Datadog, Inc. (NASDAQ:DDOG) President Amit Agarwal Sells 25,000 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) President Amit Agarwal sold 25,000 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $147.99, for a total transaction of $3,699,750.00. Following the completion of the sale, the president now directly owns 195,667 shares of the company’s stock, valued at $28,956,759.33. The trade was a 11.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 Stock Down 1.2 %

Shares of NASDAQ DDOG opened at $144.17 on Tuesday. The firm’s 50-day moving average price is $141.32 and its two-hundred day moving average price is $126.54. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08. The stock has a market capitalization of $48.98 billion, a P/E ratio of 272.02, a P/E/G ratio of 20.27 and a beta of 1.11.

Institutional Trading of Datadog

Several hedge funds have recently made changes to their positions in DDOG. SouthState Corp acquired a new stake in Datadog in the second quarter worth $26,000. True Wealth Design LLC grew its position in shares of Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after acquiring an additional 240 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after acquiring an additional 115 shares during the period. Quarry LP bought a new stake in Datadog in the 3rd quarter valued at about $33,000. Finally, American National Bank & Trust acquired a new position in Datadog during the 3rd quarter valued at about $39,000. Institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

DDOG has been the topic of a number of recent research reports. UBS Group restated an “underperform” rating on shares of Datadog in a research note on Friday, October 18th. Robert W. Baird upped their price target on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. DA Davidson lifted their price objective 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. Rosenblatt Securities upped their target price on shares of Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, BMO Capital Markets lifted their price target on shares of Datadog from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $157.04.

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.