Datadog, Inc. (NASDAQ:DDOG) CFO Sells $4,346,289.87 in Stock

Datadog, Inc. (NASDAQ:DDOG) CFO David M. Obstler sold 33,333 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $130.39, for a total value of $4,346,289.87. Following the completion of the transaction, the chief financial officer now owns 314,158 shares of the company’s stock, valued at approximately $40,963,061.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Datadog Price Performance

DDOG stock opened at $128.12 on Friday. Datadog, Inc. has a 1 year low of $77.81 and a 1 year high of $138.61. The firm has a market capitalization of $42.86 billion, a PE ratio of 400.38, a price-to-earnings-growth ratio of 22.85 and a beta of 1.11. The business has a 50 day simple moving average of $116.58 and a 200-day simple moving average of $119.45.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, August 8th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. Datadog had a return on equity of 9.01% and a net margin of 6.81%. The company had revenue of $645.28 million during the quarter, compared to analysts’ expectations of $624.92 million. During the same period in the prior year, the business earned $0.36 EPS. The firm’s quarterly revenue was up 26.7% on a year-over-year basis. On average, equities research analysts expect that Datadog, Inc. will post 0.42 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on DDOG. Evercore ISI initiated coverage on shares of Datadog in a research note on Monday, July 15th. They set an “outperform” rating and a $150.00 price objective for the company. BMO Capital Markets cut their price target on Datadog from $140.00 to $132.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Needham & Company LLC decreased their price objective on Datadog from $165.00 to $140.00 and set a “buy” rating for the company in a report on Friday, August 9th. BTIG Research upgraded Datadog from a “neutral” rating to a “buy” rating and set a $143.00 target price on the stock in a research note on Thursday, August 1st. Finally, Scotiabank reduced their price target on Datadog from $145.00 to $135.00 and set a “sector outperform” rating for the company in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $142.11.

Hedge Funds Weigh In On Datadog

A number of institutional investors have recently bought and sold shares of DDOG. Baader Bank Aktiengesellschaft increased its holdings in shares of Datadog by 1.5% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 5,077 shares of the company’s stock worth $657,000 after buying an additional 77 shares during the last quarter. GAMMA Investing LLC raised its position in Datadog by 19.5% in the third quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock valued at $65,000 after purchasing an additional 92 shares during the period. HB Wealth Management LLC lifted its stake in shares of Datadog by 5.2% in the 2nd quarter. HB Wealth Management LLC now owns 1,926 shares of the company’s stock valued at $250,000 after purchasing an additional 95 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Datadog by 1.2% during the 1st quarter. Ameritas Investment Partners Inc. now owns 8,867 shares of the company’s stock worth $1,096,000 after purchasing an additional 103 shares during the period. Finally, WR Wealth Planners LLC increased its position in shares of Datadog by 31.6% during the 2nd quarter. WR Wealth Planners LLC now owns 433 shares of the company’s stock worth $56,000 after purchasing an additional 104 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

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.