the company’s stock, valued at $28,956,759.33. The trade was a 11.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Amit Agarwal also recently made the following trade(s):

• On Friday, November 15th, Amit Agarwal sold 150,000 shares of Datadog stock. The stock was sold at an average price of $126.03, for a total value of $18,904,500.00.

Datadog Stock Down 0.9 %

Shares of NASDAQ DDOG opened at $142.89 on Thursday. The business’s 50 day moving average is $142.48 and its two-hundred day moving average is $127.00. The company has a market cap of $48.54 billion, a P/E ratio of 269.61, a P/E/G ratio of 20.27 and a beta of 1.11. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Jennison Associates LLC grew its holdings in shares of Datadog by 2.1% during the 3rd quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock worth $721,811,000 after purchasing an additional 126,613 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Datadog by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company’s stock worth $595,438,000 after purchasing an additional 125,457 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Datadog by 9.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,944,943 shares of the company’s stock worth $511,620,000 after purchasing an additional 331,808 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in shares of Datadog by 5.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,486,600 shares of the company’s stock worth $322,487,000 after purchasing an additional 138,700 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Datadog by 2.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company’s stock worth $232,988,000 after purchasing an additional 46,746 shares in the last quarter. 78.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DDOG shares. TD Cowen restated a “buy” rating and set a $165.00 price objective on shares of Datadog in a research report on Tuesday, November 19th. Robert W. Baird lifted their price target on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Stifel Nicolaus lifted their price target on Datadog from $141.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Wedbush upgraded Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Barclays lifted their price target on Datadog from $155.00 to $187.00 and gave the company an “overweight” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and a consensus target price of $157.04.

Datadog Company Profile

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.