Datadog, Inc. (NASDAQ:DDOG) Director Sells $424,226.79 in Stock

Datadog, Inc. (NASDAQ:DDOG) Director Matthew Jacobson sold 3,393 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $125.03, for a total transaction of $424,226.79. Following the sale, the director now owns 695,086 shares of the company’s stock, valued at approximately $86,906,602.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Matthew Jacobson also recently made the following trade(s):

• On Wednesday, September 11th, Matthew Jacobson sold 9,256 shares of Datadog stock. The stock was sold at an average price of $108.05, for a total transaction of $1,000,110.80.

Datadog Stock Up 4.1 %

NASDAQ:DDOG opened at $128.45 on Thursday. The business’s 50-day moving average price is $120.03 and its 200 day moving average price is $119.40. The firm has a market cap of $43.31 billion, a P/E ratio of 242.36, a PEG ratio of 18.45 and a beta of 1.10. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $138.61.

Analyst Ratings Changes

Several brokerages have issued reports on DDOG. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $150.00 price objective on shares of Datadog in a research report on Monday, July 22nd. Monness Crespi & Hardt raised shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Thursday, November 7th. Robert W. Baird increased their price objective on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. DA Davidson raised their price target on shares of Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, BTIG Research raised shares of Datadog from a “neutral” rating to a “buy” rating and set a $143.00 price target for the company in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Datadog has a consensus rating of “Moderate Buy” and a consensus target price of $150.96.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DDOG. Vanguard Group Inc. increased its stake in Datadog by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 27,431,107 shares of the company’s stock worth $3,390,485,000 after purchasing an additional 171,693 shares in the last quarter. Jennison Associates LLC boosted its position in 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 acquiring an additional 126,613 shares during the period. Massachusetts Financial Services Co. MA boosted its position in 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 acquiring an additional 331,808 shares during the period. 1832 Asset Management L.P. boosted its position in 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 acquiring an additional 138,700 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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 valued at $232,988,000 after buying an additional 46,746 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

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.