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Datadog, Inc. (NASDAQ:DDOG) CRO Sells $1,420,350.00 in Stock

Datadog logo with Computer and Technology background

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CRO Sean Michael Walters sold 9,469 shares of the company'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 value of $1,420,350.00. Following the completion of the transaction, the executive directly owned 212,324 shares in the company, valued at approximately $31,848,600. The trade was 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 stock was 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 Performance

Shares of NASDAQ:DDOG traded down $6.47 on Tuesday, hitting $145.94. The company's stock had a trading volume of 86,373,732 shares, compared to its average volume of 4,925,869. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The stock's 50-day moving average is $121.01 and its two-hundred day moving average is $120.73. 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 company has a market capitalization of $50.40 billion, a price-to-earnings ratio of 317.27, a price-to-earnings-growth ratio of 85.83 and a beta of 1.03.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its 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 net margin of 5.85% and a return on equity of 6.39%. The firm had revenue of $761.55 million during the quarter, compared to analyst estimates of $741.73 million. During the same quarter in the prior year, the firm posted $0.44 EPS. Datadog's revenue was up 24.6% compared to the same quarter last year. On average, equities research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

Institutional Trading of Datadog

A number of hedge funds and other institutional investors have recently modified their holdings of DDOG. Farther Finance Advisors LLC boosted its stake in Datadog by 5.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company's stock valued at $265,000 after buying an additional 92 shares in the last quarter. Emerald Advisers LLC lifted its holdings in Datadog by 1.1% in the 1st quarter. Emerald Advisers LLC now owns 9,300 shares of the company's stock valued at $923,000 after acquiring an additional 97 shares during the last quarter. YANKCOM Partnership boosted its position in shares of Datadog by 12.0% during the 1st quarter. YANKCOM Partnership now owns 927 shares of the company's stock valued at $92,000 after purchasing an additional 99 shares in the last quarter. SageView Advisory Group LLC grew its stake in shares of Datadog by 4.9% in the 4th 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% in the 1st quarter. Covestor Ltd now owns 1,388 shares of the company's stock worth $138,000 after purchasing an additional 113 shares in the last quarter. Institutional investors own 78.29% of the company's stock.

Wall Street Analysts Forecast Growth

DDOG has been the subject of several research analyst reports. Macquarie dropped their target price on shares of Datadog from $175.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Morgan Stanley lowered their price objective on Datadog from $143.00 to $115.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Wells Fargo & Company reduced their target price on Datadog from $140.00 to $115.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 7th. Barclays boosted their price target on Datadog from $125.00 to $128.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Finally, Canaccord Genuity Group reduced their price objective on Datadog from $150.00 to $145.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $142.60.

Get Our Latest Report on DDOG

Datadog Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Datadog (NASDAQ:DDOG)

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