Insider Selling: Datadog, Inc. (NASDAQ:DDOG) CFO Sells 33,333 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) CFO David M. Obstler sold 33,333 shares of the business’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 directly owns 314,158 shares of the company’s stock, valued at approximately $40,963,061.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Datadog Stock Performance

Shares of NASDAQ:DDOG opened at $126.00 on Thursday. The firm has a market cap of $42.15 billion, a price-to-earnings ratio of 393.75, a P/E/G ratio of 22.85 and a beta of 1.11. The firm has a fifty day moving average price of $116.02 and a 200 day moving average price of $119.37. Datadog, Inc. has a fifty-two week low of $77.81 and a fifty-two week high of $138.61.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DDOG. Wedbush reiterated an “outperform” rating and issued a $155.00 price target on shares of Datadog in a research note on Friday, August 9th. Loop Capital reaffirmed a “buy” rating and issued a $160.00 target price on shares of Datadog in a research report on Friday, July 5th. Needham & Company LLC lowered 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. Mizuho raised Datadog from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $135.00 to $155.00 in a report on Tuesday, July 16th. Finally, BNP Paribas assumed coverage on Datadog in a report on Tuesday, October 8th. They issued an “outperform” rating and a $150.00 target price on the stock. Four research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $141.19.

Hedge Funds Weigh In On Datadog

Several institutional investors have recently added to or reduced their stakes in DDOG. SouthState Corp bought a new position in shares of Datadog during the 2nd quarter valued at approximately $26,000. Riverview Trust Co purchased a new stake in Datadog during the first quarter valued at $26,000. Blue Trust Inc. bought a new position in Datadog during the second quarter valued at $37,000. Versant Capital Management Inc grew its stake in shares of Datadog by 216.5% in the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the company’s stock worth $40,000 after buying an additional 210 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Datadog by 70.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock worth $39,000 after buying an additional 127 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.