Datadog, Inc. (NASDAQ:DDOG) CRO Sells $572,940.00 in Stock

Datadog, Inc. (NASDAQ:DDOGGet Free Report) CRO Sean Michael Walters sold 4,244 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $135.00, for a total transaction of $572,940.00. Following the completion of the sale, the executive now directly owns 179,367 shares of the company’s stock, valued at approximately $24,214,545. This trade represents a 2.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Sean Michael Walters also recently made the following trade(s):

  • On Tuesday, October 8th, Sean Michael Walters sold 2,322 shares of Datadog stock. The shares were sold at an average price of $125.00, for a total transaction of $290,250.00.

Datadog Trading Up 7.6 %

Shares of Datadog stock opened at $154.83 on Monday. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $155.42. The firm has a market capitalization of $52.60 billion, a price-to-earnings ratio of 292.14, a PEG ratio of 18.83 and a beta of 1.10. The firm’s 50 day simple moving average is $124.21 and its two-hundred day simple moving average is $120.05.

Institutional Trading of Datadog

Several large investors have recently made changes to their positions in DDOG. Acadian Asset Management LLC boosted its holdings in shares of Datadog by 13.5% in the 1st quarter. Acadian Asset Management LLC now owns 14,180 shares of the company’s stock valued at $1,749,000 after acquiring an additional 1,684 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Datadog by 17.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 9,396 shares of the company’s stock valued at $1,161,000 after acquiring an additional 1,382 shares during the last quarter. UniSuper Management Pty Ltd boosted its holdings in shares of Datadog by 116.7% in the 1st quarter. UniSuper Management Pty Ltd now owns 3,900 shares of the company’s stock valued at $482,000 after acquiring an additional 2,100 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Datadog in the 1st quarter valued at $43,000. Finally, JT Stratford LLC purchased a new stake in Datadog during the first quarter worth $205,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DDOG shares. Robert W. Baird upped their price target 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. Monness Crespi & Hardt raised shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a research report on Thursday, November 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $151.00 price target on shares of Datadog in a research report on Friday, August 9th. BTIG Research raised shares of Datadog from a “neutral” rating to a “buy” rating and set a $143.00 price target for the company in a research report on Thursday, August 1st. Finally, Sanford C. Bernstein lowered 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. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.96.

Get Our Latest Stock Analysis on Datadog

Datadog Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Datadog (NASDAQ:DDOG)

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