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

Datadog, Inc. (NASDAQ:DDOG) Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $142.12, for a total transaction of $1,125,021.92. Following the sale, the director now directly owns 427,785 shares in the company, valued at approximately $60,796,804.20. This trade represents a 1.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, December 16th, Shardul Shah sold 7,916 shares of Datadog stock. The stock was sold at an average price of $155.25, for a total transaction of $1,228,959.00.

Datadog Stock Performance

NASDAQ DDOG traded up $1.61 during trading hours on Friday, hitting $138.40. The company had a trading volume of 3,442,549 shares, compared to its average volume of 3,435,019. The business has a 50 day moving average of $145.75 and a 200-day moving average of $128.57. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08. The company has a market cap of $47.02 billion, a PE ratio of 261.14, a price-to-earnings-growth ratio of 16.31 and a beta of 1.14.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in shares of Datadog by 14.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 6,214 shares of the company’s stock valued at $888,000 after acquiring an additional 764 shares during the period. SG Americas Securities LLC grew its position in Datadog by 149.5% during the 4th quarter. SG Americas Securities LLC now owns 18,372 shares of the company’s stock worth $2,625,000 after purchasing an additional 11,009 shares during the last quarter. Dakota Wealth Management acquired a new position in Datadog in the fourth quarter valued at $435,000. Atomi Financial Group Inc. raised its holdings in shares of Datadog by 70.7% in the fourth quarter. Atomi Financial Group Inc. now owns 6,541 shares of the company’s stock valued at $935,000 after buying an additional 2,709 shares during the last quarter. Finally, Perpetual Ltd acquired a new stake in shares of Datadog during the fourth quarter worth about $355,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on DDOG. Loop Capital raised their target price on shares of Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Macquarie started coverage on Datadog in a research report on Thursday, December 12th. They set an “outperform” rating and a $200.00 price objective on the stock. Stifel Nicolaus upped their target price on Datadog from $141.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Sanford C. Bernstein reduced their price target on Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Finally, BMO Capital Markets boosted their price target on shares of Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.45.

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.