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

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CFO David M. Obstler sold 15,000 shares of the business's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $135.25, for a total value of $2,028,750.00. Following the completion of the sale, the chief financial officer directly owned 399,270 shares in the company, valued at $54,001,267.50. This represents a 3.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Datadog Stock Down 0.1%

Shares of Datadog stock traded down $0.15 during trading on Friday, hitting $137.35. 5,070,924 shares of the stock traded hands, compared to its average volume of 4,980,734. The stock has a market cap of $47.43 billion, a P/E ratio of 298.58, a PEG ratio of 78.97 and a beta of 1.03. The company has a fifty day moving average price of $123.32 and a two-hundred day moving average price of $120.99. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.74 and a current ratio of 2.74.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on DDOG. Guggenheim restated a "sell" rating and set a $105.00 price objective on shares of Datadog in a research report on Tuesday. Macquarie reduced their target price on shares of Datadog from $175.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Datadog in a report on Tuesday, May 6th. DA Davidson lifted their target price on Datadog from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Finally, Wells Fargo & Company reduced their target price on Datadog from $140.00 to $115.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-five have given a buy rating to the company's stock. Based on data from MarketBeat, Datadog has a consensus rating of "Moderate Buy" and an average target price of $144.27.

Institutional Investors Weigh In On Datadog

A number of large investors have recently bought and sold shares of the business. Brighton Jones LLC acquired a new position in shares of Datadog during the 4th quarter valued at about $209,000. Atria Investments Inc boosted its position in Datadog by 30.1% during the fourth quarter. Atria Investments Inc now owns 6,246 shares of the company's stock worth $892,000 after purchasing an additional 1,444 shares during the period. M&T Bank Corp grew its holdings in Datadog by 2.0% during the fourth quarter. M&T Bank Corp now owns 10,322 shares of the company's stock valued at $1,475,000 after purchasing an additional 205 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Datadog in the fourth quarter valued at approximately $14,884,000. Finally, Ashton Thomas Private Wealth LLC lifted its stake in shares of Datadog by 6.7% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,648 shares of the company's stock worth $521,000 after buying an additional 228 shares during the last quarter. 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.