Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters Sells 8,454 Shares

Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters sold 8,454 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total transaction of $862,646.16. Following the transaction, the executive now directly owns 185,871 shares of the company’s stock, valued at $18,966,276.84. The trade was a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Datadog Stock Performance

Shares of NASDAQ:DDOG opened at $98.68 on Friday. The firm has a fifty day moving average price of $131.67 and a 200 day moving average price of $131.22. Datadog, Inc. has a fifty-two week low of $98.30 and a fifty-two week high of $170.08. The firm has a market cap of $33.82 billion, a price-to-earnings ratio of 193.49, a P/E/G ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. As a group, research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Hedge Funds Weigh In On Datadog

Several institutional investors have recently bought and sold shares of DDOG. Groupama Asset Managment lifted its position in Datadog by 407.6% during the fourth quarter. Groupama Asset Managment now owns 6,600,000 shares of the company’s stock valued at $943,074,000 after purchasing an additional 5,299,688 shares during the last quarter. Janus Henderson Group PLC lifted its position in Datadog by 17,477.2% during the fourth quarter. Janus Henderson Group PLC now owns 4,016,558 shares of the company’s stock valued at $573,923,000 after purchasing an additional 3,993,707 shares during the last quarter. Norges Bank bought a new position in Datadog during the fourth quarter valued at $462,910,000. Jennison Associates LLC lifted its position in Datadog by 47.9% during the fourth quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock valued at $1,325,826,000 after purchasing an additional 3,005,300 shares during the last quarter. Finally, Brown Advisory Inc. raised its stake in shares of Datadog by 2,804.2% in the fourth quarter. Brown Advisory Inc. now owns 2,749,174 shares of the company’s stock valued at $392,830,000 after acquiring an additional 2,654,512 shares during the period. Institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Truist Financial decreased their price objective on shares of Datadog from $150.00 to $140.00 and set a “hold” rating for the company in a report on Friday, February 14th. Wells Fargo & Company cut shares of Datadog from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $152.00 to $140.00 in a report on Thursday, February 13th. Macquarie reissued an “outperform” rating and set a $200.00 price objective on shares of Datadog in a report on Tuesday, February 11th. JMP Securities reaffirmed a “market perform” rating on shares of Datadog in a report on Friday, February 14th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $143.00 target price on shares of Datadog in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

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.