Datadog, Inc. (NASDAQ:DDOG) Director Sells $301,863.90 in Stock

Key Points

• Titilope Cole, a director at Datadog, sold 2,210 shares for approximately $301,863.90, reducing their ownership by 25.83% to 6,347 shares valued at about $866,936.73.
• Datadog reported a 28.1% year-over-year increase in quarterly revenue, achieving $826.76 million, and surpassed earnings expectations with $0.46 EPS against a consensus of $0.41.
• The stock has a current market capitalization of $44.54 billion and has seen a significant range between its 52-week low of $81.63 and high of $170.08.

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) Director Titilope Cole sold 2,210 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $136.59, for a total transaction of $301,863.90. Following the completion of the sale, the director directly owned 6,347 shares of the company's stock, valued at $866,936.73. The trade was a 25.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Datadog Stock Performance

NASDAQ:DDOG traded up $0.13 during mid-day trading on Tuesday, hitting $128.96. The stock had a trading volume of 6,829,073 shares, compared to its average volume of 5,970,630. The stock has a market capitalization of $44.54 billion, a price-to-earnings ratio of 368.47, a P/E/G ratio of 69.33 and a beta of 1.02. The company has a 50 day simple moving average of $135.40 and a 200-day simple moving average of $120.54. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The company has a current ratio of 3.43, a quick ratio of 2.74 and a debt-to-equity ratio of 0.31.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.05. The firm had revenue of $826.76 million for the quarter, compared to the consensus estimate of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. Datadog's quarterly revenue was up 28.1% compared to the same quarter last year. During the same period last year, the firm posted $0.43 EPS. On average, research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DDOG. Needham & Company LLC set a $140.00 price target on shares of Datadog and gave the stock a "buy" rating in a research note on Thursday, June 12th. Stifel Nicolaus boosted their price target on shares of Datadog from $120.00 to $135.00 and gave the stock a "hold" rating in a research note on Thursday, June 26th. Morgan Stanley boosted 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, July 10th. Royal Bank Of Canada reiterated an "outperform" rating and set a $119.00 price target on shares of Datadog in a research note on Wednesday, May 7th. Finally, Jefferies Financial Group boosted their price target on shares of Datadog from $135.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $151.72.

Institutional Trading of Datadog

Hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. raised its position in shares of Datadog by 0.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,466 shares of the company's stock worth $1,406,000 after buying an additional 82 shares in the last quarter. Jefferies Financial Group Inc. boosted its holdings in shares of Datadog by 360.4% in the second quarter. Jefferies Financial Group Inc. now owns 77,018 shares of the company's stock valued at $10,346,000 after acquiring an additional 60,291 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Datadog by 51.9% in the second quarter. Prudential Financial Inc. now owns 17,680 shares of the company's stock valued at $2,375,000 after acquiring an additional 6,037 shares in the last quarter. Vestor Capital LLC bought a new position in shares of Datadog in the second quarter valued at approximately $924,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Datadog by 5.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,454,150 shares of the company's stock valued at $195,336,000 after acquiring an additional 75,295 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

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.

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