Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters Sells 2,351 Shares

Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters sold 2,351 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $125.00, for a total value of $293,875.00. Following the completion of the sale, the executive now owns 197,421 shares in the company, valued at approximately $24,677,625. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Sean Michael Walters also recently made the following trade(s):

• On Tuesday, June 11th, Sean Michael Walters sold 3,134 shares of Datadog stock. The shares were sold at an average price of $113.58, for a total value of $355,959.72.
• On Monday, June 3rd, Sean Michael Walters sold 8,394 shares of Datadog stock. The stock was sold at an average price of $109.45, for a total transaction of $918,723.30.
• On Thursday, April 11th, Sean Michael Walters sold 10,000 shares of Datadog stock. The shares were sold at an average price of $129.86, for a total transaction of $1,298,600.00.

Datadog Stock Performance

Shares of DDOG opened at $131.75 on Wednesday. The stock has a 50 day moving average of $119.98 and a 200 day moving average of $123.28. The company has a market capitalization of $44.07 billion, a price-to-earnings ratio of 412.72, a PEG ratio of 42.70 and a beta of 1.11. Datadog, Inc. has a 12 month low of $77.81 and a 12 month high of $138.61. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.34.

Datadog (NASDAQ:DDOG) last announced its earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.20. The firm had revenue of $611.25 million during the quarter, compared to analyst estimates of $589.97 million. Datadog had a return on equity of 7.48% and a net margin of 5.11%. As a group, sell-side analysts forecast that Datadog, Inc. will post 0.32 earnings per share for the current year.

Analysts Set New Price Targets

DDOG has been the topic of several recent analyst reports. Cantor Fitzgerald restated an “overweight” rating and issued a $150.00 target price on shares of Datadog in a report on Wednesday, April 17th. Baird R W upgraded Datadog from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 8th. JMP Securities raised Datadog to a “hold” rating in a research note on Wednesday, May 8th. Bank of America raised Datadog from a “neutral” rating to a “buy” rating and boosted their price target for the company from $143.00 to $155.00 in a research note on Thursday, May 30th. Finally, Barclays reduced their price objective on shares of Datadog from $152.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $136.04.

Institutional Investors Weigh In On Datadog

Large investors have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV lifted its stake in Datadog by 48.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 360 shares of the company’s stock valued at $47,000 after purchasing an additional 117 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Datadog by 70.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock valued at $39,000 after buying an additional 127 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Datadog by 317.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 375,045 shares of the company’s stock worth $46,427,000 after acquiring an additional 285,140 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in Datadog by 3.6% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 81,180 shares of the company’s stock worth $10,034,000 after acquiring an additional 2,800 shares during the last quarter. Finally, Cetera Advisors LLC lifted its holdings in Datadog by 141.5% during the first quarter. Cetera Advisors LLC now owns 13,700 shares of the company’s stock valued at $1,693,000 after purchasing an additional 8,026 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

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.