Datadog, Inc. (NASDAQ:DDOG) Director Sells $1,177,948.62 in Stock

Datadog, Inc. (NASDAQ:DDOG) Director Amit Agarwal sold 10,167 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $115.86, for a total value of $1,177,948.62. Following the completion of the sale, the director now owns 82,324 shares of the company’s stock, valued at approximately $9,538,058.64. The trade was a 10.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, March 5th, Amit Agarwal sold 25,000 shares of Datadog stock. The shares were sold at an average price of $114.21, for a total value of $2,855,250.00.
• On Wednesday, January 22nd, Amit Agarwal sold 25,000 shares of Datadog stock. The shares were sold at an average price of $139.47, for a total value of $3,486,750.00.
• 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 shares were sold at an average price of $147.99, for a total value of $3,699,750.00.

Datadog Trading Down 1.6 %

Shares of NASDAQ DDOG opened at $109.63 on Friday. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $170.08. The stock has a 50 day moving average of $135.05 and a two-hundred day moving average of $131.66. The stock has a market cap of $37.58 billion, a P/E ratio of 214.96, a P/E/G ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. As a group, research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DDOG. True Wealth Design LLC increased its holdings in shares of Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after purchasing an additional 240 shares during the period. Retirement Wealth Solutions LLC acquired a new position in Datadog during the fourth quarter worth $30,000. Avior Wealth Management LLC grew its holdings in Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after acquiring an additional 81 shares during the period. Putney Financial Group LLC acquired a new position in Datadog during the fourth quarter worth $32,000. Finally, Meeder Asset Management Inc. grew its holdings in Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after acquiring an additional 115 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

DDOG has been the subject of a number of research analyst reports. Loop Capital raised their target price on Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $143.00 price target on shares of Datadog in a research report on Thursday, January 16th. Rosenblatt Securities increased their price target on Datadog from $148.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Guggenheim reaffirmed a “neutral” rating on shares of Datadog in a research report on Wednesday, January 22nd. Finally, Robert W. Baird increased their price target on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Datadog currently has an average rating of “Moderate Buy” and a consensus target price of $158.70.

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.