Datadog, Inc. (NASDAQ:DDOG) Director Matthew Jacobson Sells 3,393 Shares

Datadog, Inc. (NASDAQ:DDOG) Director Matthew Jacobson sold 3,393 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $125.03, for a total transaction of $424,226.79. Following the sale, the director now directly owns 695,086 shares in the company, valued at approximately $86,906,602.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 transaction of $1,000,110.80.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $128.45 on Thursday. The company has a market cap of $43.31 billion, a PE ratio of 242.36, a price-to-earnings-growth ratio of 18.45 and a beta of 1.10. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $138.61. The company has a 50-day simple moving average of $120.03 and a 200-day simple moving average of $119.40.

Wall Street Analyst Weigh In

DDOG has been the topic of several recent research reports. BMO Capital Markets upped their target price on shares of Datadog from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. BNP Paribas assumed coverage on shares of Datadog in a research report on Tuesday, October 8th. They issued an “outperform” rating and a $150.00 price objective on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $150.00 price objective on shares of Datadog in a research report on Monday, July 22nd. DA Davidson increased their price objective on shares of Datadog from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Robert W. Baird increased their price objective on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $150.96.

Institutional Investors Weigh In On Datadog

A number of hedge funds and other institutional investors have recently modified their holdings of DDOG. SouthState Corp purchased a new stake in shares of Datadog during the second quarter worth about $26,000. Meeder Asset Management Inc. raised its stake in Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after purchasing an additional 115 shares during the period. Blue Trust Inc. purchased a new position in Datadog during the second quarter worth approximately $37,000. EverSource Wealth Advisors LLC raised its stake in Datadog by 70.2% during the first quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock worth $39,000 after purchasing an additional 127 shares during the period. Finally, American National Bank & Trust purchased a new position in Datadog during the third quarter worth approximately $39,000. 78.29% of the stock is currently owned by hedge funds and other 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.