Datadog, Inc. (NASDAQ:DDOG – Get Free Report) Director Amit Agarwal sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $120.53, for a total value of $2,410,600.00. Following the sale, the director owned 1,640 shares of the company’s stock, valued at approximately $197,669.20. This represents a 92.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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, 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 shares were sold at an average price of $124.81, for a total value of $2,496,200.00.
Datadog Stock Performance
Shares of NASDAQ DDOG opened at $120.36 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.38 and a quick ratio of 3.38. The stock’s fifty day moving average price is $121.97 and its two-hundred day moving average price is $140.33. Datadog, Inc. has a one year low of $81.63 and a one year high of $201.69. The firm has a market cap of $42.44 billion, a price-to-earnings ratio of 388.26, a P/E/G ratio of 33.08 and a beta of 1.29.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Westside Investment Management Inc. grew its holdings in shares of Datadog by 74.3% during the 3rd quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Rothschild Investment LLC boosted its position in Datadog by 126.6% in the third quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock valued at $25,000 after buying an additional 100 shares in the last quarter. Tripletail Wealth Management LLC bought a new stake in shares of Datadog during the third quarter worth $28,000. Physician Wealth Advisors Inc. grew its stake in shares of Datadog by 315.2% during the third quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock worth $27,000 after buying an additional 145 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new position in shares of Datadog during the third quarter worth $27,000. Institutional investors and hedge funds own 78.29% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have commented on the company. Robert W. Baird set a $180.00 price objective on Datadog in a research note on Wednesday, February 11th. Citigroup reduced their target price on Datadog from $200.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Rosenblatt Securities restated a “buy” rating and issued a $185.00 price target on shares of Datadog in a research report on Wednesday, February 11th. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Datadog in a research note on Wednesday, February 11th. Finally, Raymond James Financial reduced their price objective on shares of Datadog from $205.00 to $170.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 10th. Thirty-seven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus price target of $179.62.
Get Our Latest Research Report on Datadog
More Datadog News
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: Benchmark Research initiated coverage with bullish views, which helped lift investor sentiment and was cited in market reports as a catalyst for buying interest. Datadog (NASDAQ:DDOG) Coverage Initiated at Benchmark
- Positive Sentiment: Datadog launched “Datadog Experiments,” embedding experimentation/A-B testing into its observability platform — a product expansion that could increase customer spend and stickiness if adopted. Datadog Experiments Launches to Help Teams Connect Every Product Change to Business Outcomes
- Neutral Sentiment: Media pieces reiterate buy-side analyst sentiment and discuss Wall Street recommendations (consensus leans Buy), which can sustain momentum but also reflect already-elevated expectations. Brokers Suggest Investing in Datadog (DDOG): Read This Before Placing a Bet
- Neutral Sentiment: Coverage pieces note renewed institutional interest and short-term price strength, signaling increased trading activity but not necessarily a fundamental shift. Datadog (NASDAQ:DDOG) Draws Institutional Interest In Nasdaq Composite
- Neutral Sentiment: Price recaps note Datadog outpaced the market in the latest session, a short-term momentum signal but not new fundamental news. Datadog (DDOG) Outpaces Stock Market Gains: What You Should Know
- Negative Sentiment: Director Amit Agarwal sold 20,000 shares (~$2.41M) under a pre-arranged Rule 10b5-1 plan and now holds far fewer shares — a large insider disposition that can be perceived negatively despite the trading-plan disclosure. Director Amit Agarwal sold 20,000 shares of Datadog
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.
Further Reading
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