Datadog, Inc. (NASDAQ:DDOG – Get Free Report) Director Amit Agarwal sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $249.32, for a total value of $4,986,400.00. Following the completion of the sale, the director owned 1,640 shares in the company, valued at approximately $408,884.80. This represents a 92.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Amit Agarwal also recently made the following trade(s):
- On Thursday, August 6th, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $234.85, for a total transaction of $4,697,000.00.
- On Thursday, July 30th, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $266.82, for a total transaction of $5,336,400.00.
- On Thursday, July 23rd, Amit Agarwal sold 20,000 shares of Datadog stock. The shares were sold at an average price of $244.87, for a total transaction of $4,897,400.00.
- On Thursday, July 9th, Amit Agarwal sold 20,000 shares of Datadog stock. The shares were sold at an average price of $267.41, for a total transaction of $5,348,200.00.
- On Thursday, July 2nd, Amit Agarwal sold 20,000 shares of Datadog stock. The shares were sold at an average price of $261.22, for a total transaction of $5,224,400.00.
- On Thursday, June 25th, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $220.12, for a total transaction of $4,402,400.00.
- On Thursday, June 18th, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $220.92, for a total transaction of $4,418,400.00.
- On Friday, June 12th, Amit Agarwal sold 20,000 shares of Datadog stock. The shares were sold at an average price of $231.56, for a total transaction of $4,631,200.00.
Datadog Price Performance
NASDAQ:DDOG opened at $233.52 on Thursday. Datadog, Inc. has a one year low of $98.01 and a one year high of $292.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.20 and a current ratio of 3.20. The firm has a market cap of $83.85 billion, a price-to-earnings ratio of 476.58, a PEG ratio of 24.14 and a beta of 1.54. The firm’s fifty day moving average is $249.72 and its two-hundred day moving average is $184.87.
Analyst Ratings Changes
A number of research analysts have issued reports on the company. UBS Group decreased their price target on Datadog from $315.00 to $280.00 and set a “buy” rating for the company in a report on Friday, August 7th. Mizuho lifted their target price on shares of Datadog from $220.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. New Street Research set a $260.00 target price on shares of Datadog in a research note on Thursday, June 11th. Benchmark reiterated a “buy” rating on shares of Datadog in a research note on Tuesday, July 28th. Finally, Monness Crespi & Hardt increased their price target on shares of Datadog from $255.00 to $270.00 in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and an average price target of $276.32.
Read Our Latest Report on DDOG
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. JPL Wealth Management LLC purchased a new position in shares of Datadog during the 3rd quarter valued at approximately $27,000. NBC Securities Inc. increased its holdings in Datadog by 242.6% in the 4th quarter. NBC Securities Inc. now owns 233 shares of the company’s stock worth $32,000 after acquiring an additional 165 shares in the last quarter. Rothschild Investment LLC increased its holdings in Datadog by 52.5% in the 4th quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock worth $37,000 after acquiring an additional 94 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in Datadog by 341.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 318 shares of the company’s stock worth $38,000 after acquiring an additional 246 shares during the period. Finally, Morse Asset Management Inc acquired a new position in Datadog during the fourth quarter worth $44,000. 78.29% of the stock is owned by institutional investors and hedge funds.
Datadog Company Profile
Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.
The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.
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