Datadog, Inc. (NASDAQ:DDOG) CRO Sells $355,959.72 in Stock

Datadog, Inc. (NASDAQ:DDOGGet Free Report) CRO Sean Michael Walters sold 3,134 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $113.58, for a total value of $355,959.72. Following the sale, the executive now owns 199,772 shares in the company, valued at $22,690,103.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Sean Michael Walters also recently made the following trade(s):

  • On Monday, June 3rd, Sean Michael Walters sold 8,394 shares of Datadog stock. The stock was sold at an average price of $109.45, for a total value of $918,723.30.
  • On Thursday, April 11th, Sean Michael Walters sold 10,000 shares of Datadog stock. The stock was sold at an average price of $129.86, for a total value of $1,298,600.00.

Datadog Price Performance

DDOG opened at $117.84 on Friday. The stock has a fifty day moving average of $120.89 and a 200-day moving average of $122.87. The firm has a market capitalization of $39.42 billion, a P/E ratio of 368.25, a PEG ratio of 46.58 and a beta of 1.09. Datadog, Inc. has a 12-month low of $77.81 and a 12-month high of $138.61. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.34.

Datadog (NASDAQ:DDOGGet Free Report) last released its earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.20. The company had revenue of $611.25 million during the quarter, compared to analyst estimates of $589.97 million. Datadog had a return on equity of 7.48% and a net margin of 5.11%. Equities analysts forecast that Datadog, Inc. will post 0.27 EPS for the current fiscal year.

Institutional Trading of Datadog

Hedge funds and other institutional investors have recently modified their holdings of the company. Spire Wealth Management raised its holdings in shares of Datadog by 2,148.5% during the fourth quarter. Spire Wealth Management now owns 5,329 shares of the company’s stock worth $694,000 after acquiring an additional 5,092 shares in the last quarter. Quintet Private Bank Europe S.A. purchased a new stake in shares of Datadog during the third quarter worth $270,000. Hsbc Holdings PLC raised its holdings in shares of Datadog by 47.8% during the fourth quarter. Hsbc Holdings PLC now owns 193,390 shares of the company’s stock worth $23,505,000 after acquiring an additional 62,533 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Datadog by 31.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,733,448 shares of the company’s stock worth $331,786,000 after acquiring an additional 651,244 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC raised its holdings in shares of Datadog by 5.6% during the fourth quarter. Zevenbergen Capital Investments LLC now owns 165,405 shares of the company’s stock worth $20,077,000 after acquiring an additional 8,830 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DDOG has been the subject of a number of recent analyst reports. Wedbush reissued an “outperform” rating and issued a $155.00 price objective on shares of Datadog in a report on Monday, May 6th. Rosenblatt Securities reissued a “buy” rating and issued a $146.00 price objective on shares of Datadog in a report on Monday, May 6th. JMP Securities raised Datadog to a “hold” rating in a report on Wednesday, May 8th. Canaccord Genuity Group reissued a “buy” rating and issued a $150.00 price objective on shares of Datadog in a report on Friday, February 23rd. Finally, Bank of America raised Datadog from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $143.00 to $155.00 in a report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.04.

Read Our Latest Stock Analysis on DDOG

Datadog Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Datadog (NASDAQ:DDOG)

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