Datadog, Inc. (NASDAQ:DDOG) CRO Sells $572,940.00 in Stock

Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters sold 4,244 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $135.00, for a total transaction of $572,940.00. Following the completion of the sale, the executive now owns 179,367 shares of the company’s stock, valued at $24,214,545. This trade represents a 2.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Sean Michael Walters also recently made the following trade(s):

• On Tuesday, October 8th, Sean Michael Walters sold 2,322 shares of Datadog stock. The stock was sold at an average price of $125.00, for a total transaction of $290,250.00.

Datadog Stock Performance

NASDAQ DDOG opened at $154.83 on Monday. The firm has a 50 day simple moving average of $124.21 and a 200-day simple moving average of $120.05. Datadog, Inc. has a one year low of $98.80 and a one year high of $155.42. The firm has a market cap of $52.60 billion, a price-to-earnings ratio of 292.14, a PEG ratio of 18.83 and a beta of 1.10.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. TCW Group Inc. lifted its stake in Datadog by 0.6% in the third quarter. TCW Group Inc. now owns 224,144 shares of the company’s stock worth $25,790,000 after acquiring an additional 1,412 shares during the last quarter. Arete Wealth Advisors LLC purchased a new position in Datadog in the third quarter worth approximately $403,000. Teachers Retirement System of The State of Kentucky lifted its stake in Datadog by 2.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 83,230 shares of the company’s stock worth $9,577,000 after acquiring an additional 2,050 shares during the last quarter. Toronto Dominion Bank lifted its stake in Datadog by 48.3% in the third quarter. Toronto Dominion Bank now owns 43,740 shares of the company’s stock worth $5,033,000 after acquiring an additional 14,241 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in Datadog by 10.1% in the third quarter. Coldstream Capital Management Inc. now owns 4,024 shares of the company’s stock worth $467,000 after acquiring an additional 369 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DDOG shares. DA Davidson raised their price objective on shares of Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Monness Crespi & Hardt upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Thursday, November 7th. BMO Capital Markets raised their price objective on shares of Datadog from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Rosenblatt Securities raised their price objective on shares of Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Scotiabank cut their price objective on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $150.96.

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.