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

Datadog, Inc. (NASDAQ:DDOG) President Amit Agarwal sold 25,000 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $147.99, for a total value of $3,699,750.00. Following the completion of the transaction, the president now directly owns 195,667 shares in the company, valued at $28,956,759.33. This trade represents a 11.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, November 15th, Amit Agarwal sold 150,000 shares of Datadog stock. The stock was sold at an average price of $126.03, for a total value of $18,904,500.00.

Datadog Price Performance

Shares of DDOG stock traded down $1.82 on Monday, hitting $144.17. 2,060,117 shares of the stock traded hands, compared to its average volume of 4,013,715. The company’s fifty day moving average is $141.32 and its 200 day moving average is $126.54. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08. The company has a market capitalization of $48.98 billion, a PE ratio of 272.02, a PEG ratio of 20.27 and a beta of 1.11.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. SouthState Corp bought a new stake in shares of Datadog in the 2nd quarter worth approximately $26,000. True Wealth Design LLC increased its position in Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after buying an additional 240 shares during the period. Meeder Asset Management Inc. lifted its stake in Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after buying an additional 115 shares during the last quarter. Quarry LP acquired a new position in shares of Datadog during the third quarter valued at $33,000. Finally, American National Bank & Trust bought a new position in shares of Datadog during the third quarter worth about $39,000. 78.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Sanford C. Bernstein decreased their target price on Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a report on Monday, October 21st. BMO Capital Markets boosted their price objective on shares of Datadog from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. TD Cowen reissued a “buy” rating and issued a $165.00 price objective on shares of Datadog in a research report on Tuesday, November 19th. Wedbush upgraded shares of Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Citigroup increased their price target on Datadog from $150.00 to $157.00 and gave the company a “buy” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Datadog has an average rating of “Moderate Buy” and an average price target of $157.04.

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.