Datadog (NASDAQ:DDOG) Director Sells $1,286,983.28 in Stock

Key Points

• Datadog Director Shardul Shah sold 7,916 shares of the company's stock for approximately $1.29 million, reducing his ownership stake by 2.13% to 364,449 shares.
• The company's stock traded at $160.02 mid-day, with a market capitalization of $55.81 billion and a P/E ratio of 457.21.
• Datadog reported $0.46 EPS in its last earnings, exceeding expectations, while revenue increased by 28.1% year-over-year, totaling $826.76 million.

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) Director Shardul Shah sold 7,916 shares of the firm's stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $162.58, for a total transaction of $1,286,983.28. Following the completion of the transaction, the director directly owned 364,449 shares in the company, valued at approximately $59,252,118.42. The trade was a 2.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, September 12th, Shardul Shah sold 7,916 shares of Datadog stock. The shares were sold at an average price of $137.78, for a total transaction of $1,090,666.48.

Datadog Stock Performance

Shares of Datadog stock traded down $0.86 during mid-day trading on Wednesday, hitting $160.02. 3,019,792 shares of the stock were exchanged, compared to its average volume of 5,620,053. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The company has a 50-day simple moving average of $139.12 and a 200 day simple moving average of $126.17. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. The company has a market capitalization of $55.81 billion, a P/E ratio of 457.21, a P/E/G ratio of 64.24 and a beta of 1.21.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.41 by $0.05. The firm had revenue of $826.76 million for the quarter, compared to analysts' expectations of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The company's quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 EPS. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. Sell-side analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. DA Davidson increased their price target on shares of Datadog from $170.00 to $180.00 and gave the stock a "buy" rating in a report on Friday, October 3rd. Citigroup boosted their price target on shares of Datadog from $165.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, August 18th. Bank of America boosted their price target on shares of Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Weiss Ratings reissued a "sell (d+)" rating on shares of Datadog in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus raised their price objective on Datadog from $120.00 to $135.00 and gave the company a "hold" rating in a report on Thursday, June 26th. Twenty-four analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $159.54.

Hedge Funds Weigh In On Datadog

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Costello Asset Management INC purchased a new stake in Datadog in the first quarter worth about $30,000. Cornerstone Planning Group LLC lifted its position in Datadog by 96.9% during the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock valued at $30,000 after purchasing an additional 154 shares during the period. Interchange Capital Partners LLC bought a new position in Datadog during the second quarter valued at approximately $42,000. Opal Wealth Advisors LLC bought a new position in Datadog during the first quarter valued at approximately $37,000. Finally, Center for Financial Planning Inc. lifted its position in Datadog by 1,189.7% during the first quarter. Center for Financial Planning Inc. now owns 374 shares of the company's stock valued at $37,000 after purchasing an additional 345 shares during the period. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.