Datadog, Inc. (NASDAQ:DDOG) Director Sells $1,228,959.00 in Stock

Datadog, Inc. (NASDAQ:DDOG) Director Shardul Shah sold 7,916 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $155.25, for a total value of $1,228,959.00. Following the completion of the sale, the director now directly owns 435,701 shares in the company, valued at approximately $67,642,580.25. The trade was a 1.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shardul Shah also recently made the following trade(s):

• On Tuesday, October 15th, Shardul Shah sold 7,916 shares of Datadog stock. The stock was sold at an average price of $126.67, for a total value of $1,002,719.72.
• On Friday, October 4th, Shardul Shah sold 15,832 shares of Datadog stock. The shares were sold at an average price of $120.02, for a total value of $1,900,156.64.

Datadog Trading Up 1.7 %

NASDAQ DDOG opened at $149.46 on Friday. The stock has a market cap of $50.77 billion, a P/E ratio of 282.01, a PEG ratio of 20.27 and a beta of 1.11. The company’s fifty day simple moving average is $139.29 and its 200-day simple moving average is $125.12. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08.

Hedge Funds Weigh In On Datadog

A number of institutional investors have recently added to or reduced their stakes in DDOG. SouthState Corp acquired a new stake in shares of Datadog during the second quarter valued at about $26,000. True Wealth Design LLC boosted its holdings in Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after purchasing an additional 240 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after acquiring an additional 115 shares in the last quarter. Quarry LP bought a new stake in shares of Datadog in the 3rd quarter valued at approximately $33,000. Finally, Blue Trust Inc. acquired a new stake in shares of Datadog during the 2nd quarter valued at approximately $37,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on DDOG. Rosenblatt Securities upped their target price on shares of Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a report on Friday, November 8th. BMO Capital Markets upped their price objective on shares of Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Mizuho lifted their target price 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. UBS Group reissued an “underperform” rating on shares of Datadog in a research note on Friday, October 18th. Finally, DA Davidson raised their price objective on Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $155.56.

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.