Datadog (NASDAQ:DDOG) General Counsel Kerry Acocella Sells 5,142 Shares

Key Points

• Kerry Acocella, General Counsel of Datadog, sold 5,142 shares of the company's stock on September 2nd for a total of $688,256.70, reducing their ownership by 5.02%.
• Datadog's stock price has recently declined, with a trading value of $132.60, down $2.09, amid a market cap of $46.24 billion.
• In its latest earnings report, Datadog reported $0.46 earnings per share (EPS) for the quarter, exceeding estimates, and a revenue of $826.76 million, a 28.1% increase year-over-year.

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) General Counsel Kerry Acocella sold 5,142 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $133.85, for a total transaction of $688,256.70. Following the completion of the sale, the general counsel owned 97,377 shares in the company, valued at $13,033,911.45. This represents a 5.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, August 29th, Kerry Acocella sold 12,971 shares of Datadog stock. The shares were sold at an average price of $139.96, for a total transaction of $1,815,421.16.

Datadog Price Performance

DDOG stock traded down $2.09 on Wednesday, reaching $132.60. The company had a trading volume of 3,717,901 shares, compared to its average volume of 5,855,175. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08. The company's fifty day moving average is $137.64 and its 200 day moving average is $119.27. The company has a market cap of $46.24 billion, a P/E ratio of 378.87, a PEG ratio of 56.37 and a beta of 1.10.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on DDOG. DA Davidson set a $160.00 price objective on shares of Datadog and gave the stock a "buy" rating in a report on Tuesday, August 5th. UBS Group set a $165.00 price objective on Datadog and gave the stock a "buy" rating in a research note on Thursday, August 7th. Canaccord Genuity Group boosted their target price on shares of Datadog from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Datadog in a research report on Friday, August 8th. Finally, Citigroup upped their target price on shares of Datadog from $165.00 to $170.00 and gave the company a "buy" rating in a research note on Monday, August 18th. Twenty-four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Datadog presently has a consensus rating of "Moderate Buy" and an average target price of $153.10.

Institutional Trading of Datadog

A number of institutional investors and hedge funds have recently made changes to their positions in DDOG. Goldman Sachs Group Inc. increased its position in Datadog by 259.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock worth $858,994,000 after buying an additional 6,250,942 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Datadog by 17,477.2% in the 4th quarter. Janus Henderson Group PLC now owns 4,016,558 shares of the company's stock worth $573,923,000 after acquiring an additional 3,993,707 shares during the period. Norges Bank acquired a new stake in shares of Datadog in the second quarter valued at approximately $347,728,000. Brown Advisory Inc. increased its stake in shares of Datadog by 76.5% in the first quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company's stock valued at $481,467,000 after purchasing an additional 2,103,838 shares during the period. Finally, Dragoneer Investment Group LLC raised its holdings in shares of Datadog by 729.5% during the second quarter. Dragoneer Investment Group LLC now owns 2,254,563 shares of the company's stock valued at $302,855,000 after buying an additional 1,982,763 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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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