Datadog, Inc. (NASDAQ:DDOG) CFO Sells $4,531,757.30 in Stock

Datadog, Inc. (NASDAQ:DDOG) CFO David M. Obstler sold 33,334 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $135.95, for a total transaction of $4,531,757.30. Following the completion of the transaction, the chief financial officer now directly owns 314,158 shares in the company, valued at approximately $42,709,780.10. The trade was a 9.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Datadog Stock Performance

Shares of NASDAQ:DDOG traded up $10.97 on Friday, reaching $154.83. The company’s stock had a trading volume of 13,849,056 shares, compared to its average volume of 3,936,316. The company has a 50-day simple moving average of $123.30 and a 200 day simple moving average of $119.78. The company has a market cap of $52.60 billion, a P/E ratio of 292.59, a PEG ratio of 17.46 and a beta of 1.10. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $155.42.

Analyst Ratings Changes

Several research analysts have recently commented on DDOG shares. Royal Bank of Canada reissued an “outperform” rating and set a $151.00 price objective on shares of Datadog in a report on Friday, August 9th. BNP Paribas assumed coverage on shares of Datadog in a report on Tuesday, October 8th. They issued an “outperform” rating and a $150.00 price target on the stock. DA Davidson lifted their price objective on shares of Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. BMO Capital Markets increased their target price on Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Scotiabank dropped 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. One research 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and a consensus price target of $150.96.

Institutional Investors Weigh In On Datadog

Several large investors have recently added to or reduced their stakes in DDOG. Jennison Associates LLC boosted its holdings in shares of Datadog by 2.1% in the 3rd quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock worth $721,811,000 after purchasing an additional 126,613 shares during the period. Geode Capital Management LLC lifted its stake in Datadog by 2.5% in the third quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company’s stock worth $595,438,000 after purchasing an additional 125,457 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of 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 buying an additional 331,808 shares during the period. 1832 Asset Management L.P. lifted its stake in shares of Datadog by 5.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,486,600 shares of the company’s stock worth $322,487,000 after acquiring an additional 138,700 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Datadog by 2.4% during 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 acquiring an additional 46,746 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.