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 Friday, June 12th. The stock was sold at an average price of $231.56, for a total transaction of $4,631,200.00. Following the completion of the transaction, the director owned 1,640 shares of the company’s stock, valued at approximately $379,758.40. The trade was a 92.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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, May 11th, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $200.13, for a total transaction of $4,002,600.00.
- On Monday, April 27th, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $131.47, for a total transaction 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 transaction 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 transaction of $2,519,600.00.
- On Wednesday, April 8th, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $122.28, for a total transaction of $2,445,600.00.
- On Wednesday, April 1st, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $120.53, for a total transaction 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 transaction of $2,547,200.00.
Datadog Stock Performance
DDOG opened at $231.11 on Wednesday. The firm has a market cap of $82.27 billion, a P/E ratio of 608.20, a PEG ratio of 24.96 and a beta of 1.56. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $278.70. The company has a 50 day simple moving average of $182.76 and a two-hundred day simple moving average of $148.33. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.40 and a quick ratio of 3.40.
Institutional Investors Weigh In On Datadog
Hedge funds have recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. raised its stake in Datadog by 8.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 152,674 shares of the company’s stock valued at $20,762,000 after purchasing an additional 11,348 shares in the last quarter. MUFG Securities EMEA plc raised its stake in shares of Datadog by 115.6% in the fourth quarter. MUFG Securities EMEA plc now owns 13,342 shares of the company’s stock valued at $1,814,000 after acquiring an additional 7,154 shares during the period. Norges Bank purchased a new stake in shares of Datadog in the fourth quarter valued at $469,461,000. Vanguard Group Inc. raised its stake in shares of Datadog by 30.3% in the third quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock valued at $5,966,877,000 after acquiring an additional 9,748,738 shares during the period. Finally, BNP Paribas raised its stake in shares of Datadog by 18.4% in the fourth quarter. BNP Paribas now owns 41,280 shares of the company’s stock valued at $5,614,000 after acquiring an additional 6,403 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.
Wall Street Analyst Weigh In
DDOG has been the subject of a number of research reports. Oppenheimer upped their target price on shares of Datadog from $200.00 to $220.00 in a research report on Thursday, May 7th. Guggenheim upped their target price on shares of Datadog from $175.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Cantor Fitzgerald restated an “overweight” rating and set a $226.00 target price on shares of Datadog in a research report on Thursday, June 11th. Capital One Financial dropped their target price on shares of Datadog from $157.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Finally, Jefferies Financial Group upgraded shares of Datadog from a “buy” rating to a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.14.
View Our Latest Stock Analysis on Datadog
Trending Headlines about Datadog
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: Truist upgraded Datadog to buy and lifted its price target to $300, signaling confidence in the company’s growth outlook and more upside ahead. Truist Just Upgraded Datadog Stock. Here’s Why.
- Positive Sentiment: Recent coverage highlighted Datadog’s expanding AI observability, cloud monitoring, and security offerings, suggesting broadening customer demand is still supporting revenue growth and cash generation. Datadog (DDOG): AI Observability Push Shows Why Cloud Monitoring Demand Is Broadening
- Positive Sentiment: Datadog’s Dash conference news was viewed as constructive after it unveiled 100+ new AI and security features, reinforcing its platform strategy and supporting recent guidance optimism. How Datadog’s Dash AI and Security Expansion Will Impact Datadog (DDOG) Investors
- Neutral Sentiment: Datadog has also attracted attention from valuation-focused commentary saying the shares look somewhat rich after a strong run, which could limit near-term enthusiasm. Datadog (DDOG) Stock Valuation Looks Slightly Rich After Strong Momentum
- Negative Sentiment: Several Datadog insiders sold shares under pre-arranged Rule 10b5-1 plans, including Director Michael James Callahan and CRO Sean Michael Walters, which may be viewed as a mild caution signal by some investors. Insider trade details
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.
Featured Stories
- Five stocks we like better than Datadog
- Gravity Check: Houston, SpaceX Has a Valuation Problem
- Strategy’s Bitcoin Rally Has a Hidden Engine
- Okta’s AI Moment May Be Bigger Than Investors Realize
- 3 Rate-Ready Stocks for the New Fed Chair’s First Big Test
Receive News & Ratings for Datadog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Datadog and related companies with MarketBeat.com's FREE daily email newsletter.
