Stock Traders Purchase High Volume of Datadog Call Options (NASDAQ:DDOG)

Datadog, Inc. (NASDAQ:DDOG) was the target of unusually large options trading on Monday. Stock investors purchased 36,984 call options on the company. This is an increase of 57% compared to the average daily volume of 23,521 call options.

Analysts Set New Price Targets

Several brokerages recently issued reports on DDOG. Mizuho lifted their price objective on Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Cantor Fitzgerald initiated coverage on Datadog in a research report on Friday, January 17th. They set an “overweight” rating and a $180.00 price objective for the company. Jefferies Financial Group upped their target price on shares of Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, January 6th. Rosenblatt Securities lifted their price target on shares of Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, BNP Paribas initiated coverage on Datadog in a research note on Tuesday, October 8th. They issued an “outperform” rating and a $150.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.45.

Insider Transactions at Datadog

In other news, Director Matthew Jacobson sold 3,393 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $125.03, for a total transaction of $424,226.79. Following the sale, the director now owns 695,086 shares of the company’s stock, valued at $86,906,602.58. The trade was a 0.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $155.25, for a total value of $1,228,959.00. Following the completion of the transaction, the director now directly owns 435,701 shares of the company’s stock, valued at $67,642,580.25. The trade was a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 642,679 shares of company stock valued at $92,155,421. Corporate insiders own 11.78% of the company’s stock.

Institutional Trading of Datadog

Hedge funds have recently made changes to their positions in the stock. True Wealth Design LLC boosted its stake in Datadog by 12,000.0% during the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after acquiring an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC bought a new position in shares of Datadog during the fourth quarter worth about $30,000. Avior Wealth Management LLC grew its stake in Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after purchasing an additional 81 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after buying an additional 115 shares during the last quarter. Finally, Quarry LP acquired a new stake in Datadog during the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Up 6.8 %

Shares of NASDAQ DDOG opened at $151.89 on Wednesday. Datadog has a fifty-two week low of $98.80 and a fifty-two week high of $170.08. The business has a 50 day moving average price of $147.68 and a two-hundred day moving average price of $129.02. The firm has a market cap of $51.60 billion, a PE ratio of 286.59, a price-to-earnings-growth ratio of 16.28 and a beta of 1.14.

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.