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 firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $155.25, for a total transaction of $1,228,959.00. Following the completion of the transaction, the director now directly owns 435,701 shares of the company’s stock, valued at approximately $67,642,580.25. This trade represents a 1.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 transaction 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 Stock Down 4.1 %

Shares of DDOG stock traded down $6.40 on Wednesday, reaching $150.51. The company had a trading volume of 3,372,506 shares, compared to its average volume of 4,028,867. The business’s 50-day moving average is $138.06 and its 200 day moving average is $124.50. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08. The stock has a market capitalization of $51.13 billion, a PE ratio of 283.99, a price-to-earnings-growth ratio of 20.27 and a beta of 1.11.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Stifel Nicolaus raised their price target on Datadog from $141.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday. Scotiabank decreased their target price on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a research note on Friday, November 8th. TD Cowen reaffirmed a “buy” rating and set a $165.00 price target on shares of Datadog in a research report on Tuesday, November 19th. Sanford C. Bernstein decreased their price objective on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Finally, Truist Financial raised their target price on shares of Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $155.56.

Hedge Funds Weigh In On Datadog

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. acquired a new position in shares of Datadog during the second quarter worth $37,000. Hennion & Walsh Asset Management Inc. bought a new position in Datadog in the second quarter valued at about $443,000. SeaCrest Wealth Management LLC boosted its stake in shares of Datadog by 21.4% during the second quarter. SeaCrest Wealth Management LLC now owns 2,527 shares of the company’s stock valued at $328,000 after purchasing an additional 446 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Datadog by 11.4% during the second quarter. Fifth Third Bancorp now owns 2,110 shares of the company’s stock worth $274,000 after purchasing an additional 216 shares during the last quarter. Finally, Atria Wealth Solutions Inc. increased its stake in shares of Datadog by 1.5% in the second quarter. Atria Wealth Solutions Inc. now owns 12,049 shares of the company’s stock valued at $1,563,000 after buying an additional 179 shares during the period. Institutional investors own 78.29% of the company’s stock.

About Datadog

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.