Datadog, Inc. (NASDAQ:DDOG – Get Free Report) insider Yanbing Li sold 12,700 shares of Datadog stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $221.26, for a total transaction of $2,810,002.00. Following the sale, the insider owned 250,446 shares of the company’s stock, valued at approximately $55,413,681.96. This trade represents a 4.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yanbing Li also recently made the following trade(s):
- On Wednesday, September 2nd, Yanbing Li sold 11,206 shares of Datadog stock. The shares were sold at an average price of $212.90, for a total transaction of $2,385,757.40.
Datadog Stock Up 0.1%
Shares of NASDAQ DDOG opened at $230.27 on Wednesday. Datadog, Inc. has a 1 year low of $98.01 and a 1 year high of $292.72. The firm’s 50 day moving average price is $244.55 and its 200 day moving average price is $199.06. The firm has a market cap of $82.69 billion, a P/E ratio of 469.95, a price-to-earnings-growth ratio of 22.45 and a beta of 1.49. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.20 and a current ratio of 3.20.
Institutional Investors Weigh In On Datadog
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EMC Capital Management acquired a new stake in Datadog during the 2nd quarter worth approximately $28,000. Cornerstone Financial Management LLC lifted its position in Datadog by 54.9% during the second quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock valued at $33,000 after buying an additional 45 shares in the last quarter. Rothschild Investment LLC lifted its position in Datadog by 52.5% during 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 in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in Datadog by 341.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 318 shares of the company’s stock worth $38,000 after buying an additional 246 shares during the period. Finally, Elevation Wealth Partners LLC grew its stake in Datadog by 2,700.0% during the second quarter. Elevation Wealth Partners LLC now owns 168 shares of the company’s stock worth $44,000 after buying an additional 162 shares during the period. 78.29% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have issued reports on the company. Barclays raised their price target on Datadog from $260.00 to $290.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Citizens Jmp increased their price objective on shares of Datadog from $225.00 to $311.00 and gave the stock a “market outperform” rating in a report on Monday, July 20th. Zacks Research cut shares of Datadog from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. The Goldman Sachs Group reissued a “sell” rating and issued a $158.00 target price on shares of Datadog in a research report on Friday, August 7th. Finally, Capital One Financial boosted their target price on shares of Datadog from $217.00 to $268.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $276.66.
View Our Latest Report on Datadog
Datadog Company Profile
Datadog, Inc (NASDAQ:DDOG) is a cloud-based software company that provides monitoring, observability, security and analytics tools for modern applications and information technology environments. Its platform helps organizations collect, correlate and analyze data from servers, databases, applications, containers, networks and cloud services in a unified environment.
The company’s products include infrastructure monitoring, application performance monitoring, log management, real user and synthetic monitoring, database monitoring, cloud security, software delivery tools, incident management and cloud cost management.
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