Datadog, Inc. (NASDAQ:DDOG) Director Sells $1,115,699.20 in Stock

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) Director Shardul Shah sold 7,924 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $140.80, for a total transaction of $1,115,699.20. Following the sale, the director directly owned 380,281 shares in the company, valued at approximately $53,543,564.80. This represents a 2.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shardul Shah also recently made the following trade(s):

• On Monday, June 16th, Shardul Shah sold 7,916 shares of Datadog stock. The shares were sold at an average price of $120.86, for a total value of $956,727.76.
• On Wednesday, June 4th, Shardul Shah sold 23,748 shares of Datadog stock. The stock was sold at an average price of $120.00, for a total value of $2,849,760.00.

Datadog Stock Up 2.7%

Shares of NASDAQ DDOG traded up $3.79 on Thursday, hitting $143.15. The company had a trading volume of 5,307,429 shares, compared to its average volume of 5,005,690. The firm has a market capitalization of $49.44 billion, a P/E ratio of 311.20, a PEG ratio of 76.64 and a beta of 1.03. The business has a 50 day moving average of $125.99 and a two-hundred day moving average of $120.75. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.34.

Datadog (NASDAQ:DDOG - Get Free Report) last issued 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. Datadog had a net margin of 5.85% and a return on equity of 6.39%. The business had revenue of $761.55 million during the quarter, compared to analyst estimates of $741.73 million. During the same quarter in the previous year, the firm earned $0.44 earnings per share. The business's revenue was up 24.6% compared to the same quarter last year. As a group, equities research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Datadog

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DDOG. V Square Quantitative Management LLC lifted its holdings in Datadog by 13.8% in the 2nd quarter. V Square Quantitative Management LLC now owns 601 shares of the company's stock valued at $81,000 after acquiring an additional 73 shares during the last quarter. Biltmore Wealth Management LLC boosted its stake in shares of Datadog by 1.5% during the 2nd quarter. Biltmore Wealth Management LLC now owns 5,726 shares of the company's stock worth $769,000 after acquiring an additional 86 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Datadog by 5.2% during the 4th quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company's stock worth $265,000 after acquiring an additional 92 shares in the last quarter. Emerald Advisers LLC grew its holdings in shares of Datadog by 1.1% in the 1st quarter. Emerald Advisers LLC now owns 9,300 shares of the company's stock worth $923,000 after acquiring an additional 97 shares during the last quarter. Finally, YANKCOM Partnership raised its position 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 period. 78.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DDOG. BTIG Research set a $136.00 price objective on Datadog and gave the company a "buy" rating in a report on Tuesday, May 6th. Morgan Stanley raised their price target on shares of Datadog from $115.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $119.00 price objective on shares of Datadog in a report on Wednesday, May 7th. Wolfe Research raised shares of Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a report on Thursday, June 12th. Finally, Cantor Fitzgerald boosted their target price on shares of Datadog from $134.00 to $171.00 and gave the company an "overweight" rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat, Datadog has an average rating of "Moderate Buy" and an average target price of $145.34.

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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