Datadog, Inc. (NASDAQ:DDOG – Get Free Report) 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 – Get Free Report) 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
Check Out Our Latest Research Report on DDOG
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.
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