Datadog, Inc. (NASDAQ:DDOG – Get Free Report) General Counsel Kerry Acocella sold 5,371 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $233.91, for a total transaction of $1,256,330.61. Following the sale, the general counsel directly owned 127,866 shares in the company, valued at approximately $29,909,136.06. The trade was a 4.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kerry Acocella also recently made the following trade(s):
- On Tuesday, June 2nd, Kerry Acocella sold 7,252 shares of Datadog stock. The shares were sold at an average price of $267.15, for a total transaction of $1,937,371.80.
- On Tuesday, May 5th, Kerry Acocella sold 13,857 shares of Datadog stock. The shares were sold at an average price of $150.00, for a total transaction of $2,078,550.00.
Datadog Stock Performance
DDOG stock traded down $4.48 on Wednesday, hitting $226.63. The company had a trading volume of 3,521,745 shares, compared to its average volume of 5,918,853. Datadog, Inc. has a 12-month low of $98.01 and a 12-month high of $278.70. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.25. The stock’s 50-day simple moving average is $182.76 and its 200 day simple moving average is $148.33. The stock has a market cap of $80.67 billion, a price-to-earnings ratio of 596.41, a P/E/G ratio of 24.96 and a beta of 1.56.
Trending Headlines about Datadog
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: Citi raised Datadog’s target to $270 and said AI-related demand remains durable, reinforcing the bullish thesis around the company’s platform growth. Citi raises Datadog target to $270, citing durable AI-driven demand
- Positive Sentiment: Capital One boosted its target to $268 and kept an overweight rating, signaling confidence that Datadog can keep outperforming as demand for its monitoring and AI products expands. Capital One adjusts price target on Datadog
- Positive Sentiment: Recent coverage of Datadog’s Dash conference highlighted more than 100 new AI and security features, supporting the view that the product pipeline remains a growth driver. Datadog Dash AI and Security Expansion
- Neutral Sentiment: Several insiders sold shares under pre-arranged 10b5-1 plans, including directors Amit Agarwal and Michael James Callahan and CRO Sean Michael Walters. The sales are routine, but they may slightly temper sentiment. Datadog insider trading alert
- Neutral Sentiment: Some commentary notes Datadog’s valuation looks rich after a strong run, which could limit near-term upside even as fundamentals improve. Datadog stock valuation commentary
Wall Street Analyst Weigh In
DDOG has been the topic of several research reports. Weiss Ratings raised Datadog from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Citigroup increased their price objective on shares of Datadog from $218.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday. Capital One Financial raised their price objective on shares of Datadog from $217.00 to $268.00 and gave the stock an “overweight” rating in a report on Wednesday. Royal Bank Of Canada restated an “outperform” rating and set a $250.00 target price on shares of Datadog in a research report on Wednesday, June 10th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Datadog in a report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $238.34.
Get Our Latest Analysis on DDOG
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC increased its holdings in Datadog by 12.5% in the 1st quarter. Parallel Advisors LLC now owns 9,730 shares of the company’s stock worth $1,149,000 after acquiring an additional 1,082 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in Datadog by 15.6% during the first quarter. Glenmede Trust Co. NA now owns 8,346 shares of the company’s stock valued at $985,000 after purchasing an additional 1,126 shares in the last quarter. Groupe la Francaise boosted its position in shares of Datadog by 20.4% in the first quarter. Groupe la Francaise now owns 93,982 shares of the company’s stock worth $11,063,000 after purchasing an additional 15,907 shares during the period. Western Wealth Management LLC bought a new position in shares of Datadog in the first quarter worth approximately $65,000. Finally, Janus Henderson Group PLC increased its stake in shares of Datadog by 22.8% in the first quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock worth $905,570,000 after purchasing an additional 1,439,082 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.
Datadog Company Profile
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.
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