Insider Selling: Datadog, Inc. (NASDAQ:DDOG) CFO Sells $467,843.52 in Stock

Datadog, Inc. (NASDAQ:DDOG) CFO David M. Obstler sold 3,732 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $125.36, for a total transaction of $467,843.52. Following the completion of the sale, the chief financial officer now owns 275,191 shares in the company, valued at $34,497,943.76. The transaction was disclosed in a filing with the SEC, which is available through this link.

Datadog Stock Up 0.0 %

Shares of Datadog stock opened at $123.51 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17. The stock has a market capitalization of $40.99 billion, a PE ratio of 1,029.25 and a beta of 1.17. Datadog, Inc. has a 52-week low of $62.60 and a 52-week high of $138.61. The company has a 50-day simple moving average of $127.31 and a two-hundred day simple moving average of $112.03.

Datadog (NASDAQ:DDOG) last issued its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The business had revenue of $589.65 million during the quarter, compared to analysts’ expectations of $568.73 million. During the same period in the previous year, the company earned ($0.08) earnings per share. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. On average, analysts anticipate that Datadog, Inc. will post -0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DDOG has been the topic of a number of research analyst reports. Royal Bank of Canada increased their price target on shares of Datadog from $145.00 to $151.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Truist Financial increased their target price on shares of Datadog from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Robert W. Baird increased their target price on shares of Datadog from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. William Blair reaffirmed an “outperform” rating on shares of Datadog in a report on Friday, February 16th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $150.00 price target on shares of Datadog in a report on Friday, February 23rd. Seven research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and an average target price of $128.18.

Institutional Trading of Datadog

A number of large investors have recently made changes to their positions in DDOG. Anchor Investment Management LLC bought a new stake in Datadog during the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. bought a new stake in Datadog during the fourth quarter valued at approximately $29,000. BluePath Capital Management LLC bought a new stake in Datadog during the third quarter valued at approximately $31,000. Private Trust Co. NA grew its position in Datadog by 743.3% during the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after buying an additional 223 shares during the period. Finally, Jones Financial Companies Lllp bought a new stake in Datadog during the fourth quarter valued at approximately $33,000. 78.29% of the stock is currently owned by institutional investors.

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.