Datadog, Inc. (NASDAQ:DDOG) Director Sells $3,528,000.00 in Stock

Datadog, Inc. (NASDAQ:DDOG) Director Amit Agarwal sold 25,000 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $141.12, for a total transaction of $3,528,000.00. Following the completion of the sale, the director now directly owns 195,667 shares of the company’s stock, valued at approximately $27,612,527.04. The trade was a 11.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Thursday, December 26th, Amit Agarwal sold 25,000 shares of Datadog stock. The stock was 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 stock was sold at an average price of $126.03, for a total transaction of $18,904,500.00.

Datadog Trading Up 1.3 %

Shares of DDOG opened at $140.95 on Thursday. The company has a market cap of $47.88 billion, a PE ratio of 265.95, a price-to-earnings-growth ratio of 19.82 and a beta of 1.14. The stock has a 50-day moving average price of $145.36 and a 200-day moving average price of $128.42. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $170.08.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DDOG shares. Loop Capital boosted their target price on Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Rosenblatt Securities boosted their target price on Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Jefferies Financial Group upped 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. Citigroup upped their price objective on Datadog from $150.00 to $157.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Datadog in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Datadog has an average rating of “Moderate Buy” and an average target price of $157.46.

Institutional Trading of Datadog

Large investors have recently modified their holdings of the business. Los Angeles Capital Management LLC boosted its position in shares of Datadog by 172.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company’s stock valued at $4,469,000 after acquiring an additional 24,574 shares during the last quarter. Heritage Investors Management Corp bought a new stake in shares of Datadog during the 3rd quarter valued at about $1,157,000. Atom Investors LP bought a new stake in shares of Datadog during the 3rd quarter valued at about $1,112,000. Jennison Associates LLC boosted its position in shares of Datadog by 2.1% during the 3rd quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock valued at $721,811,000 after acquiring an additional 126,613 shares during the last quarter. Finally, Parnassus Investments LLC boosted its position in shares of Datadog by 28.4% during the 3rd quarter. Parnassus Investments LLC now owns 185,329 shares of the company’s stock valued at $21,324,000 after acquiring an additional 40,952 shares during the last quarter. Institutional investors 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.