Datadog, Inc. (NASDAQ:DDOG) Director Sells $424,226.79 in Stock

Datadog, Inc. (NASDAQ:DDOG) Director Matthew Jacobson sold 3,393 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $125.03, for a total transaction of $424,226.79. Following the completion of the sale, the director now owns 695,086 shares of the company’s stock, valued at $86,906,602.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Matthew Jacobson also recently made the following trade(s):

• On Wednesday, September 11th, Matthew Jacobson sold 9,256 shares of Datadog stock. The stock was sold at an average price of $108.05, for a total transaction of $1,000,110.80.

Datadog Stock Up 4.1 %

DDOG traded up $5.04 during trading on Wednesday, hitting $128.45. 7,681,037 shares of the stock were exchanged, compared to its average volume of 3,837,486. The firm has a market capitalization of $43.31 billion, a P/E ratio of 245.36, a PEG ratio of 18.45 and a beta of 1.10. The stock has a fifty day moving average price of $120.03 and a two-hundred day moving average price of $119.40. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $138.61.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DDOG shares. Scotiabank reduced their price target on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a research report on Friday, November 8th. UBS Group reiterated an “underperform” rating on shares of Datadog in a research note on Friday, October 18th. BTIG Research upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $143.00 price objective on the stock in a research note on Thursday, August 1st. Rosenblatt Securities lifted their target price on shares of Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Barclays lifted their target price on shares of Datadog from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $150.96.

Institutional Trading of Datadog

A number of institutional investors have recently bought and sold shares of DDOG. Kodai Capital Management LP acquired a new position in Datadog in the first quarter valued at $116,054,000. DNB Asset Management AS raised its holdings in shares of Datadog by 1,974.5% during the 2nd quarter. DNB Asset Management AS now owns 847,600 shares of the company’s stock valued at $109,925,000 after buying an additional 806,741 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of Datadog by 1,597.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 785,261 shares of the company’s stock valued at $101,841,000 after buying an additional 739,011 shares during the period. Champlain Investment Partners LLC acquired a new stake in Datadog during the 3rd quarter valued at approximately $52,561,000. Finally, Eagle Asset Management Inc. grew its stake in Datadog by 72.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 914,776 shares of the company’s stock valued at $113,844,000 after purchasing an additional 384,121 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

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.