Datadog, Inc. (NASDAQ:DDOG) Director Sells $2,925,500.00 in Stock

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) Director Amit Agarwal sold 25,000 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $117.02, for a total transaction of $2,925,500.00. Following the completion of the transaction, the director now directly owns 76,052 shares of the company's stock, valued at $8,899,605.04. This trade represents a 24.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, May 14th, Amit Agarwal sold 25,000 shares of Datadog stock. The shares were sold at an average price of $118.67, for a total transaction of $2,966,750.00.
• 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 transaction of $2,855,250.00.
• On Monday, March 3rd, Amit Agarwal sold 10,167 shares of Datadog stock. The stock was sold at an average price of $115.86, for a total value of $1,177,948.62.

Datadog Price Performance

DDOG traded up $0.92 on Tuesday, hitting $118.66. 3,883,550 shares of the stock were exchanged, compared to its average volume of 4,380,048. The business has a 50-day moving average of $103.62 and a two-hundred day moving average of $124.72. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The firm has a market capitalization of $40.98 billion, a price-to-earnings ratio of 232.67, a PEG ratio of 44.03 and a beta of 1.12.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.04. The business had revenue of $761.55 million for the quarter, compared to analyst estimates of $741.73 million. Datadog had a return on equity of 8.28% and a net margin of 6.85%. Datadog's revenue was up 24.6% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. Equities research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DDOG shares. UBS Group lifted their price target on shares of Datadog from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $119.00 price target on shares of Datadog in a research note on Wednesday, May 7th. Wedbush reduced their target price on shares of Datadog from $155.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Scotiabank set a $130.00 price target on shares of Datadog and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $134.00 price target on shares of Datadog in a research report on Wednesday, May 7th. Seven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.04.

Institutional Investors Weigh In On Datadog

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Datadog by 3.5% in the first quarter. Vanguard Group Inc. now owns 31,413,032 shares of the company's stock valued at $3,116,487,000 after acquiring an additional 1,058,803 shares during the last quarter. Baillie Gifford & Co. lifted its stake in Datadog by 12.6% in the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company's stock valued at $1,217,769,000 after buying an additional 1,369,522 shares during the period. Jennison Associates LLC lifted its stake in Datadog by 47.9% in the fourth quarter. Jennison Associates LLC now owns 9,278,648 shares of the company's stock valued at $1,325,826,000 after buying an additional 3,005,300 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Datadog by 259.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock worth $858,994,000 after buying an additional 6,250,942 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Datadog by 23.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company's stock valued at $667,611,000 after acquiring an additional 1,261,065 shares during the period. 78.29% of the stock is owned by institutional investors.

Datadog Company Profile

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.