Insider Selling: Datadog (NASDAQ:DDOG) General Counsel Sells 12,971 Shares of Stock

Key Points

• Kerry Acocella, General Counsel of Datadog, sold **12,971 shares** of the company's stock at an average price of **$139.96**, totaling approximately **$1.82 million**.
• Datadog's stock has recently traded down **1.6%**, hitting **$132.60** with a market cap of **$46.24 billion** and a **P/E ratio of 378.87**.
• In its last earnings report, Datadog **surpassed estimates** with **$0.46 EPS** and $826.76 million in revenue, representing a **28.1% year-over-year growth**.

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) General Counsel Kerry Acocella sold 12,971 shares of the company's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $139.96, for a total value of $1,815,421.16. Following the completion of the sale, the general counsel owned 102,519 shares of the company's stock, valued at approximately $14,348,559.24. The trade was a 11.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Kerry Acocella also recently made the following trade(s):

• On Tuesday, September 2nd, Kerry Acocella sold 5,142 shares of Datadog stock. The shares were sold at an average price of $133.85, for a total value of $688,256.70.

Datadog Stock Performance

Shares of NASDAQ:DDOG traded up $4.30 during mid-day trading on Friday, reaching $136.08. 4,850,494 shares of the company traded hands, compared to its average volume of 4,672,563. The company's 50 day moving average price is $137.78 and its 200-day moving average price is $119.29. The firm has a market cap of $47.46 billion, a PE ratio of 388.81, a PEG ratio of 54.78 and a beta of 1.11. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43.

Datadog (NASDAQ:DDOG - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.05. The company 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 firm's revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the business 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. On average, equities analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DDOG has been the subject of several recent analyst reports. Canaccord Genuity Group upped their target price on shares of Datadog from $145.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Cantor Fitzgerald boosted their price objective on Datadog from $171.00 to $179.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $175.00 price objective on shares of Datadog in a research note on Thursday, August 14th. Wolfe Research upgraded Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a research report on Thursday, June 12th. Finally, Bank of America boosted their price target on Datadog from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Twenty-four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $153.10.

Hedge Funds Weigh In On Datadog

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Putney Financial Group LLC bought a new position in shares of Datadog in the 4th quarter valued at about $32,000. Elequin Capital LP bought a new stake in Datadog during the fourth quarter worth approximately $34,000. Costello Asset Management INC purchased a new stake in Datadog during the first quarter valued at approximately $30,000. Cornerstone Planning Group LLC raised 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. Finally, Interchange Capital Partners LLC bought a new stake in shares of Datadog in the 2nd quarter valued at approximately $42,000. 78.29% of the stock is owned by hedge funds and other 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.