Datadog, Inc. (NASDAQ:DDOG) Director Sells $1,125,021.92 in Stock

Datadog, Inc. (NASDAQ:DDOG) Director Shardul Shah sold 7,916 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $142.12, for a total transaction of $1,125,021.92. Following the completion of the transaction, the director now owns 427,785 shares in the company, valued at approximately $60,796,804.20. The trade was a 1.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shardul Shah also recently made the following trade(s):

• On Monday, December 16th, Shardul Shah sold 7,916 shares of Datadog stock. The stock was sold at an average price of $155.25, for a total transaction of $1,228,959.00.

Datadog Trading Up 1.2 %

Datadog stock traded up $1.61 during mid-day trading on Friday, hitting $138.40. The company had a trading volume of 3,442,549 shares, compared to its average volume of 3,435,019. The company has a market capitalization of $47.02 billion, a price-to-earnings ratio of 261.14, a P/E/G ratio of 16.31 and a beta of 1.14. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $170.08. The company’s fifty day moving average is $145.75 and its 200-day moving average is $128.57.

Analysts Set New Price Targets

Several research firms have commented on DDOG. Morgan Stanley restated an “equal weight” rating and set a $143.00 price objective on shares of Datadog in a report on Thursday. Royal Bank of Canada raised their price target on Datadog from $151.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Citigroup upped their price objective on shares of Datadog from $157.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday. Rosenblatt Securities raised their target price on shares of Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Barclays increased their target price on Datadog from $155.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $158.45.

Institutional Trading of Datadog

Hedge funds have recently added to or reduced their stakes in the company. Jennison Associates LLC grew its holdings in Datadog by 2.1% in the third quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock valued at $721,811,000 after purchasing an additional 126,613 shares during the period. Geode Capital Management LLC lifted its position in shares of Datadog by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company’s stock valued at $595,438,000 after buying an additional 125,457 shares in the last quarter. 1832 Asset Management L.P. grew its stake in Datadog by 5.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,486,600 shares of the company’s stock valued at $322,487,000 after acquiring an additional 138,700 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Datadog by 2.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company’s stock worth $232,988,000 after acquiring an additional 46,746 shares in the last quarter. Finally, Holocene Advisors LP raised its position in Datadog by 205.2% during the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock worth $187,878,000 after acquiring an additional 1,097,815 shares during the period. 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.