Datadog, Inc. (NASDAQ:DDOG)’s stock price dropped 1.7% during mid-day trading on Wednesday after an insider sold shares in the company. The company traded as low as $148.58 and last traded at $149.17. Approximately 19,011 shares were traded during trading, a decline of 100% from the average daily volume of 4,586,603 shares. The stock had previously closed at $151.73.Specifically, CEO Olivier Pomel sold 145,472 shares of the company’s stock in a transaction dated Monday, November 22nd. The stock was sold at an average price of $184.45, for a total transaction of $26,832,310.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alexis Le-Quoc sold 455,928 shares of the company’s stock in a transaction dated Tuesday, November 16th. The stock was sold at an average price of $191.55, for a total value of $87,333,008.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,270,377 shares of company stock worth $219,924,408. 20.23% of the stock is owned by company insiders.
A number of analysts recently issued reports on the company. Jefferies Financial Group decreased their target price on Datadog from $230.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, January 6th. Mizuho decreased their target price on Datadog from $225.00 to $200.00 in a research report on Tuesday, January 18th. Loop Capital upped their target price on Datadog from $160.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 5th. Rosenblatt Securities raised Datadog from a “neutral” rating to a “buy” rating and set a $175.00 target price for the company in a research report on Wednesday, February 2nd. Finally, Needham & Company LLC decreased their target price on Datadog from $236.00 to $190.00 and set a “buy” rating for the company in a research report on Tuesday. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Datadog currently has an average rating of “Buy” and a consensus target price of $174.74.
The stock has a market capitalization of $47.17 billion, a PE ratio of -1,080.28 and a beta of 1.17. The firm has a 50 day moving average of $155.94 and a two-hundred day moving average of $151.69. The company has a current ratio of 3.94, a quick ratio of 3.94 and a debt-to-equity ratio of 0.77.
A number of institutional investors have recently added to or reduced their stakes in DDOG. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Datadog by 11.7% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 32,357 shares of the company’s stock worth $3,368,000 after buying an additional 3,377 shares in the last quarter. Jasper Ridge Partners L.P. increased its position in Datadog by 15.8% during the second quarter. Jasper Ridge Partners L.P. now owns 876,413 shares of the company’s stock worth $91,217,000 after buying an additional 119,816 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Datadog by 1,934.0% during the second quarter. Dimensional Fund Advisors LP now owns 92,017 shares of the company’s stock worth $9,577,000 after buying an additional 87,493 shares in the last quarter. Penserra Capital Management LLC increased its position in Datadog by 71.8% during the second quarter. Penserra Capital Management LLC now owns 677 shares of the company’s stock worth $70,000 after buying an additional 283 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in Datadog by 7.4% during the second quarter. Private Advisor Group LLC now owns 6,831 shares of the company’s stock worth $711,000 after buying an additional 469 shares in the last quarter. 62.94% of the stock is owned by institutional investors.
Datadog Company Profile (NASDAQ:DDOG)
Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company’s SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of customers technology stack.