Datadog, Inc. (NASDAQ:DDOG) Director Shardul Shah Sells 7,916 Shares

Datadog, Inc. (NASDAQ:DDOG) Director Shardul Shah sold 7,916 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $155.25, for a total transaction of $1,228,959.00. Following the completion of the sale, the director now directly owns 435,701 shares in the company, valued at approximately $67,642,580.25. The trade was a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, October 15th, Shardul Shah sold 7,916 shares of Datadog stock. The shares were sold at an average price of $126.67, for a total transaction of $1,002,719.72.
• On Friday, October 4th, Shardul Shah sold 15,832 shares of Datadog stock. The shares were sold at an average price of $120.02, for a total transaction of $1,900,156.64.

Datadog Stock Performance

Shares of NASDAQ:DDOG opened at $150.20 on Thursday. The stock has a 50-day simple moving average of $138.56 and a 200-day simple moving average of $124.68. The stock has a market capitalization of $51.03 billion, a P/E ratio of 283.40, a PEG ratio of 20.27 and a beta of 1.11. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Rosenblatt Securities upped their target price on Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a research note on Friday, November 8th. TD Cowen restated a “buy” rating and issued a $165.00 price objective on shares of Datadog in a research report on Tuesday, November 19th. Robert W. Baird lifted their price objective on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. DA Davidson boosted their target price 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. Finally, Truist Financial raised their price target on shares of Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $155.56.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DDOG. Blue Trust Inc. acquired a new position in shares of Datadog during the 2nd quarter valued at $37,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Datadog during the second quarter worth about $443,000. SeaCrest Wealth Management LLC boosted its position in shares of Datadog by 21.4% in the second quarter. SeaCrest Wealth Management LLC now owns 2,527 shares of the company’s stock worth $328,000 after buying an additional 446 shares during the period. Fifth Third Bancorp grew its stake in shares of Datadog by 11.4% in the second quarter. Fifth Third Bancorp now owns 2,110 shares of the company’s stock valued at $274,000 after buying an additional 216 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its stake in shares of Datadog by 1.5% in the second quarter. Atria Wealth Solutions Inc. now owns 12,049 shares of the company’s stock valued at $1,563,000 after buying an additional 179 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

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.