Datadog, Inc. (NASDAQ:DDOG) Director Sells $2,855,250.00 in 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 value of $2,855,250.00. Following the sale, the director now owns 82,324 shares of the company’s stock, valued at approximately $9,402,224.04. The trade was 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 stock was sold at an average price of $115.86, for a total value 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 stock was 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 Trading Down 0.3 %

DDOG stock opened at $115.09 on Thursday. The business’s 50-day moving average price is $136.50 and its two-hundred day moving average price is $131.85. The firm has a market cap of $39.45 billion, a PE ratio of 225.67, a P/E/G ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. On average, analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price objective on shares of Datadog in a research report on Tuesday. TD Cowen reissued a “buy” rating and issued a $165.00 target price on shares of Datadog in a report on Tuesday, November 19th. Barclays dropped their target price on Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a report on Friday, February 14th. JMP Securities reaffirmed a “market perform” rating on shares of Datadog in a report on Friday, February 14th. Finally, Robert W. Baird raised their price target on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

Institutional Trading of Datadog

Several hedge funds and other institutional investors have recently modified their holdings of the company. Siemens Fonds Invest GmbH raised its stake in shares of Datadog by 2.4% in the 4th quarter. Siemens Fonds Invest GmbH now owns 5,856 shares of the company’s stock valued at $844,000 after purchasing an additional 137 shares during the period. Total Wealth Planning & Management Inc. acquired a new stake in shares of Datadog in the 4th quarter valued at about $314,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Datadog in the 4th quarter valued at about $47,697,000. Azzad Asset Management Inc. ADV raised its stake in shares of Datadog by 8.5% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 20,761 shares of the company’s stock valued at $2,967,000 after purchasing an additional 1,622 shares during the period. Finally, Putney Financial Group LLC acquired a new stake in shares of Datadog in the fourth quarter valued at about $32,000. Institutional investors and hedge funds 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.