Insider Selling: Datadog, Inc. (NASDAQ:DDOG) Director Sells 3,393 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) Director Matthew Jacobson sold 3,393 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $125.03, for a total value of $424,226.79. Following the sale, the director now owns 695,086 shares of the company’s stock, valued at $86,906,602.58. This trade represents a 0.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Matthew Jacobson also recently made the following trade(s):

• On Wednesday, September 11th, Matthew Jacobson sold 9,256 shares of Datadog stock. The stock was sold at an average price of $108.05, for a total value of $1,000,110.80.

Datadog Stock Performance

NASDAQ DDOG opened at $126.09 on Friday. The stock has a 50-day simple moving average of $120.85 and a 200 day simple moving average of $119.55. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $138.61. The stock has a market capitalization of $42.51 billion, a PE ratio of 237.91, a P/E/G ratio of 19.20 and a beta of 1.10.

Institutional Trading of Datadog

A number of hedge funds have recently bought and sold shares of DDOG. Vanguard Group Inc. increased its stake in Datadog by 0.6% during the first quarter. Vanguard Group Inc. now owns 27,431,107 shares of the company’s stock valued at $3,390,485,000 after acquiring an additional 171,693 shares during the period. Jennison Associates LLC raised its stake in shares of Datadog by 2.1% in the third quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock valued at $721,811,000 after purchasing an additional 126,613 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Datadog by 9.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,944,943 shares of the company’s stock worth $511,620,000 after purchasing an additional 331,808 shares during the period. 1832 Asset Management L.P. boosted its stake in Datadog by 5.9% during the second quarter. 1832 Asset Management L.P. now owns 2,486,600 shares of the company’s stock worth $322,487,000 after buying an additional 138,700 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Datadog by 2.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company’s stock valued at $232,988,000 after buying an additional 46,746 shares during the period. 78.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on DDOG. Rosenblatt Securities lifted their price target on Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Cantor Fitzgerald restated an “overweight” rating and set a $150.00 price target on shares of Datadog in a report on Monday, July 22nd. Barclays lifted their price objective on shares of Datadog from $140.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. BNP Paribas assumed coverage on Datadog in a report on Tuesday, October 8th. They set an “outperform” rating and a $150.00 price target on the stock. Finally, Robert W. Baird lifted their target price on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.96.

About Datadog

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.