Insider Selling: Datadog, Inc. (NASDAQ:DDOG) CFO Sells 20,000 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CFO David M. Obstler sold 20,000 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $125.25, for a total value of $2,505,000.00. Following the completion of the transaction, the chief financial officer now owns 399,270 shares of the company's stock, valued at $50,008,567.50. This represents a 4.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Datadog Stock Up 4.2%

Shares of NASDAQ:DDOG traded up $5.20 during mid-day trading on Thursday, hitting $130.04. 7,580,407 shares of the company traded hands, compared to its average volume of 4,425,906. The stock has a market cap of $44.91 billion, a P/E ratio of 282.70, a P/E/G ratio of 72.08 and a beta of 1.01. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.34. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08. The stock has a 50-day moving average price of $109.91 and a two-hundred day moving average price of $123.00.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.04. Datadog had a return on equity of 6.39% and a net margin of 5.85%. The business had revenue of $761.55 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. On average, equities research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DDOG. Brighton Jones LLC purchased a new position in Datadog in the fourth quarter worth $209,000. Van ECK Associates Corp purchased a new position in Datadog in the fourth quarter worth $182,000. Blue Trust Inc. boosted its position in Datadog by 354.7% in the fourth quarter. Blue Trust Inc. now owns 2,451 shares of the company's stock worth $350,000 after purchasing an additional 1,912 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its position in Datadog by 2.8% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 4,771 shares of the company's stock worth $682,000 after purchasing an additional 130 shares during the last quarter. Finally, Principal Securities Inc. boosted its position in Datadog by 32.1% in the fourth quarter. Principal Securities Inc. now owns 8,260 shares of the company's stock worth $1,180,000 after purchasing an additional 2,009 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DDOG shares. Jefferies Financial Group restated a "buy" rating on shares of Datadog in a research report on Tuesday, May 6th. Stifel Nicolaus set a $120.00 price objective on Datadog in a research report on Tuesday, May 6th. Wells Fargo & Company lowered their price objective on Datadog from $140.00 to $115.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 7th. Wedbush restated an "outperform" rating and set a $140.00 price objective on shares of Datadog in a research report on Wednesday, June 11th. Finally, Canaccord Genuity Group lowered their price objective on Datadog from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Six analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $142.52.

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.