Datadog, Inc. (NASDAQ:DDOG – Get Free Report) Director Amit Agarwal sold 20,000 shares of Datadog stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $267.41, for a total value of $5,348,200.00. Following the sale, the director owned 1,640 shares of the company’s stock, valued at approximately $438,552.40. This trade represents a 92.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 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.
- 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 shares were 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 stock was sold at an average price of $125.98, for a total transaction of $2,519,600.00.
Datadog Stock Performance
NASDAQ DDOG opened at $260.24 on Tuesday. Datadog, Inc. has a 52-week low of $98.01 and a 52-week high of $278.70. The company has a fifty day moving average of $229.11 and a 200-day moving average of $161.18. The company has a market capitalization of $92.64 billion, a P/E ratio of 684.86, a P/E/G ratio of 26.19 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.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on DDOG. Citigroup boosted their target price on Datadog from $218.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Robert W. Baird set a $210.00 price target on shares of Datadog in a research report on Friday, May 8th. BTIG Research reissued a “buy” rating and set a $255.00 price target on shares of Datadog in a research note on Thursday, June 11th. Benchmark boosted their price objective on shares of Datadog from $260.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Finally, Monness Crespi & Hardt upped their price objective on shares of Datadog from $255.00 to $270.00 in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, forty have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $244.73.
Check Out Our Latest Analysis on Datadog
Hedge Funds Weigh In On Datadog
Large investors have recently bought and sold shares of the stock. Brighton Jones LLC bought a new position in shares of Datadog in the fourth quarter worth approximately $209,000. Bison Wealth LLC purchased a new position in shares of Datadog in the fourth quarter worth $228,000. Empowered Funds LLC raised its holdings in Datadog by 7.0% during the 1st quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock valued at $1,023,000 after buying an additional 672 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Datadog by 17.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock valued at $76,000 after buying an additional 115 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in Datadog during the 2nd quarter valued at $509,000. 78.29% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Articles
- Five stocks we like better than Datadog
- The SK Hynix IPO and 2027’s AI Memory Squeeze
- Meta Platforms Stock Rises as Muse Spark 1.1 AI Model Debuts
- Why Welltower’s Growth Story Might Outrun Its Rich Valuation
- One Short- and One Long-Term ETF for Quantum Computing Bulls
Receive News & Ratings for Datadog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Datadog and related companies with MarketBeat.com's FREE daily email newsletter.
