Shardul Shah Sells 7,916 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $142.12, for a total transaction of $1,125,021.92. Following the sale, the director now owns 427,785 shares in the company, valued at approximately $60,796,804.20. This trade represents a 1.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, December 16th, Shardul Shah sold 7,916 shares of Datadog stock. The stock was sold at an average price of $155.25, for a total value of $1,228,959.00.

Datadog Price Performance

NASDAQ DDOG opened at $138.40 on Friday. The company’s fifty day moving average price is $146.03 and its two-hundred day moving average price is $128.62. The company has a market capitalization of $47.02 billion, a price-to-earnings ratio of 261.14, a price-to-earnings-growth ratio of 16.31 and a beta of 1.14. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08.

Hedge Funds Weigh In On Datadog

Hedge funds have recently bought and sold shares of the company. Holocene Advisors LP raised its stake in Datadog by 205.2% during the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock valued at $187,878,000 after buying an additional 1,097,815 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Datadog by 1,597.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 785,261 shares of the company’s stock valued at $101,841,000 after acquiring an additional 739,011 shares during the last quarter. Champlain Investment Partners LLC acquired a new stake in shares of Datadog during the 3rd quarter valued at approximately $52,561,000. Eagle Asset Management Inc. lifted its stake in Datadog by 72.4% during the third quarter. Eagle Asset Management Inc. now owns 914,776 shares of the company’s stock worth $113,844,000 after purchasing an additional 384,121 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in Datadog by 129.2% in the second quarter. Bank of Montreal Can now owns 610,977 shares of the company’s stock worth $79,384,000 after purchasing an additional 344,431 shares during the period. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DDOG. Mizuho upped their target price on Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Citigroup upped their price objective on shares of Datadog from $157.00 to $170.00 and gave the company a “buy” rating in a research note on Friday. Rosenblatt Securities boosted 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. DA Davidson increased their price target on shares of Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Truist Financial cut shares of Datadog from a “buy” rating to a “hold” rating and lowered their price objective for the company from $170.00 to $150.00 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $158.45.

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.