Datadog, Inc. (NASDAQ:DDOG) Director Sells $3,486,750.00 in Stock

Datadog, Inc. (NASDAQ:DDOG) Director Amit Agarwal sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $139.47, for a total transaction of $3,486,750.00. Following the sale, the director now directly owns 195,667 shares of the company’s stock, valued at approximately $27,289,676.49. This trade represents a 11.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 transaction of $3,528,000.00.
• 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 transaction of $3,699,750.00.
• On Friday, November 15th, Amit Agarwal sold 150,000 shares of Datadog stock. The shares were sold at an average price of $126.03, for a total transaction of $18,904,500.00.

Datadog Price Performance

Shares of DDOG stock opened at $140.99 on Monday. The stock has a market cap of $47.90 billion, a P/E ratio of 266.02, a P/E/G ratio of 16.28 and a beta of 1.14. The company has a fifty day moving average price of $147.36 and a two-hundred day moving average price of $128.89. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wedbush raised shares of Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. DA Davidson upped their target price 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. Stifel Nicolaus upped their target price on shares of Datadog from $141.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. TD Cowen reaffirmed a “buy” rating and issued a $165.00 target price on shares of Datadog in a research note on Tuesday, November 19th. Finally, Scotiabank lowered 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 note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $158.45.

Institutional Trading of Datadog

Large investors have recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new stake in Datadog in the fourth quarter valued at $30,000. Avior Wealth Management LLC lifted its stake in Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after acquiring an additional 81 shares during the last quarter. True Wealth Design LLC lifted its stake in Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after acquiring an additional 240 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after acquiring an additional 115 shares during the last quarter. Finally, Quarry LP acquired a new stake in Datadog in the third quarter valued at $33,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

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.