Insider Selling: Datadog, Inc. (NASDAQ:DDOG) Director Sells 25,000 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) Director Amit Agarwal sold 25,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $114.21, for a total transaction of $2,855,250.00. Following the transaction, the director now owns 82,324 shares in the company, valued at approximately $9,402,224.04. This trade represents a 23.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, March 3rd, Amit Agarwal sold 10,167 shares of Datadog stock. The shares were sold at an average price of $115.86, for a total transaction of $1,177,948.62.
• On Wednesday, January 22nd, Amit Agarwal sold 25,000 shares of Datadog stock. The stock was sold at an average price of $139.47, for a total value of $3,486,750.00.
• On Wednesday, January 8th, Amit Agarwal sold 25,000 shares of Datadog stock. The shares were sold at an average price of $141.12, for a total value of $3,528,000.00.
• On Thursday, December 26th, Amit Agarwal sold 25,000 shares of Datadog stock. The stock was sold at an average price of $147.99, for a total value of $3,699,750.00.

Datadog Stock Down 0.3 %

DDOG traded down $0.37 during trading on Wednesday, reaching $115.09. The company had a trading volume of 3,408,522 shares, compared to its average volume of 3,997,198. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08. The stock has a market cap of $39.45 billion, a P/E ratio of 225.67, a PEG ratio of 44.03 and a beta of 1.22. The business has a 50 day simple moving average of $137.17 and a 200-day simple moving average of $131.97.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. As a group, equities research analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

DDOG has been the topic of several recent research reports. Mizuho increased their price objective on shares of Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. TD Cowen reiterated a “buy” rating and issued a $165.00 price target on shares of Datadog in a research report on Tuesday, November 19th. BMO Capital Markets boosted their price objective on shares of Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Stifel Nicolaus cut Datadog from a “buy” rating to a “hold” rating and decreased their target price for the stock from $165.00 to $140.00 in a report on Wednesday, January 29th. Finally, Wolfe Research downgraded Datadog from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $158.70.

Institutional Investors Weigh In On Datadog

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Datadog by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 30,354,229 shares of the company’s stock valued at $4,337,316,000 after acquiring an additional 220,527 shares during the last quarter. Baillie Gifford & Co. increased its stake in Datadog by 15.8% in the 4th quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company’s stock worth $1,558,234,000 after buying an additional 1,484,562 shares during the period. Jennison Associates LLC increased its stake in Datadog by 47.9% in the 4th quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock worth $1,325,826,000 after buying an additional 3,005,300 shares during the period. Groupama Asset Managment lifted its holdings in Datadog by 407.6% during the 4th quarter. Groupama Asset Managment now owns 6,600,000 shares of the company’s stock valued at $943,074,000 after buying an additional 5,299,688 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Datadog by 9.6% in the 4th quarter. Geode Capital Management LLC now owns 5,684,612 shares of the company’s stock valued at $811,076,000 after buying an additional 499,055 shares during the period. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

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.