Datadog, Inc. (NASDAQ:DDOG) Director Sells 25,000 Shares

Datadog, Inc. (NASDAQ:DDOG) Director Amit Agarwal sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $141.12, for a total value of $3,528,000.00. Following the completion of the transaction, the director now directly owns 195,667 shares in the company, valued at $27,612,527.04. The trade was a 11.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, December 26th, Amit Agarwal sold 25,000 shares of Datadog stock. The shares were sold at an average price of $147.99, for a total value of $3,699,750.00.
• 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 transaction of $18,904,500.00.

Datadog Stock Performance

Shares of NASDAQ DDOG traded down $2.42 during mid-day trading on Monday, hitting $138.00. 4,412,078 shares of the stock were exchanged, compared to its average volume of 3,087,121. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $170.08. The stock’s fifty day simple moving average is $144.83 and its two-hundred day simple moving average is $128.29. The company has a market cap of $46.88 billion, a P/E ratio of 260.38, a PEG ratio of 19.82 and a beta of 1.14.

Hedge Funds Weigh In On Datadog

Institutional investors have recently bought and sold shares of the business. Holocene Advisors LP grew its holdings in shares of Datadog by 205.2% during the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock worth $187,878,000 after purchasing an additional 1,097,815 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in Datadog by 1,597.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 785,261 shares of the company’s stock worth $101,841,000 after acquiring an additional 739,011 shares during the last quarter. Champlain Investment Partners LLC acquired a new stake in Datadog in the 3rd quarter valued at about $52,561,000. Eagle Asset Management Inc. raised its stake in shares of Datadog by 72.4% in the third quarter. Eagle Asset Management Inc. now owns 914,776 shares of the company’s stock worth $113,844,000 after acquiring an additional 384,121 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Datadog by 129.2% in the second quarter. Bank of Montreal Can now owns 610,977 shares of the company’s stock worth $79,384,000 after acquiring an additional 344,431 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Scotiabank cut their target price on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a research report on Friday, November 8th. Rosenblatt Securities boosted their price objective on Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Jefferies Financial Group increased their target price on Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Monness Crespi & Hardt raised Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Thursday, November 7th. Finally, Wedbush raised Datadog from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $157.46.

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.