Insider Selling: Datadog, Inc. (NASDAQ:DDOG) CRO Sells 9,469 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CRO Sean Michael Walters sold 9,469 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $150.00, for a total transaction of $1,420,350.00. Following the completion of the sale, the executive directly owned 212,324 shares in the company, valued at $31,848,600. This represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Sean Michael Walters also recently made the following trade(s):

• On Tuesday, June 17th, Sean Michael Walters sold 9,468 shares of Datadog stock. The shares were sold at an average price of $125.00, for a total transaction of $1,183,500.00.
• On Monday, June 2nd, Sean Michael Walters sold 11,167 shares of Datadog stock. The shares were sold at an average price of $116.84, for a total transaction of $1,304,752.28.

Datadog Stock Down 0.1%

Shares of DDOG stock traded down $0.12 during mid-day trading on Friday, reaching $137.37. 6,321,860 shares of the company's stock traded hands, compared to its average volume of 4,983,977. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The company has a market cap of $47.44 billion, a P/E ratio of 298.64, a P/E/G ratio of 76.06 and a beta of 1.03. 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's 50-day moving average price is $123.97 and its 200-day moving average price is $120.91.

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

Analyst Upgrades and Downgrades

Several research firms have commented on DDOG. Guggenheim reissued a "sell" rating and set a $105.00 price target on shares of Datadog in a research note on Tuesday. Morgan Stanley lifted their price target on shares of Datadog from $115.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Thursday. Barclays lifted their price target on shares of Datadog from $125.00 to $128.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Jefferies Financial Group reissued a "buy" rating on shares of Datadog in a research note on Tuesday, May 6th. Finally, Macquarie decreased their price target on shares of Datadog from $175.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat, Datadog currently has a consensus rating of "Moderate Buy" and a consensus target price of $144.27.

Hedge Funds Weigh In On Datadog

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Datadog by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 31,413,032 shares of the company's stock worth $3,116,487,000 after purchasing an additional 1,058,803 shares in the last quarter. Baillie Gifford & Co. boosted its stake in Datadog by 12.6% in the 1st quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company's stock worth $1,217,769,000 after purchasing an additional 1,369,522 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Datadog by 259.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock worth $858,994,000 after purchasing an additional 6,250,942 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Datadog by 23.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company's stock worth $667,611,000 after purchasing an additional 1,261,065 shares in the last quarter. Finally, Groupama Asset Managment boosted its stake in Datadog by 407.6% in the 4th quarter. Groupama Asset Managment now owns 6,600,000 shares of the company's stock worth $943,074,000 after purchasing an additional 5,299,688 shares in the last quarter. Institutional investors own 78.29% of the company's stock.

About Datadog

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.