Datadog (NASDAQ:DDOG) Director Sells $4,418,400.00 in Stock

Datadog, Inc. (NASDAQ:DDOG) Director Amit Agarwal sold 20,000 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $220.92, for a total transaction of $4,418,400.00. Following the completion of the sale, the director directly owned 1,640 shares in the company, valued at approximately $362,308.80. The trade was a 92.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, June 12th, Amit Agarwal sold 20,000 shares of Datadog stock. The shares were sold at an average price of $231.56, for a total value of $4,631,200.00.
• On Monday, May 11th, Amit Agarwal sold 20,000 shares of Datadog stock. The shares were sold at an average price of $200.13, for a total value of $4,002,600.00.
• On Monday, April 27th, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $131.47, for a total value of $2,629,400.00.
• On Wednesday, April 15th, Amit Agarwal sold 20,000 shares of Datadog stock. The shares were sold at an average price of $120.00, for a total value of $2,400,000.00.
• On Monday, April 20th, Amit Agarwal sold 20,000 shares of Datadog stock. The shares were sold at an average price of $125.98, for a total value of $2,519,600.00.
• On Wednesday, April 8th, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $122.28, for a total value of $2,445,600.00.
• On Wednesday, April 1st, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $120.53, for a total transaction of $2,410,600.00.

Datadog Price Performance

NASDAQ:DDOG opened at $220.94 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.40 and a quick ratio of 3.40. The firm has a market cap of $78.65 billion, a price-to-earnings ratio of 581.44, a price-to-earnings-growth ratio of 23.40 and a beta of 1.56. The company has a 50 day moving average price of $198.23 and a 200-day moving average price of $151.61. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $278.70.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $960.12 million. During the same period in the prior year, the firm posted $0.46 earnings per share. The firm’s quarterly revenue was up 32.1% compared to the same quarter last year. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. Equities research analysts forecast that Datadog, Inc. will post 0.62 EPS for the current year.

Hedge Funds Weigh In On Datadog

A number of hedge funds have recently made changes to their positions in DDOG. Nomura Asset Management Co. Ltd. increased its position in shares of Datadog by 8.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 152,674 shares of the company’s stock worth $20,762,000 after purchasing an additional 11,348 shares in the last quarter. MUFG Securities EMEA plc raised its stake in Datadog by 115.6% in the 4th quarter. MUFG Securities EMEA plc now owns 13,342 shares of the company’s stock valued at $1,814,000 after purchasing an additional 7,154 shares during the last quarter. Norges Bank purchased a new position in Datadog in the 4th quarter valued at $469,461,000. BNP Paribas lifted its holdings in Datadog by 18.4% in the 4th quarter. BNP Paribas now owns 41,280 shares of the company’s stock valued at $5,614,000 after purchasing an additional 6,403 shares in the last quarter. Finally, Patton Fund Management Inc. boosted its stake in Datadog by 1,964.8% during the 4th quarter. Patton Fund Management Inc. now owns 38,550 shares of the company’s stock worth $5,242,000 after purchasing an additional 36,683 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Key Stories Impacting Datadog

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: Needham & Company raised its price target on Datadog from $225 to $260 and reiterated a Buy rating, signaling confidence in additional upside for the cloud software company. Needham Raises Datadog Price Target to $260
• Positive Sentiment: Datadog continues to benefit from broadly favorable Wall Street sentiment, with multiple firms maintaining Buy/Outperform ratings and consensus targets above the current trading range, reinforcing the bullish view on earnings and revenue growth.
• Neutral Sentiment: Datadog reported strong recent quarterly results, including EPS and revenue above estimates, plus 32.1% year-over-year revenue growth, which remains a key long-term support for the stock.
• Neutral Sentiment: Short-interest data showed no meaningful short position, so there is no evidence of significant bearish positioning in the stock at this time.
• Negative Sentiment: Insider selling may be weighing a bit on sentiment: CTO Alexis Le-Quoc sold 43,224 shares, and Director Amit Agarwal sold 20,000 shares, both under pre-arranged 10b5-1 trading plans. Those sales are notable, but the planned nature of the transactions makes them less alarming than discretionary selling.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Truist Financial upgraded Datadog from a “hold” rating to a “buy” rating and raised their target price for the company from $190.00 to $300.00 in a research report on Monday, June 15th. Cantor Fitzgerald reissued an “overweight” rating and issued a $226.00 price objective on shares of Datadog in a report on Thursday, June 11th. CICC Research boosted their price objective on Datadog from $150.00 to $204.00 in a research report on Monday, May 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $250.00 target price on shares of Datadog in a research note on Wednesday, June 10th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Datadog in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $242.09.

About Datadog

Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.