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 Thursday, July 23rd. The shares were sold at an average price of $244.87, for a total value of $4,897,400.00. Following the sale, the director owned 1,640 shares in the company, valued at approximately $401,586.80. This represents a 92.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 9th, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $267.41, for a total value of $5,348,200.00.
- On Thursday, July 2nd, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was 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 shares were 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 shares were 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 stock was sold at an average price of $200.13, for a total transaction of $4,002,600.00.
Datadog Price Performance
Shares of Datadog stock opened at $250.88 on Wednesday. The firm has a market cap of $89.30 billion, a P/E ratio of 660.23, a price-to-earnings-growth ratio of 25.61 and a beta of 1.54. The firm’s 50-day simple moving average is $242.98 and its 200-day simple moving average is $170.38. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $278.70. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.40 and a current ratio of 3.40.
Key Headlines Impacting Datadog
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: BTIG Research raised its Datadog price target to $289 from $255 and maintained a Buy rating, implying approximately 15% upside from the referenced price. The upgrade reinforces confidence in Datadog’s growth outlook. BTIG price target article
- Positive Sentiment: Datadog recently outperformed the broader market, with shares advancing 2.03% in the latest completed session. Investor interest has been supported by expectations for upcoming cloud-company earnings and generally bullish Wall Street recommendations. Why Datadog outpaced the stock market
- Neutral Sentiment: The average brokerage recommendation remains equivalent to a Buy, although the concentration of bullish ratings may reduce the signal’s usefulness and leave the stock vulnerable to disappointment. Wall Street recommendations on Datadog
- Negative Sentiment: CEO Olivier Pomel sold 47,054 shares worth about $11.5 million, CTO Alexis Le-Quoc sold 43,224 shares worth approximately $11.5 million, and Director Amit Agarwal sold 20,000 shares for roughly $4.9 million. All three transactions were made under pre-arranged Rule 10b5-1 plans, which reduces their significance as discretionary bearish signals, but the sales can still pressure sentiment—particularly after DDOG’s strong run and elevated valuation.
Institutional Investors Weigh In On Datadog
Hedge funds and other institutional investors have recently bought and sold shares of the business. JPL Wealth Management LLC bought a new position in Datadog in the 3rd quarter valued at $27,000. CoreCap Advisors LLC grew its holdings in shares of Datadog by 1,461.5% during the fourth quarter. CoreCap Advisors LLC now owns 203 shares of the company’s stock worth $28,000 after purchasing an additional 190 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Datadog in the fourth quarter valued at $31,000. NBC Securities Inc. increased its stake in shares of Datadog by 242.6% in the fourth quarter. NBC Securities Inc. now owns 233 shares of the company’s stock valued at $32,000 after buying an additional 165 shares in the last quarter. Finally, Rothschild Investment LLC raised its holdings in shares of Datadog by 52.5% in the fourth quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock valued at $37,000 after buying an additional 94 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts recently commented on the company. Oppenheimer boosted their price target on Datadog from $220.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday, July 20th. Royal Bank Of Canada reiterated an “outperform” rating and set a $280.00 price objective on shares of Datadog in a research note on Thursday, July 16th. Truist Financial raised Datadog from a “hold” rating to a “buy” rating and lifted their price objective for the company from $190.00 to $300.00 in a report on Monday, June 15th. Stifel Nicolaus set a $305.00 target price on shares of Datadog in a research note on Thursday, May 7th. Finally, Scotiabank upped their target price on shares of Datadog from $225.00 to $275.00 and gave the stock an “outperform” rating in a report on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $264.84.
View Our Latest Research Report on Datadog
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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