Sean Michael Walters Sells 4,244 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters sold 4,244 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $135.00, for a total value of $572,940.00. Following the sale, the executive now owns 179,367 shares of the company’s stock, valued at approximately $24,214,545. This trade represents a 2.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Sean Michael Walters also recently made the following trade(s):

• On Tuesday, October 8th, Sean Michael Walters sold 2,322 shares of Datadog stock. The shares were sold at an average price of $125.00, for a total transaction of $290,250.00.

Datadog Stock Up 7.6 %

NASDAQ:DDOG traded up $10.97 on Friday, reaching $154.83. 13,849,056 shares of the company’s stock were exchanged, compared to its average volume of 3,936,316. The firm has a market capitalization of $52.60 billion, a price-to-earnings ratio of 292.59, a price-to-earnings-growth ratio of 17.46 and a beta of 1.10. The business has a fifty day moving average of $123.30 and a 200-day moving average of $119.78. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $155.42.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. SouthState Corp acquired a new position in shares of Datadog during the 2nd quarter worth $26,000. True Wealth Design LLC raised its position in Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after acquiring an additional 240 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after purchasing an additional 115 shares in the last quarter. Quarry LP acquired a new stake in shares of Datadog in the third quarter valued at approximately $33,000. Finally, Blue Trust Inc. purchased a new position in shares of Datadog during the 2nd quarter worth approximately $37,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on DDOG. Robert W. Baird upped their target price on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Scotiabank cut their price target on Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a research note on Friday, November 8th. BMO Capital Markets boosted their target price on shares of Datadog from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Wedbush upgraded Datadog from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Citigroup increased their price target on shares of Datadog from $150.00 to $157.00 and gave the company a “buy” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Datadog has a consensus rating of “Moderate Buy” and a consensus target price 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.