Datadog, Inc. (NASDAQ:DDOG) CFO Sells $2,028,750.00 in Stock

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CFO David M. Obstler sold 15,000 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $135.25, for a total transaction of $2,028,750.00. Following the completion of the sale, the chief financial officer directly owned 399,270 shares of the company's stock, valued at approximately $54,001,267.50. This trade represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Datadog Stock Performance

Shares of NASDAQ DDOG traded down $6.47 during midday trading on Tuesday, reaching $145.94. The company had a trading volume of 86,373,732 shares, compared to its average volume of 4,930,538. The business's 50-day simple moving average is $121.89 and its 200 day simple moving average is $120.90. The stock has a market cap of $50.40 billion, a P/E ratio of 317.27, a P/E/G ratio of 84.31 and a beta of 1.03. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.34.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its holdings in shares of Datadog by 5.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company's stock worth $265,000 after purchasing an additional 92 shares during the last quarter. Emerald Advisers LLC raised its holdings in shares of Datadog by 1.1% during the first quarter. Emerald Advisers LLC now owns 9,300 shares of the company's stock worth $923,000 after purchasing an additional 97 shares during the last quarter. YANKCOM Partnership raised its holdings in shares of Datadog by 12.0% during the first quarter. YANKCOM Partnership now owns 927 shares of the company's stock worth $92,000 after purchasing an additional 99 shares during the last quarter. SageView Advisory Group LLC raised its holdings in shares of Datadog by 4.9% during the fourth quarter. SageView Advisory Group LLC now owns 2,176 shares of the company's stock worth $311,000 after purchasing an additional 101 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Datadog by 8.9% during the first quarter. Covestor Ltd now owns 1,388 shares of the company's stock worth $138,000 after purchasing an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DDOG. Bank of America upped their price target on shares of Datadog from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Monday. UBS Group upped their price target on shares of Datadog from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Needham & Company LLC set a $140.00 price target on shares of Datadog and gave the stock a "buy" rating in a research report on Thursday, June 12th. Wells Fargo & Company lowered their price target on shares of Datadog from $140.00 to $115.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 7th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $119.00 price target on shares of Datadog in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $142.60.

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.

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