Datadog, Inc. (NASDAQ:DDOG – Get Free Report) Director Amit Agarwal sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $267.41, for a total value of $5,348,200.00. Following the sale, the director owned 1,640 shares of the company’s stock, valued at approximately $438,552.40. The trade was a 92.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Amit Agarwal also recently made the following trade(s):
- On Thursday, July 2nd, Amit Agarwal sold 20,000 shares of Datadog stock. The shares were sold at an average price of $261.22, for a total transaction of $5,224,400.00.
- On Thursday, June 25th, Amit Agarwal sold 20,000 shares of Datadog stock. The shares were sold at an average price of $220.12, for a total transaction of $4,402,400.00.
- On Thursday, June 18th, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $220.92, for a total transaction of $4,418,400.00.
- On Friday, June 12th, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $231.56, for a total transaction of $4,631,200.00.
- On Monday, May 11th, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $200.13, for a total transaction of $4,002,600.00.
- On Monday, April 27th, Amit Agarwal sold 20,000 shares of Datadog stock. The shares were sold at an average price of $131.47, for a total transaction of $2,629,400.00.
- On Wednesday, April 15th, Amit Agarwal sold 20,000 shares of Datadog stock. The shares were sold at an average price of $120.00, for a total transaction of $2,400,000.00.
- On Monday, April 20th, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $125.98, for a total transaction of $2,519,600.00.
Datadog Stock Up 1.0%
NASDAQ:DDOG traded up $2.70 during midday trading on Monday, hitting $260.24. 3,994,657 shares of the company were exchanged, compared to its average volume of 5,784,873. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $278.70. The company has a market capitalization of $92.64 billion, a PE ratio of 684.86, a price-to-earnings-growth ratio of 26.19 and a beta of 1.54. 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 company has a fifty day simple moving average of $226.55 and a 200 day simple moving average of $160.34.
Institutional Investors Weigh In On Datadog
Several hedge funds have recently made changes to their positions in DDOG. Elevation Wealth Partners LLC grew its holdings in shares of Datadog by 2,700.0% during the second quarter. Elevation Wealth Partners LLC now owns 168 shares of the company’s stock worth $44,000 after buying an additional 162 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in Datadog during the 3rd quarter valued at approximately $27,000. CoreCap Advisors LLC lifted its position in Datadog by 1,461.5% during the 4th quarter. CoreCap Advisors LLC now owns 203 shares of the company’s stock worth $28,000 after acquiring an additional 190 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in Datadog during the 4th quarter worth approximately $31,000. Finally, NBC Securities Inc. increased its holdings in shares of Datadog by 242.6% in the fourth quarter. NBC Securities Inc. now owns 233 shares of the company’s stock valued at $32,000 after purchasing an additional 165 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on DDOG shares. Citizens Jmp raised Datadog from a “market perform” rating to an “outperform” rating and set a $225.00 target price for the company in a research report on Thursday, May 7th. CICC Research lifted their price target on Datadog from $150.00 to $204.00 in a research report on Monday, May 11th. Craig Hallum began coverage on Datadog in a research report on Monday, June 15th. They set a “buy” rating on the stock. Bank of America boosted their price objective on Datadog from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Finally, Citigroup increased their price objective on Datadog from $218.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $244.73.
View Our Latest Stock Analysis on DDOG
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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