Datadog, Inc. (NASDAQ:DDOG – Get Free Report) Director Amit Agarwal sold 20,000 shares of the business’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $267.41, for a total transaction of $5,348,200.00. Following the completion of the sale, the director owned 1,640 shares of the company’s stock, valued at $438,552.40. The trade was a 92.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Amit Agarwal also recently made the following trade(s):
- On Thursday, July 2nd, Amit Agarwal sold 20,000 shares of Datadog stock. The shares were sold at an average price of $261.22, for a total transaction of $5,224,400.00.
- On Thursday, June 25th, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $220.12, for a total transaction of $4,402,400.00.
- On Thursday, June 18th, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $220.92, for a total transaction of $4,418,400.00.
- On Friday, June 12th, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $231.56, for a total transaction of $4,631,200.00.
- On Monday, May 11th, Amit Agarwal sold 20,000 shares of Datadog stock. The shares were sold at an average price of $200.13, for a total transaction of $4,002,600.00.
- On Monday, April 27th, Amit Agarwal sold 20,000 shares of Datadog stock. The shares were sold at an average price of $131.47, for a total value of $2,629,400.00.
- On Wednesday, April 15th, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $120.00, for a total value of $2,400,000.00.
- On Monday, April 20th, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $125.98, for a total value of $2,519,600.00.
Datadog Price Performance
NASDAQ DDOG opened at $270.73 on Wednesday. The stock has a 50-day simple moving average of $231.61 and a 200 day simple moving average of $162.12. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $278.70. The stock has a market capitalization of $96.37 billion, a PE ratio of 712.47, a P/E/G ratio of 26.46 and a beta of 1.54. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.40 and a current ratio of 3.40.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on DDOG shares. Craig Hallum started coverage on shares of Datadog in a research report on Monday, June 15th. They set a “buy” rating on the stock. Arete Research boosted their price objective on shares of Datadog from $260.00 to $340.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Mizuho boosted their price objective on shares of Datadog from $145.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Jefferies Financial Group raised shares of Datadog from a “buy” rating to a “buy” rating in a research report on Monday, June 15th. Finally, Robert W. Baird set a $210.00 price target on Datadog in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $244.73.
Check Out Our Latest Stock Analysis on DDOG
Trending Headlines about Datadog
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: Recent commentary highlighted Datadog as a strong long-term growth stock, citing its solid revenue trends and continued relevance in cloud monitoring and observability. Why Datadog (DDOG) is a Top Growth Stock for the Long-Term
- Positive Sentiment: Another market note compared Datadog’s revenue trends favorably versus peers, reinforcing the view that the company still has room to grow as demand for cloud observability and security tools remains healthy. DigitalOcean vs. Datadog: What the Revenue Trends of These Tech Companies Reveal for Investors
- Neutral Sentiment: Datadog has also been getting more attention from investors and stock screeners, which can add to trading momentum but does not by itself change fundamentals. Here is What to Know Beyond Why Datadog, Inc. (DDOG) is a Trending Stock
- Neutral Sentiment: MarketBeat noted that Datadog’s latest quarterly results were strong, with revenue and EPS beating expectations and guidance still pointing to growth, supporting the stock’s elevated valuation.
- Negative Sentiment: Director Amit Agarwal disclosed another sale of 20,000 shares, worth about $5.35 million, under a pre-arranged 10b5-1 plan. While routine, repeated insider selling can weigh on investor sentiment. Datadog (NASDAQ:DDOG) Director Sells $5,348,200.00 in Stock
Hedge Funds Weigh In On Datadog
A number of hedge funds have recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. raised its position in shares of Datadog by 8.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 152,674 shares of the company’s stock valued at $20,762,000 after acquiring an additional 11,348 shares during the last quarter. Norges Bank bought a new position in shares of Datadog in the 4th quarter worth $469,461,000. MUFG Securities EMEA plc grew its stake in shares of Datadog by 115.6% during the fourth quarter. MUFG Securities EMEA plc now owns 13,342 shares of the company’s stock worth $1,814,000 after purchasing an additional 7,154 shares during the period. BNP Paribas grew its stake in shares of Datadog by 18.4% during the fourth quarter. BNP Paribas now owns 41,280 shares of the company’s stock worth $5,614,000 after purchasing an additional 6,403 shares during the period. Finally, Patton Fund Management Inc. increased its holdings in Datadog by 1,964.8% in the fourth quarter. Patton Fund Management Inc. now owns 38,550 shares of the company’s stock valued at $5,242,000 after purchasing an additional 36,683 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.
About Datadog
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.
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