Datadog, Inc. (NASDAQ:DDOG) Director Sells $424,226.79 in Stock

Datadog, Inc. (NASDAQ:DDOG) Director Matthew Jacobson sold 3,393 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $125.03, for a total value of $424,226.79. Following the completion of the sale, the director now directly owns 695,086 shares in the company, valued at $86,906,602.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Matthew Jacobson also recently made the following trade(s):

• On Wednesday, September 11th, Matthew Jacobson sold 9,256 shares of Datadog stock. The shares were sold at an average price of $108.05, for a total value of $1,000,110.80.

Datadog Price Performance

Shares of DDOG stock traded up $5.04 on Wednesday, hitting $128.45. 7,681,037 shares of the stock traded hands, compared to its average volume of 3,837,486. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $138.61. The company’s fifty day moving average is $120.03 and its 200 day moving average is $119.40. The company has a market capitalization of $43.31 billion, a PE ratio of 245.36, a PEG ratio of 18.45 and a beta of 1.10.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group reaffirmed an “underperform” rating on shares of Datadog in a research report on Friday, October 18th. BMO Capital Markets increased their price target on Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Rosenblatt Securities increased their target price on Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Mizuho upgraded Datadog from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $135.00 to $155.00 in a report on Tuesday, July 16th. Finally, Barclays lifted their price target on shares of Datadog from $140.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $150.96.

Institutional Investors Weigh In On Datadog

Hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management LLC lifted its position in shares of Datadog by 172.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company’s stock worth $4,469,000 after buying an additional 24,574 shares during the period. Heritage Investors Management Corp acquired a new stake in shares of Datadog during the third quarter worth $1,157,000. Vanguard Group Inc. grew its stake in Datadog by 0.6% in the first quarter. Vanguard Group Inc. now owns 27,431,107 shares of the company’s stock valued at $3,390,485,000 after acquiring an additional 171,693 shares during the period. Bank of Montreal Can grew its stake in Datadog by 129.2% in the second quarter. Bank of Montreal Can now owns 610,977 shares of the company’s stock valued at $79,384,000 after acquiring an additional 344,431 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Datadog by 23.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,933 shares of the company’s stock worth $19,635,000 after buying an additional 32,217 shares during the period. 78.29% of the stock is 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.