Datadog, Inc. (NASDAQ:DDOG) CFO Sells $2,211,450.00 in Stock

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CFO David M. Obstler sold 15,000 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $147.43, for a total value of $2,211,450.00. Following the transaction, the chief financial officer owned 399,270 shares in the company, valued at $58,864,376.10. This trade represents a 3.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Datadog Trading Down 4.2%

Shares of DDOG traded down $6.47 during midday trading on Tuesday, hitting $145.94. 86,373,732 shares of the stock were exchanged, compared to its average volume of 4,925,869. Datadog, Inc. has a 52-week low of $81.63 and a 52-week 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. The stock has a fifty day simple moving average of $121.01 and a 200 day simple moving average of $120.73. The firm has a market cap of $50.40 billion, a P/E ratio of 317.27, a P/E/G ratio of 85.83 and a beta of 1.03.

Datadog (NASDAQ:DDOG - Get Free Report) last released its earnings results 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 company had revenue of $761.55 million during the quarter, compared to the consensus estimate of $741.73 million. Datadog had a return on equity of 6.39% and a net margin of 5.85%. Datadog's revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. On average, research analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DDOG. UBS Group upped their target price on shares of Datadog from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Needham & Company LLC set a $140.00 price objective on shares of Datadog and gave the company a "buy" rating in a research note on Thursday, June 12th. Royal Bank Of Canada reissued an "outperform" rating and issued a $119.00 target price on shares of Datadog 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 for the company in a research report on Monday, March 31st. Finally, Scotiabank set a $130.00 price objective on Datadog and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. One investment 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $142.60.

Institutional Investors Weigh In On Datadog

Several large investors have recently bought and sold shares of DDOG. Putney Financial Group LLC acquired a new position in shares of Datadog during the fourth quarter worth about $32,000. Elequin Capital LP purchased a new position in Datadog in the fourth quarter worth approximately $34,000. Coppell Advisory Solutions LLC grew its holdings in Datadog by 178.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company's stock worth $40,000 after acquiring an additional 177 shares in the last quarter. Costello Asset Management INC purchased a new stake in shares of Datadog in the 1st quarter valued at approximately $30,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Datadog in the 4th quarter valued at $43,000. Hedge funds and other institutional investors 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.

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