Datadog (NASDAQ:DDOG)’s share price rose 5.1% on Monday after an insider bought additional shares in the company. The stock traded as high as $34.20 and last traded at $33.91, approximately 1,377,073 shares traded hands during trading. A decline of 47% from the average daily volume of 2,620,071 shares. The stock had previously closed at $32.27.
Specifically, insider Amit Agarwal purchased 25,000 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were acquired at an average price of $27.00 per share, with a total value of $675,000.00. Also, major shareholder Iconiq Strategic Partners Ii, purchased 525,000 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were purchased at an average cost of $27.00 per share, for a total transaction of $14,175,000.00. Insiders have acquired 569,000 shares of company stock worth $15,258,760 in the last ninety days.
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. Its SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, and log management to provide real-time observability of customers technology stack.
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