Insider Selling: Datadog, Inc. (NASDAQ:DDOG) Director Sells 25,000 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) Director Amit Agarwal sold 25,000 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $139.47, for a total transaction of $3,486,750.00. Following the completion of the sale, the director now owns 195,667 shares in the company, valued at $27,289,676.49. The trade was a 11.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, January 8th, Amit Agarwal sold 25,000 shares of Datadog stock. The stock was sold at an average price of $141.12, for a total value of $3,528,000.00.
• On Thursday, December 26th, Amit Agarwal sold 25,000 shares of Datadog stock. The shares were sold at an average price of $147.99, for a total value 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

Datadog stock traded up $0.79 during trading hours on Friday, reaching $140.99. 2,812,845 shares of the stock were exchanged, compared to its average volume of 3,394,718. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08. The stock has a market cap of $47.90 billion, a P/E ratio of 266.02, a P/E/G ratio of 16.28 and a beta of 1.14. The firm's 50 day moving average is $147.06 and its 200 day moving average is $128.82.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Western Pacific Wealth Management LP purchased a new position in Datadog in the fourth quarter worth $77,000. U.S. Capital Wealth Advisors LLC raised its position in Datadog by 1.1% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 12,782 shares of the company's stock worth $1,826,000 after acquiring an additional 137 shares during the last quarter. Spire Wealth Management lifted its holdings in shares of Datadog by 21.4% in the fourth quarter. Spire Wealth Management now owns 453 shares of the company's stock valued at $65,000 after purchasing an additional 80 shares in the last quarter. SYM FINANCIAL Corp acquired a new stake in shares of Datadog in the fourth quarter valued at approximately $566,000. Finally, DAVENPORT & Co LLC increased its stake in shares of Datadog by 89.0% during the 4th quarter. DAVENPORT & Co LLC now owns 3,868 shares of the company's stock worth $553,000 after purchasing an additional 1,821 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on DDOG shares. UBS Group restated an "underperform" rating on shares of Datadog in a research report on Friday, October 18th. Rosenblatt Securities raised their target price on Datadog from $140.00 to $148.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Cantor Fitzgerald started coverage on Datadog in a report on Friday, January 17th. They set an "overweight" rating and a $180.00 target price for the company. Jefferies Financial Group boosted their price target on Datadog from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Finally, Mizuho raised their price objective on Datadog from $155.00 to $170.00 and gave the company an "outperform" rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.45.

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.

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