Datadog, Inc. (NASDAQ:DDOG – Get Free Report) insider Yanbing Li sold 12,700 shares of the company’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $221.26, for a total transaction of $2,810,002.00. Following the transaction, the insider directly owned 250,446 shares in the company, valued at approximately $55,413,681.96. This trade represents a 4.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yanbing Li also recently made the following trade(s):
- On Wednesday, September 2nd, Yanbing Li sold 11,206 shares of Datadog stock. The shares were sold at an average price of $212.90, for a total transaction of $2,385,757.40.
Datadog Price Performance
Shares of DDOG stock traded up $0.22 during midday trading on Tuesday, reaching $230.27. 4,019,745 shares of the company traded hands, compared to its average volume of 5,434,902. The firm’s 50 day simple moving average is $245.08 and its two-hundred day simple moving average is $198.22. The firm has a market cap of $82.68 billion, a PE ratio of 469.95, a price-to-earnings-growth ratio of 21.48 and a beta of 1.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $292.72.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on DDOG. UBS Group decreased their target price on shares of Datadog from $315.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Scotiabank increased their price target on Datadog from $275.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Raymond James Financial restated an “outperform” rating and set a $280.00 price objective on shares of Datadog in a report on Thursday, August 6th. Evercore lifted their price objective on Datadog from $225.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Finally, Guggenheim upped their target price on Datadog from $225.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and an average target price of $276.66.
Check Out Our Latest Analysis on Datadog
Hedge Funds Weigh In On Datadog
Hedge funds have recently made changes to their positions in the stock. Revere Asset Management Inc purchased a new position in shares of Datadog in the 2nd quarter worth $2,752,000. Tidal Investments LLC increased its stake in Datadog by 17.4% during the second quarter. Tidal Investments LLC now owns 94,299 shares of the company’s stock worth $24,552,000 after acquiring an additional 13,977 shares during the last quarter. BlueCrest Capital Management Ltd increased its stake in Datadog by 30.2% during the second quarter. BlueCrest Capital Management Ltd now owns 6,771 shares of the company’s stock worth $1,763,000 after acquiring an additional 1,571 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC purchased a new position in shares of Datadog in the 2nd quarter worth about $297,000. Finally, NorthRock Partners LLC purchased a new position in shares of Datadog in the 2nd quarter worth about $220,000. Institutional investors and hedge funds own 78.29% of the company’s stock.
Datadog Company Profile
Datadog, Inc (NASDAQ:DDOG) is a cloud-based software company that provides monitoring, observability, security and analytics tools for modern applications and information technology environments. Its platform helps organizations collect, correlate and analyze data from servers, databases, applications, containers, networks and cloud services in a unified environment.
The company’s products include infrastructure monitoring, application performance monitoring, log management, real user and synthetic monitoring, database monitoring, cloud security, software delivery tools, incident management and cloud cost management.
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