Datadog, Inc. (NASDAQ:DDOG) CFO David M. Obstler Sells 15,000 Shares

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CFO David M. Obstler sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $130.25, for a total value of $1,953,750.00. Following the sale, the chief financial officer now owns 399,270 shares in the company, valued at $52,004,917.50. The trade was a 3.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Datadog Price Performance

NASDAQ DDOG traded up $2.02 on Monday, reaching $129.52. 4,524,136 shares of the stock traded hands, compared to its average volume of 4,432,002. The firm's fifty day simple moving average is $112.11 and its 200 day simple moving average is $121.79. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.34. The company has a market cap of $44.73 billion, a price-to-earnings ratio of 281.57, a P/E/G ratio of 70.67 and a beta of 1.01. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.04. Datadog had a return on equity of 6.39% and a net margin of 5.85%. The firm had revenue of $761.55 million during the quarter, compared to analyst estimates of $741.73 million. During the same period last year, the company posted $0.44 EPS. The firm's quarterly revenue was up 24.6% on a year-over-year basis. As a group, research analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on DDOG shares. Macquarie cut their price objective on Datadog from $175.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Truist Financial dropped their price target on Datadog from $140.00 to $120.00 and set a "hold" rating on the stock in a research report on Monday, March 31st. Rosenblatt Securities dropped their price target on Datadog from $160.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Bank of America increased their price target on Datadog from $138.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Datadog in a research report on Tuesday, May 6th. Six investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat, Datadog has an average rating of "Moderate Buy" and a consensus target price of $142.52.

Institutional Investors Weigh In On Datadog

Institutional investors and hedge funds have recently modified their holdings of the stock. OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of Datadog by 887.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock valued at $25,000 after acquiring an additional 22,646 shares during the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of Datadog by 96.9% in the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock valued at $30,000 after purchasing an additional 154 shares in the last quarter. Costello Asset Management INC purchased a new stake in shares of Datadog in the first quarter valued at $30,000. Putney Financial Group LLC purchased a new stake in shares of Datadog in the fourth quarter valued at $32,000. Finally, Elequin Capital LP purchased a new stake in shares of Datadog in the fourth quarter valued at $34,000. Institutional investors and hedge funds 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.