Amit Agarwal Sells 10,167 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) Director Amit Agarwal sold 10,167 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $115.86, for a total value of $1,177,948.62. Following the completion of the sale, the director now owns 82,324 shares in the company, valued at approximately $9,538,058.64. This represents a 10.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Wednesday, March 5th, Amit Agarwal sold 25,000 shares of Datadog stock. The shares were sold at an average price of $114.21, for a total value of $2,855,250.00.
• On Wednesday, January 22nd, Amit Agarwal sold 25,000 shares of Datadog stock. The shares were sold at an average price of $139.47, for a total value of $3,486,750.00.
• On Wednesday, January 8th, Amit Agarwal sold 25,000 shares of Datadog stock. The stock was sold at an average price of $141.12, for a total value of $3,528,000.00.
• On Thursday, December 26th, Amit Agarwal sold 25,000 shares of Datadog stock. The stock was sold at an average price of $147.99, for a total value of $3,699,750.00.

Datadog Price Performance

DDOG opened at $111.46 on Friday. The business’s 50-day moving average price is $135.78 and its two-hundred day moving average price is $131.71. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08. The company has a market capitalization of $38.20 billion, a price-to-earnings ratio of 218.55, a P/E/G ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. Sell-side analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Cantor Fitzgerald assumed coverage on Datadog in a research report on Friday, January 17th. They issued an “overweight” rating and a $180.00 price objective on the stock. Jefferies Financial Group increased their price objective on Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Stifel Nicolaus lowered Datadog from a “buy” rating to a “hold” rating and decreased their price objective for the company from $165.00 to $140.00 in a research report on Wednesday, January 29th. TD Cowen reissued a “buy” rating and issued a $165.00 price target on shares of Datadog in a research note on Tuesday, November 19th. Finally, JMP Securities reissued a “market perform” rating on shares of Datadog in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Institutional Trading of Datadog

Several hedge funds and other institutional investors have recently modified their holdings of DDOG. Wealth Enhancement Advisory Services LLC raised its stake in shares of Datadog by 8.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,746 shares of the company’s stock valued at $1,352,000 after purchasing an additional 886 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of Datadog by 51.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 608,252 shares of the company’s stock valued at $69,985,000 after acquiring an additional 206,696 shares in the last quarter. KG&L Capital Management LLC grew its holdings in shares of Datadog by 22.3% in the 3rd quarter. KG&L Capital Management LLC now owns 3,915 shares of the company’s stock valued at $450,000 after acquiring an additional 715 shares in the last quarter. National Pension Service grew its holdings in shares of Datadog by 10.2% in the 3rd quarter. National Pension Service now owns 432,450 shares of the company’s stock valued at $49,758,000 after acquiring an additional 39,881 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Datadog by 3.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 99,194 shares of the company’s stock valued at $11,413,000 after acquiring an additional 3,151 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

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.