Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CFO David M. Obstler sold 10,000 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $108.37, for a total transaction of $1,083,700.00. Following the transaction, the chief financial officer now owns 260,617 shares of the company’s stock, valued at approximately $28,243,064.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Datadog Price Performance
DDOG stock opened at $109.54 on Friday. The stock has a market capitalization of $35.99 billion, a price-to-earnings ratio of -912.76, a PEG ratio of 35.32 and a beta of 1.02. The firm’s 50-day moving average price is $91.59 and its two-hundred day moving average price is $94.94. The company has a current ratio of 3.35, a quick ratio of 3.35 and a debt-to-equity ratio of 0.41. Datadog, Inc. has a 12-month low of $61.34 and a 12-month high of $118.02.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its stake in shares of Datadog by 25.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,718 shares of the company’s stock valued at $412,000 after buying an additional 558 shares during the period. MetLife Investment Management LLC bought a new position in Datadog in the 1st quarter worth $2,494,000. Yousif Capital Management LLC lifted its position in shares of Datadog by 9.3% in the 1st quarter. Yousif Capital Management LLC now owns 3,631 shares of the company’s stock worth $550,000 after purchasing an additional 310 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Datadog by 11.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 139,546 shares of the company’s stock valued at $21,137,000 after purchasing an additional 14,658 shares in the last quarter. Finally, Blair William & Co. IL raised its stake in Datadog by 20.0% in the first quarter. Blair William & Co. IL now owns 10,343 shares of the company’s stock worth $1,567,000 after buying an additional 1,725 shares in the last quarter. Hedge funds and other institutional investors own 68.30% of the company’s stock.
Analyst Upgrades and Downgrades
Datadog Company Profile
Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products include infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, network monitoring, incident management, observability pipelines, cloud cost management, universal service monitoring, cloud security management, application security management.
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