Datadog, Inc. (NASDAQ:DDOG) CFO Sells $4,531,757.30 in Stock

Datadog, Inc. (NASDAQ:DDOG) CFO David M. Obstler sold 33,334 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $135.95, for a total transaction of $4,531,757.30. Following the completion of the transaction, the chief financial officer now directly owns 314,158 shares in the company, valued at $42,709,780.10. This trade represents a 9.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $154.83 on Friday. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $155.42. The firm has a market capitalization of $52.60 billion, a price-to-earnings ratio of 292.14, a price-to-earnings-growth ratio of 18.83 and a beta of 1.10. The business’s 50 day simple moving average is $124.21 and its 200-day simple moving average is $120.03.

Institutional Trading of Datadog

A number of institutional investors have recently bought and sold shares of DDOG. Holocene Advisors LP raised its stake in shares of Datadog by 205.2% during the 3rd quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock worth $187,878,000 after buying an additional 1,097,815 shares during the last quarter. Kodai Capital Management LP acquired a new position in Datadog during the first quarter worth about $116,054,000. DNB Asset Management AS raised its position in Datadog by 1,974.5% during the second quarter. DNB Asset Management AS now owns 847,600 shares of the company’s stock worth $109,925,000 after acquiring an additional 806,741 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Datadog by 1,597.9% in the second quarter. Thrivent Financial for Lutherans now owns 785,261 shares of the company’s stock valued at $101,841,000 after purchasing an additional 739,011 shares during the last quarter. Finally, Champlain Investment Partners LLC purchased a new position in shares of Datadog during the 3rd quarter worth approximately $52,561,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DDOG has been the topic of a number of research analyst reports. DA Davidson lifted their target price on Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Scotiabank cut their price target on Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a research report on Friday, November 8th. Royal Bank of Canada restated an “outperform” rating and set a $151.00 target price on shares of Datadog in a research report on Friday, August 9th. Wedbush upgraded shares of Datadog from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Robert W. Baird raised their price objective on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Datadog currently has a consensus rating of “Moderate Buy” and an average target price of $150.96.

About Datadog

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.