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

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

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

• 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 stock was sold at an average price of $147.99, for a total value 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 Stock Up 0.6 %

DDOG stock traded up $0.79 during trading on Friday, hitting $140.99. 2,812,845 shares of the company’s stock traded hands, compared to its average volume of 3,394,718. The stock has a market capitalization of $47.90 billion, a price-to-earnings ratio of 266.02, a price-to-earnings-growth ratio of 16.28 and a beta of 1.14. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08. The stock has a fifty day moving average price of $147.06 and a two-hundred day moving average price of $128.82.

Institutional Investors Weigh In On Datadog

Institutional investors and hedge funds have recently bought and sold shares of the business. True Wealth Design LLC grew its position in shares of Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after acquiring an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC bought a new position in Datadog in the 4th quarter worth about $30,000. Avior Wealth Management LLC increased its stake in shares of 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 purchasing an additional 81 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after buying an additional 115 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Datadog during the third quarter worth approximately $33,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Sanford C. Bernstein dropped their price target on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Wedbush upgraded Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. Stifel Nicolaus lifted their target price on Datadog from $141.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Robert W. Baird increased their price objective on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, BNP Paribas began coverage on shares of Datadog in a report on Tuesday, October 8th. They set an “outperform” rating and a $150.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.45.

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.