Madre Armelle De Sells 1,749 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) insider Madre Armelle De sold 1,749 shares of Datadog stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $125.00, for a total value of $218,625.00. Following the sale, the insider now owns 92,025 shares in the company, valued at $11,503,125. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Madre Armelle De also recently made the following trade(s):

• On Friday, June 7th, Madre Armelle De sold 1,749 shares of Datadog stock. The shares were sold at an average price of $109.44, for a total value of $191,410.56.
• On Monday, June 3rd, Madre Armelle De sold 4,442 shares of Datadog stock. The shares were sold at an average price of $109.45, for a total value of $486,176.90.
• On Thursday, May 23rd, Madre Armelle De sold 300 shares of Datadog stock. The shares were sold at an average price of $125.00, for a total value of $37,500.00.
• On Tuesday, May 7th, Madre Armelle De sold 300 shares of Datadog stock. The shares were sold at an average price of $113.37, for a total value of $34,011.00.
• On Monday, April 8th, Madre Armelle De sold 600 shares of Datadog stock. The shares were sold at an average price of $125.34, for a total value of $75,204.00.

Datadog Trading Down 0.2 %

Shares of DDOG stock opened at $131.50 on Thursday. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $120.09 and a two-hundred day moving average price of $123.34. Datadog, Inc. has a 12-month low of $77.81 and a 12-month high of $138.61. The firm has a market cap of $43.99 billion, a P/E ratio of 410.94, a price-to-earnings-growth ratio of 42.70 and a beta of 1.11.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DDOG. Needham & Company LLC restated a “buy” rating and issued a $165.00 target price on shares of Datadog in a research note on Thursday, June 27th. Robert W. Baird upgraded Datadog from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $130.00 to $140.00 in a research report on Wednesday, May 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $152.00 price target on shares of Datadog in a research report on Monday, April 22nd. Bank of America upgraded Datadog from a “neutral” rating to a “buy” rating and lifted their price target for the company from $143.00 to $155.00 in a research report on Thursday, May 30th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $150.00 price target on shares of Datadog in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $136.04.

Institutional Investors Weigh In On Datadog

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

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.