Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total value of $17,948,497.05. Following the sale, the chief technology officer now owns 324,778 shares in the company, valued at $45,861,901.38. This trade represents a 28.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.
Datadog Price Performance
Shares of NASDAQ:DDOG traded down $2.42 on Monday, hitting $138.00. The company’s stock had a trading volume of 4,412,078 shares, compared to its average volume of 3,087,121. The company has a market capitalization of $46.88 billion, a PE ratio of 260.38, a PEG ratio of 19.82 and a beta of 1.14. The company has a 50-day simple moving average of $144.83 and a 200 day simple moving average of $128.29. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08.
Wall Street Analyst Weigh In
A number of research firms have recently commented on DDOG. TD Cowen reiterated a “buy” rating and set a $165.00 target price on shares of Datadog in a research note on Tuesday, November 19th. Scotiabank dropped their target price on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th. UBS Group restated an “underperform” rating on shares of Datadog in a research note on Friday, October 18th. Robert W. Baird upped their price objective on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Macquarie assumed coverage on Datadog in a research report on Thursday, December 12th. They issued an “outperform” rating and a $200.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $157.46.
Institutional Investors Weigh In On Datadog
Institutional investors and hedge funds have recently bought and sold shares of the stock. True Wealth Design LLC lifted its position in Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after buying an additional 240 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of 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 in the last quarter. Quarry LP bought a new stake in shares of Datadog in the 3rd quarter worth approximately $33,000. Kieckhefer Group LLC purchased a new stake in shares of Datadog in the 4th quarter valued at $43,000. Finally, American National Bank & Trust bought a new position in shares of Datadog during the 3rd quarter valued at $39,000. 78.29% of the stock is owned by hedge funds and other institutional investors.
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.
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