Datadog, Inc. (NASDAQ:DDOG – Get Free Report) General Counsel Kerry Acocella sold 5,371 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $233.91, for a total transaction of $1,256,330.61. Following the transaction, the general counsel directly owned 127,866 shares of the company’s stock, valued at approximately $29,909,136.06. This represents a 4.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kerry Acocella also recently made the following trade(s):
- On Tuesday, June 2nd, Kerry Acocella sold 7,252 shares of Datadog stock. The stock was sold at an average price of $267.15, for a total transaction of $1,937,371.80.
- On Tuesday, May 5th, Kerry Acocella sold 13,857 shares of Datadog stock. The stock was sold at an average price of $150.00, for a total transaction of $2,078,550.00.
Datadog Price Performance
Shares of DDOG opened at $223.00 on Friday. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $278.70. The company’s fifty day moving average is $189.22 and its two-hundred day moving average is $149.77. The firm has a market cap of $79.38 billion, a PE ratio of 586.86, a price-to-earnings-growth ratio of 23.88 and a beta of 1.56. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.25.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on DDOG. DA Davidson set a $250.00 target price on Datadog in a report on Friday, May 22nd. Weiss Ratings upgraded shares of Datadog from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Robert W. Baird set a $210.00 price target on shares of Datadog in a research report on Friday, May 8th. Craig Hallum initiated coverage on shares of Datadog in a research note on Monday. They set a “buy” rating for the company. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $226.00 price objective on shares of Datadog in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $239.48.
Check Out Our Latest Report on Datadog
More Datadog News
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: Truist upgraded Datadog to Buy from Hold and lifted its price target to $300, citing stronger demand tied to AI observability, cloud monitoring, and security products. Truist upgrades Datadog to Buy from Neutral
- Positive Sentiment: Scotiabank raised its target to $275 from $225 and kept a Sector Outperform rating, reinforcing expectations for further upside. Scotiabank adjusts price target on Datadog to 275 from 225
- Positive Sentiment: Other recent broker actions were also constructive, with Citigroup and Capital One lifting targets to $270 and $268, respectively, as analysts continue to point to durable AI-driven demand. Citi raises Datadog target to 270 citing durable AI-driven demand
- Neutral Sentiment: Coverage around Datadog’s strong Q1 results and observability consolidation strategy remains supportive, but it largely reiterates the company’s existing growth story rather than introducing a new catalyst. Can Observability Consolidation Create a Larger Opportunity for DDOG?
- Negative Sentiment: Recent insider selling by CEO Olivier Pomel and General Counsel Kerry Acocella may be creating some sentiment pressure, even though the trades were made under pre-arranged 10b5-1 plans. Datadog insider trade details
Institutional Trading of Datadog
Several large investors have recently modified their holdings of DDOG. Nomura Asset Management Co. Ltd. grew its position in shares of Datadog by 8.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 152,674 shares of the company’s stock worth $20,762,000 after buying an additional 11,348 shares in the last quarter. MUFG Securities EMEA plc raised its holdings in Datadog by 115.6% in the fourth quarter. MUFG Securities EMEA plc now owns 13,342 shares of the company’s stock valued at $1,814,000 after acquiring an additional 7,154 shares in the last quarter. Norges Bank bought a new position in Datadog during the 4th quarter valued at $469,461,000. Vanguard Group Inc. boosted its stake in Datadog by 30.3% during the 3rd quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock valued at $5,966,877,000 after acquiring an additional 9,748,738 shares during the last quarter. Finally, BNP Paribas grew its holdings in Datadog by 18.4% during the 4th quarter. BNP Paribas now owns 41,280 shares of the company’s stock worth $5,614,000 after acquiring an additional 6,403 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.
About Datadog
Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.
The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.
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