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

Datadog, Inc. (NASDAQ:DDOG) Director Matthew Jacobson sold 3,393 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $125.03, for a total value 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. The trade was a 0.49 % decrease in their position. 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 value of $1,000,110.80.

Datadog Trading Down 4.1 %

NASDAQ DDOG opened at $126.09 on Friday. The company has a 50-day moving average price of $120.85 and a two-hundred day moving average price of $119.55. The stock has a market cap of $42.51 billion, a price-to-earnings ratio of 237.91, a price-to-earnings-growth ratio of 19.20 and a beta of 1.10. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $138.61.

Institutional Trading of Datadog

Large investors have recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund acquired a new position in shares of Datadog during the first quarter valued at $593,000. QRG Capital Management Inc. raised its stake in shares of Datadog by 3.1% in the 1st quarter. QRG Capital Management Inc. now owns 7,899 shares of the company’s stock worth $976,000 after buying an additional 234 shares in the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Datadog by 36.2% in the first quarter. Avantax Advisory Services Inc. now owns 6,442 shares of the company’s stock valued at $796,000 after buying an additional 1,713 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Datadog by 19.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 204,116 shares of the company’s stock valued at $25,229,000 after buying an additional 32,538 shares in the last quarter. Finally, Midwest Professional Planners LTD. grew its holdings in Datadog by 13.3% during the first quarter. Midwest Professional Planners LTD. now owns 2,707 shares of the company’s stock worth $335,000 after acquiring an additional 318 shares during the period. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DDOG shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $150.00 price objective on shares of Datadog in a report on Monday, July 22nd. Robert W. Baird lifted their price target on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 8th. UBS Group reissued an “underperform” rating on shares of Datadog in a report on Friday, October 18th. DA Davidson lifted their target price on Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Needham & Company LLC dropped their price target on Datadog from $165.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.96.

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.