Insider Selling: Datadog, Inc. (NASDAQ:DDOG) Director Sells 25,000 Shares of Stock

Datadog, Inc. (NASDAQ:DDOGGet Free Report) Director Amit Agarwal sold 25,000 shares of Datadog stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $139.47, for a total value of $3,486,750.00. Following the sale, the director now directly owns 195,667 shares in the company, valued at $27,289,676.49. The trade was a 11.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

  • On Wednesday, January 8th, Amit Agarwal sold 25,000 shares of Datadog stock. The shares were sold at an average price of $141.12, for a total value of $3,528,000.00.
  • On Thursday, December 26th, Amit Agarwal sold 25,000 shares of Datadog stock. The shares were sold at an average price of $147.99, for a total transaction of $3,699,750.00.
  • On Friday, November 15th, Amit Agarwal sold 150,000 shares of Datadog stock. The stock was sold at an average price of $126.03, for a total transaction of $18,904,500.00.

Datadog Price Performance

Shares of Datadog stock opened at $140.99 on Friday. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08. The company has a market capitalization of $47.90 billion, a P/E ratio of 266.02, a price-to-earnings-growth ratio of 16.28 and a beta of 1.14. The business has a 50-day moving average of $147.36 and a two-hundred day moving average of $128.88.

Institutional Trading of Datadog

Hedge funds have recently bought and sold shares of the stock. Retirement Wealth Solutions LLC bought a new stake in shares of Datadog during the fourth quarter worth $30,000. Avior Wealth Management LLC raised its stake in shares of Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after purchasing an additional 81 shares during the period. True Wealth Design LLC lifted its holdings in shares of Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after purchasing an additional 240 shares in the last quarter. Meeder Asset Management Inc. boosted its position 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 buying an additional 115 shares during the period. Finally, Quarry LP bought a new position in shares of Datadog during the third quarter worth about $33,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DDOG has been the subject of several recent analyst reports. Scotiabank dropped their price objective on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a report on Friday, November 8th. UBS Group reaffirmed an “underperform” rating on shares of Datadog in a report on Friday, October 18th. Monness Crespi & Hardt raised Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Thursday, November 7th. Rosenblatt Securities raised 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. Finally, Macquarie began coverage on shares of Datadog in a research report on Thursday, December 12th. They set an “outperform” rating and a $200.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and an average price target of $158.45.

View Our Latest Analysis on DDOG

Datadog Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Datadog (NASDAQ:DDOG)

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