Insider Selling: Datadog, Inc. (NASDAQ:DDOG) CFO Sells 33,334 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) CFO David M. Obstler sold 33,334 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $135.95, for a total value of $4,531,757.30. Following the transaction, the chief financial officer now directly owns 314,158 shares of the company’s stock, valued at approximately $42,709,780.10. The trade was a 9.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Datadog Stock Performance

DDOG traded up $10.97 during mid-day trading on Friday, reaching $154.83. 13,849,056 shares of the stock were exchanged, compared to its average volume of 3,936,316. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $155.42. The stock has a market capitalization of $52.60 billion, a PE ratio of 292.59, a price-to-earnings-growth ratio of 17.46 and a beta of 1.10. The company has a 50 day moving average price of $123.30 and a two-hundred day moving average price of $119.78.

Wall Street Analysts Forecast Growth

DDOG has been the topic of several recent research reports. DA Davidson lifted their target price 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $151.00 target price on shares of Datadog in a research report on Friday, August 9th. BNP Paribas started coverage on Datadog in a research report on Tuesday, October 8th. They set an “outperform” rating and a $150.00 price objective for the company. Citigroup upped their target price on Datadog from $150.00 to $157.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Rosenblatt Securities upped their price objective on shares of Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One investment 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.96.

Hedge Funds Weigh In On Datadog

Hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC increased its stake in shares of Datadog by 13.5% during the 1st quarter. Acadian Asset Management LLC now owns 14,180 shares of the company’s stock worth $1,749,000 after purchasing an additional 1,684 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Datadog by 17.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 9,396 shares of the company’s stock worth $1,161,000 after acquiring an additional 1,382 shares in the last quarter. UniSuper Management Pty Ltd boosted its holdings in shares of Datadog by 116.7% in the first quarter. UniSuper Management Pty Ltd now owns 3,900 shares of the company’s stock worth $482,000 after acquiring an additional 2,100 shares during the period. EntryPoint Capital LLC purchased a new position in shares of Datadog in the first quarter valued at $43,000. Finally, JT Stratford LLC bought a new stake in shares of Datadog during the 1st quarter valued at $205,000. Institutional investors own 78.29% of the company’s stock.

Datadog Company Profile

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.