Datadog, Inc. (NASDAQ:DDOG – Get Free Report) Director Amit Agarwal sold 20,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $231.56, for a total transaction of $4,631,200.00. Following the completion of the transaction, the director owned 1,640 shares of the company’s stock, valued at approximately $379,758.40. The trade was a 92.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 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 stock was sold at an average price of $131.47, for a total transaction 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 transaction of $2,400,000.00.
- On Monday, April 20th, Amit Agarwal sold 20,000 shares of Datadog stock. The shares were sold at an average price of $125.98, for a total transaction of $2,519,600.00.
- On Wednesday, April 8th, Amit Agarwal sold 20,000 shares of Datadog stock. The shares were sold at an average price of $122.28, for a total value of $2,445,600.00.
- On Wednesday, April 1st, Amit Agarwal sold 20,000 shares of Datadog stock. The stock was sold at an average price of $120.53, for a total value of $2,410,600.00.
- On Monday, March 23rd, Amit Agarwal sold 20,000 shares of Datadog stock. The shares were sold at an average price of $127.36, for a total value of $2,547,200.00.
Datadog Stock Down 1.6%
NASDAQ:DDOG opened at $223.00 on Friday. The business’s fifty day moving average price is $187.09 and its 200 day moving average price is $149.26. The firm has a market capitalization of $79.38 billion, a price-to-earnings ratio of 586.86, a PEG ratio of 24.27 and a beta of 1.56. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.25. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $278.70.
Analyst Ratings Changes
Several equities analysts have recently commented on DDOG shares. Rosenblatt Securities boosted their price target on shares of Datadog from $178.00 to $220.00 and gave the company a “buy” rating in a report on Friday, May 8th. Barclays upped their target price on Datadog from $215.00 to $260.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. Bank of America boosted their price target on Datadog from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Stifel Nicolaus set a $305.00 target price on shares of Datadog in a research report on Thursday, May 7th. Finally, New Street Research set a $260.00 price objective on shares of Datadog in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $239.48.
Read Our Latest Research Report on Datadog
More Datadog News
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: Truist upgraded Datadog to Buy from Hold and raised its price target to $300, highlighting confidence in Datadog’s growth outlook and AI-related demand. Truist upgrades Datadog to Buy from Neutral
- Positive Sentiment: Scotiabank raised its price target on Datadog to $275 from $225 and maintained a Sector Outperform rating, adding to the wave of bullish analyst commentary. Scotiabank adjusts price target on Datadog to 275 from 225
- Positive Sentiment: Citigroup and Capital One also lifted their targets to $270 and $268, respectively, reinforcing expectations for continued upside from durable AI-driven demand and cloud monitoring growth. Citi raises Datadog target to $270 citing durable AI-driven demand
- Neutral Sentiment: Coverage around Datadog’s Q1 results and product momentum, including stronger AI observability and security offerings, continues to support the bull case, but it is largely a continuation of existing growth themes rather than a fresh catalyst. Datadog strongest Q1 results from the cloud monitoring group
- Negative Sentiment: Recent insider selling, including sales by CEO Olivier Pomel, General Counsel Kerry Acocella, and Director Amit Agarwal, may be weighing on sentiment even though the trades were made under pre-arranged 10b5-1 plans. Datadog insider trade details
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in DDOG. Rothschild Investment LLC increased its position in shares of Datadog by 126.6% during the third quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the period. JPL Wealth Management LLC acquired a new stake in Datadog during the third quarter valued at approximately $27,000. CoreCap Advisors LLC raised its holdings in shares of Datadog by 1,461.5% in the 4th quarter. CoreCap Advisors LLC now owns 203 shares of the company’s stock worth $28,000 after buying an additional 190 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in Datadog in the fourth quarter valued at $31,000. Finally, NBC Securities Inc. lifted its holdings in shares of Datadog by 242.6% during the fourth quarter. NBC Securities Inc. now owns 233 shares of the company’s stock valued at $32,000 after acquiring an additional 165 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.
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.
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