Datadog, Inc. (NASDAQ:DDOG) Director Amit Agarwal Sells 25,000 Shares

Datadog, Inc. (NASDAQ:DDOG) Director Amit Agarwal sold 25,000 shares of Datadog stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $139.47, for a total value of $3,486,750.00. Following the sale, the director now directly owns 195,667 shares of the company’s stock, valued at approximately $27,289,676.49. This represents a 11.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Amit Agarwal also recently made the following trade(s):

• On Wednesday, January 8th, Amit Agarwal sold 25,000 shares of Datadog stock. The shares were sold at an average price of $141.12, for a total transaction 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 transaction of $3,699,750.00.
• On Friday, November 15th, Amit Agarwal sold 150,000 shares of Datadog stock. The shares were sold at an average price of $126.03, for a total transaction of $18,904,500.00.

Datadog Stock Performance

NASDAQ:DDOG opened at $140.99 on Friday. The stock’s fifty day moving average price is $147.06 and its two-hundred day moving average price is $128.82. The company has a market cap of $47.90 billion, a price-to-earnings ratio of 266.02, a P/E/G ratio of 16.28 and a beta of 1.14. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08.

Hedge Funds Weigh In On Datadog

Hedge funds have recently added to or reduced their stakes in the company. Jennison Associates LLC lifted its position in Datadog by 47.9% during the 4th quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock valued at $1,325,826,000 after purchasing an additional 3,005,300 shares during the period. Holocene Advisors LP increased its position in shares of Datadog by 205.2% during the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock worth $187,878,000 after acquiring an additional 1,097,815 shares in the last quarter. Champlain Investment Partners LLC acquired a new position in shares of Datadog during the third quarter worth about $52,561,000. Eagle Asset Management Inc. grew its stake in shares of Datadog by 72.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 914,776 shares of the company’s stock worth $113,844,000 after acquiring an additional 384,121 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Datadog by 51.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 608,252 shares of the company’s stock valued at $69,985,000 after buying an additional 206,696 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DDOG. TD Cowen reaffirmed a “buy” rating and issued a $165.00 price target on shares of Datadog in a research note on Tuesday, November 19th. Macquarie initiated coverage on Datadog in a report on Thursday, December 12th. They issued an “outperform” rating and a $200.00 target price for the company. BNP Paribas started coverage on shares of Datadog in a research report on Tuesday, October 8th. They issued an “outperform” rating and a $150.00 price objective on the stock. Wedbush upgraded Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Monness Crespi & Hardt raised Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.