Datadog, Inc. (NASDAQ:DDOG) CRO Sells $862,646.16 in Stock

Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters sold 8,454 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total transaction of $862,646.16. Following the sale, the executive now directly owns 185,871 shares in the company, valued at approximately $18,966,276.84. The trade was a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Datadog Stock Down 3.3 %

DDOG stock traded down $3.35 during mid-day trading on Thursday, hitting $98.68. 5,072,211 shares of the company were exchanged, compared to its average volume of 4,056,941. The firm has a market capitalization of $33.82 billion, a P/E ratio of 193.49, a PEG ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 12-month low of $98.34 and a 12-month high of $170.08. The business has a fifty day simple moving average of $132.57 and a 200-day simple moving average of $131.45.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data 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 net margin of 6.85% and a return on equity of 8.28%. Research analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Institutional Trading of Datadog

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Atria Investments Inc increased its stake in Datadog by 9.5% during the 3rd quarter. Atria Investments Inc now owns 4,802 shares of the company’s stock worth $553,000 after buying an additional 416 shares during the period. Sigma Planning Corp increased its position in shares of Datadog by 8.9% during the third quarter. Sigma Planning Corp now owns 5,645 shares of the company’s stock worth $649,000 after acquiring an additional 460 shares during the period. Los Angeles Capital Management LLC raised its stake in shares of Datadog by 172.2% in the third quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company’s stock valued at $4,469,000 after acquiring an additional 24,574 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Datadog in the third quarter valued at $54,000. Finally, Nations Financial Group Inc. IA ADV grew its stake in Datadog by 3.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 4,641 shares of the company’s stock worth $534,000 after purchasing an additional 139 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. TD Cowen reaffirmed a “buy” rating and set a $165.00 target price on shares of Datadog in a research note on Tuesday, November 19th. Wells Fargo & Company downgraded shares of Datadog from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $152.00 to $140.00 in a research report on Thursday, February 13th. Cantor Fitzgerald started coverage on Datadog in a research note on Friday, January 17th. They set an “overweight” rating and a $180.00 price objective for the company. Jefferies Financial Group increased their target price on Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Royal Bank of Canada boosted their price target on Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.