Datadog, Inc. (NASDAQ:DDOG) Director Amit Agarwal Sells 25,000 Shares

Datadog, Inc. (NASDAQ:DDOG) Director Amit Agarwal sold 25,000 shares of Datadog stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $114.21, for a total value of $2,855,250.00. Following the sale, the director now directly owns 82,324 shares in the company, valued at $9,402,224.04. The trade was a 23.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, March 3rd, Amit Agarwal sold 10,167 shares of Datadog stock. The shares were sold at an average price of $115.86, for a total value of $1,177,948.62.
• 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 value 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 value 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 value of $3,699,750.00.

Datadog Price Performance

Shares of DDOG stock opened at $115.09 on Thursday. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $170.08. The stock’s 50-day moving average is $136.50 and its two-hundred day moving average is $131.85. The firm has a market cap of $39.45 billion, a P/E ratio of 225.67, a PEG ratio of 44.03 and a beta of 1.22.

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

Institutional Trading of Datadog

Several large investors have recently made changes to their positions in DDOG. Groupama Asset Managment boosted its stake in shares of Datadog by 407.6% during the 4th quarter. Groupama Asset Managment now owns 6,600,000 shares of the company’s stock worth $943,074,000 after acquiring an additional 5,299,688 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Datadog by 17,477.2% during the 4th quarter. Janus Henderson Group PLC now owns 4,016,558 shares of the company’s stock worth $573,923,000 after acquiring an additional 3,993,707 shares in the last quarter. Norges Bank bought a new stake in shares of Datadog during the 4th quarter worth about $462,910,000. Jennison Associates LLC boosted its stake in shares of Datadog by 47.9% during the 4th quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock worth $1,325,826,000 after acquiring an additional 3,005,300 shares in the last quarter. Finally, Brown Advisory Inc. boosted its stake in Datadog by 2,804.2% during the 4th quarter. Brown Advisory Inc. now owns 2,749,174 shares of the company’s stock valued at $392,830,000 after purchasing an additional 2,654,512 shares during the period. Institutional investors own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DDOG. TD Cowen restated a “buy” rating and issued a $165.00 price objective on shares of Datadog in a report on Tuesday, November 19th. Cantor Fitzgerald started coverage on Datadog in a report on Friday, January 17th. They issued an “overweight” rating and a $180.00 price objective for the company. Rosenblatt Securities boosted their target price on Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Robert W. Baird boosted their target price on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Citigroup cut their target price on Datadog from $170.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $158.70.

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.