Insider Selling: Datadog, Inc. (NASDAQ:DDOG) President Sells 25,000 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) President Amit Agarwal sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $147.99, for a total value of $3,699,750.00. Following the transaction, the president now owns 195,667 shares of the company’s stock, valued at approximately $28,956,759.33. This represents a 11.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• 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 value of $18,904,500.00.

Datadog Stock Down 1.2 %

Shares of Datadog stock traded down $1.82 on Monday, hitting $144.17. 2,060,117 shares of the company traded hands, compared to its average volume of 4,013,715. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $170.08. The company has a market cap of $48.98 billion, a PE ratio of 272.02, a PEG ratio of 20.27 and a beta of 1.11. The company has a 50-day moving average price of $141.32 and a 200 day moving average price of $126.54.

Institutional Trading of Datadog

A number of institutional investors have recently bought and sold shares of DDOG. SouthState Corp bought a new position in Datadog during the second quarter valued at approximately $26,000. True Wealth Design LLC raised its holdings in shares of Datadog by 12,000.0% during the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after purchasing an additional 240 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in shares of Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after purchasing an additional 115 shares during the last quarter. Quarry LP bought a new stake in Datadog in the third quarter worth $33,000. Finally, American National Bank & Trust acquired a new position in Datadog during the third quarter worth $39,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. DA Davidson lifted their price objective on shares of Datadog from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Stifel Nicolaus boosted their price target on shares of Datadog from $141.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Scotiabank reduced their price target on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a research note on Friday, November 8th. Rosenblatt Securities raised their price objective on shares of Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Monness Crespi & Hardt upgraded Datadog from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.04.

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.