Amit Agarwal Sells 150,000 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) President Amit Agarwal sold 150,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $126.03, for a total transaction of $18,904,500.00. Following the completion of the transaction, the president now owns 214,275 shares in the company, valued at approximately $27,005,078.25. The trade was a 41.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Datadog Price Performance

Datadog stock opened at $135.45 on Thursday. The stock has a market cap of $46.02 billion, a P/E ratio of 255.57, a PEG ratio of 18.85 and a beta of 1.10. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $138.61. The firm’s 50 day moving average price is $122.62 and its 200-day moving average price is $119.61.

Analysts Set New Price Targets

DDOG has been the topic of a number of analyst reports. Monness Crespi & Hardt upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Thursday, November 7th. Citigroup upped their target price on shares of Datadog from $150.00 to $157.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Wedbush upgraded shares of Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Rosenblatt Securities upped their target price 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, BTIG Research upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $143.00 target price on the stock in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.96.

Institutional Investors Weigh In On Datadog

Institutional investors and hedge funds have recently modified their holdings of the stock. Baader Bank Aktiengesellschaft grew its holdings in shares of Datadog by 1.5% in the second quarter. Baader Bank Aktiengesellschaft now owns 5,077 shares of the company’s stock valued at $657,000 after purchasing an additional 77 shares in the last quarter. Pathstone Holdings LLC grew its holdings in shares of Datadog by 0.4% in the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock valued at $2,664,000 after purchasing an additional 91 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Datadog by 19.5% in the third quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock valued at $65,000 after purchasing an additional 92 shares in the last quarter. HB Wealth Management LLC boosted its stake in Datadog by 5.2% during the second quarter. HB Wealth Management LLC now owns 1,926 shares of the company’s stock worth $250,000 after buying an additional 95 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its stake in Datadog by 1.2% during the first quarter. Ameritas Investment Partners Inc. now owns 8,867 shares of the company’s stock worth $1,096,000 after buying an additional 103 shares during the period. Institutional investors own 78.29% of the company’s stock.

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.