Sean Michael Walters Sells 2,322 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters sold 2,322 shares of the stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $125.00, for a total value of $290,250.00. Following the sale, the executive now owns 183,512 shares in the company, valued at $22,939,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Datadog Stock Performance

Shares of DDOG stock opened at $130.09 on Friday. Datadog, Inc. has a fifty-two week low of $77.81 and a fifty-two week high of $138.61. The firm has a market capitalization of $43.51 billion, a price-to-earnings ratio of 404.44, a PEG ratio of 28.94 and a beta of 1.11. The stock’s 50-day simple moving average is $113.96 and its 200-day simple moving average is $119.20.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, August 8th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Datadog had a return on equity of 9.01% and a net margin of 6.81%. The firm had revenue of $645.28 million during the quarter, compared to the consensus estimate of $624.92 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue was up 26.7% compared to the same quarter last year. As a group, equities analysts forecast that Datadog, Inc. will post 0.42 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on DDOG. Monness Crespi & Hardt upgraded Datadog from a “sell” rating to a “neutral” rating in a report on Wednesday, August 7th. Royal Bank of Canada restated an “outperform” rating and set a $151.00 price target on shares of Datadog in a report on Friday, August 9th. Needham & Company LLC decreased their price target on Datadog from $165.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, August 9th. DA Davidson upgraded Datadog from a “neutral” rating to a “buy” rating and increased their price target for the company from $115.00 to $140.00 in a report on Tuesday, October 1st. Finally, Scotiabank decreased their price target on Datadog from $145.00 to $135.00 and set a “sector outperform” rating on the stock in a report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.19.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Baader Bank Aktiengesellschaft lifted its holdings in Datadog by 1.5% in the second quarter. Baader Bank Aktiengesellschaft now owns 5,077 shares of the company’s stock valued at $657,000 after acquiring an additional 77 shares during the period. GAMMA Investing LLC raised its stake in shares of Datadog by 19.5% during the 3rd quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock worth $65,000 after buying an additional 92 shares during the period. HB Wealth Management LLC raised its stake in shares of Datadog by 5.2% during the 2nd quarter. HB Wealth Management LLC now owns 1,926 shares of the company’s stock worth $250,000 after buying an additional 95 shares during the period. Ameritas Investment Partners Inc. raised its stake 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 buying an additional 103 shares during the period. Finally, WR Wealth Planners LLC raised its stake 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 buying an additional 104 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

About Datadog

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.