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 business’s stock in a transaction 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. The trade was a 10.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 stock was 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 transaction of $3,486,750.00.
• On Wednesday, January 8th, Amit Agarwal sold 25,000 shares of Datadog stock. The shares were 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.

Datadog Price Performance

Datadog stock traded down $0.37 during trading hours on Wednesday, reaching $115.09. The stock had a trading volume of 3,408,522 shares, compared to its average volume of 3,997,198. The stock has a market cap of $39.45 billion, a PE ratio of 225.67, a PEG ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08. The company has a fifty day simple moving average of $137.17 and a 200-day simple moving average of $131.97.

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

Hedge Funds Weigh In On Datadog

A number of institutional investors have recently added to or reduced their stakes in the company. Siemens Fonds Invest GmbH boosted its holdings in shares of Datadog by 2.4% during the 4th quarter. Siemens Fonds Invest GmbH now owns 5,856 shares of the company’s stock valued at $844,000 after buying an additional 137 shares in the last quarter. Total Wealth Planning & Management Inc. purchased a new position in Datadog during the 4th quarter valued at about $314,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Datadog during the fourth quarter worth about $47,697,000. Azzad Asset Management Inc. ADV grew its holdings in Datadog by 8.5% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 20,761 shares of the company’s stock worth $2,967,000 after purchasing an additional 1,622 shares during the period. Finally, Putney Financial Group LLC bought a new position in shares of Datadog during the fourth quarter valued at approximately $32,000. Institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wolfe Research downgraded shares of Datadog from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. Robert W. Baird boosted their price target 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. Jefferies Financial Group lifted their price objective on Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Barclays reduced their target price on Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Finally, Citigroup lowered their price target on Datadog from $170.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and an average price target of $158.70.

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.