Datadog, Inc. (NASDAQ:DDOG) Director Amit Agarwal Sells 10,167 Shares

Datadog, Inc. (NASDAQ:DDOG) Director Amit Agarwal sold 10,167 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $115.86, for a total value of $1,177,948.62. Following the completion of the transaction, the director now owns 82,324 shares of the company’s stock, valued at $9,538,058.64. The trade was a 10.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Wednesday, March 5th, Amit Agarwal sold 25,000 shares of Datadog stock. The shares were sold at an average price of $114.21, for a total value of $2,855,250.00.
• On Wednesday, January 22nd, Amit Agarwal sold 25,000 shares of Datadog stock. The shares were sold at an average price of $139.47, for a total transaction of $3,486,750.00.
• On Wednesday, January 8th, Amit Agarwal sold 25,000 shares of Datadog stock. The shares were 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 transaction of $3,699,750.00.

Datadog Stock Performance

Datadog stock opened at $115.09 on Thursday. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08. The company has a 50-day simple moving average of $136.50 and a 200-day simple moving average of $131.85. The firm has a market capitalization of $39.45 billion, a P/E ratio of 225.67, a P/E/G ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. As a group, sell-side analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on DDOG. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price target on shares of Datadog in a research note on Tuesday. TD Cowen reaffirmed a “buy” rating and issued a $165.00 target price on shares of Datadog in a research report on Tuesday, November 19th. Loop Capital increased their target price on Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Robert W. Baird lifted their price target on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Stifel Nicolaus downgraded shares of Datadog from a “buy” rating to a “hold” rating and reduced their price objective for the company from $165.00 to $140.00 in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Datadog has an average rating of “Moderate Buy” and a consensus target price of $158.70.

Institutional Trading of Datadog

Several large investors have recently added to or reduced their stakes in DDOG. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Datadog by 8.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,746 shares of the company’s stock valued at $1,352,000 after purchasing an additional 886 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Datadog by 51.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 608,252 shares of the company’s stock valued at $69,985,000 after buying an additional 206,696 shares in the last quarter. KG&L Capital Management LLC increased its stake in Datadog by 22.3% during the 3rd quarter. KG&L Capital Management LLC now owns 3,915 shares of the company’s stock valued at $450,000 after buying an additional 715 shares during the period. National Pension Service raised its position in shares of Datadog by 10.2% during the 3rd quarter. National Pension Service now owns 432,450 shares of the company’s stock worth $49,758,000 after buying an additional 39,881 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Datadog by 3.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 99,194 shares of the company’s stock worth $11,413,000 after acquiring an additional 3,151 shares during the period. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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.