Datadog, Inc. (NASDAQ:DDOG – Get Free Report) Director Amit Agarwal sold 20,000 shares of Datadog stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $200.13, for a total value of $4,002,600.00. Following the transaction, the director owned 1,640 shares of the company’s stock, valued at $328,213.20. The trade was a 92.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Amit Agarwal also recently made the following trade(s):
- On Monday, April 27th, Amit Agarwal sold 20,000 shares of Datadog stock. The shares were sold at an average price of $131.47, for a total value of $2,629,400.00.
- On Wednesday, April 15th, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $120.00, for a total value of $2,400,000.00.
- On Monday, April 20th, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $125.98, for a total value of $2,519,600.00.
- On Wednesday, April 8th, Amit Agarwal sold 20,000 shares of Datadog stock. The shares were sold at an average price of $122.28, for a total value of $2,445,600.00.
- On Wednesday, April 1st, Amit Agarwal sold 20,000 shares of Datadog stock. The shares were sold at an average price of $120.53, for a total value of $2,410,600.00.
- On Monday, March 23rd, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $127.36, for a total value of $2,547,200.00.
- On Monday, March 16th, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $126.73, for a total value of $2,534,600.00.
- On Monday, March 9th, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $124.81, for a total transaction of $2,496,200.00.
Datadog Stock Performance
Shares of NASDAQ:DDOG traded up $5.37 during trading on Wednesday, hitting $205.31. 4,555,159 shares of the stock traded hands, compared to its average volume of 5,917,751. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average price of $129.68 and a two-hundred day moving average price of $137.93. Datadog, Inc. has a 52-week low of $98.01 and a 52-week high of $205.44. The company has a market cap of $72.39 billion, a price-to-earnings ratio of 540.30, a P/E/G ratio of 69.99 and a beta of 1.30.
Hedge Funds Weigh In On Datadog
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Datadog by 30.3% during the third quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock worth $5,966,877,000 after purchasing an additional 9,748,738 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Datadog by 7.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,423,814 shares of the company’s stock valued at $1,961,496,000 after purchasing an additional 956,993 shares during the last quarter. State Street Corp lifted its holdings in Datadog by 106.8% in the 3rd quarter. State Street Corp now owns 13,732,777 shares of the company’s stock valued at $1,955,547,000 after purchasing an additional 7,091,075 shares in the last quarter. Geode Capital Management LLC boosted its stake in Datadog by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 9,056,086 shares of the company’s stock worth $1,227,184,000 after purchasing an additional 197,816 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in Datadog by 43.7% during the 4th quarter. Jennison Associates LLC now owns 7,623,993 shares of the company’s stock worth $1,036,787,000 after purchasing an additional 2,316,994 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.
Wall Street Analysts Forecast Growth
DDOG has been the topic of a number of analyst reports. Capital One Financial dropped their target price on Datadog from $157.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Wolfe Research reduced their price target on Datadog from $185.00 to $160.00 and set an “outperform” rating for the company in a report on Tuesday, February 10th. Mizuho increased their price target on Datadog from $145.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $250.00 price objective on shares of Datadog in a report on Friday, May 8th. Finally, The Goldman Sachs Group boosted their price objective on Datadog from $121.00 to $139.00 and gave the company a “sell” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Datadog currently has a consensus rating of “Moderate Buy” and a consensus target price of $213.38.
Check Out Our Latest Stock Analysis on DDOG
Key Stories Impacting Datadog
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: Analysts turned more constructive on Datadog after its strong quarterly report. Daiwa Securities raised its price target to $240 from $190 and kept a buy rating, adding to the bullish tone around DDOG. MarketScreener
- Positive Sentiment: Investors remain focused on Datadog’s earnings beat and raised outlook: revenue rose 32.1% year over year to $1.01 billion, EPS beat expectations, and management’s guidance topped forecasts, supporting the view that AI and enterprise software demand are still strong. DDOG Q1 Deep Dive: AI Adoption and Product Expansion Drive Strong Growth
- Positive Sentiment: Coverage continues to frame Datadog as an AI beneficiary rather than a SaaS slowdown victim, which is helping sentiment and keeping momentum traders interested in the stock. Zacks
- Neutral Sentiment: Datadog also announced upcoming presentations at investor conferences, which should keep the company visible but does not materially change fundamentals on its own. Datadog to Present at Upcoming Investor Conference
- Negative Sentiment: Recent insider selling by Yanbing Li and other executives/directors may create some caution, even though some of the trades were reportedly made under pre-arranged 10b5-1 plans. Datadog (NASDAQ:DDOG) Insider Sells $3,914,239.90 in Stock
About Datadog
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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