Datadog, Inc. (NASDAQ:DDOG) Director Shardul Shah Sells 7,916 Shares

Datadog, Inc. (NASDAQ:DDOG) Director Shardul Shah sold 7,916 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $155.25, for a total transaction of $1,228,959.00. Following the completion of the transaction, the director now owns 435,701 shares of the company’s stock, valued at $67,642,580.25. This trade represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shardul Shah also recently made the following trade(s):

• On Tuesday, October 15th, Shardul Shah sold 7,916 shares of Datadog stock. The stock was sold at an average price of $126.67, for a total transaction of $1,002,719.72.
• On Friday, October 4th, Shardul Shah sold 15,832 shares of Datadog stock. The shares were sold at an average price of $120.02, for a total value of $1,900,156.64.

Datadog Stock Performance

DDOG stock opened at $150.20 on Thursday. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08. The stock has a market capitalization of $51.03 billion, a price-to-earnings ratio of 283.40, a PEG ratio of 20.27 and a beta of 1.11. The stock’s fifty day moving average is $138.56 and its two-hundred day moving average is $124.68.

Institutional Trading of Datadog

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

Wall Street Analysts Forecast Growth

DDOG has been the subject of a number of analyst reports. Scotiabank reduced their price target on Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a report on Friday, November 8th. Sanford C. Bernstein reduced their target price on Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. TD Cowen reissued a “buy” rating and set a $165.00 price target on shares of Datadog in a research report on Tuesday, November 19th. Robert W. Baird upped their price target on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, DA Davidson increased their price objective on shares of Datadog from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and an average price target of $155.56.

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.