David M. Obstler Sells 20,000 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CFO David M. Obstler sold 20,000 shares of the company's 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 sale, the chief financial officer now owns 399,270 shares in the company, valued at $50,008,567.50. This trade represents a 4.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Datadog Stock Down 2.0%

DDOG stock traded down $2.54 during midday trading on Friday, reaching $127.50. 5,223,224 shares of the company's stock traded hands, compared to its average volume of 4,431,602. The company has a market cap of $44.03 billion, a price-to-earnings ratio of 277.18, a P/E/G ratio of 70.67 and a beta of 1.01. The firm's fifty day moving average price is $111.36 and its 200-day moving average price is $122.35. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.34. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.42 by $0.04. Datadog had a net margin of 5.85% and a return on equity of 6.39%. The business had revenue of $761.55 million for the quarter, compared to the consensus estimate of $741.73 million. During the same period in the prior year, the firm earned $0.44 earnings per share. The company's revenue was up 24.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DDOG has been the topic of a number of analyst reports. Scotiabank set a $130.00 price target on Datadog and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Truist Financial reduced their price target on Datadog from $140.00 to $120.00 and set a "hold" rating on the stock in a research report on Monday, March 31st. Bank of America upped their price target on Datadog from $138.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday. Wells Fargo & Company reduced their price target on Datadog from $140.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 7th. Finally, DA Davidson upped their target price on Datadog from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Six equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $142.52.

Institutional Investors Weigh In On Datadog

Institutional investors and hedge funds have recently bought and sold shares of the stock. OVERSEA CHINESE BANKING Corp Ltd raised its stake in Datadog by 887.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock valued at $25,000 after purchasing an additional 22,646 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in Datadog by 96.9% in 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 in the last quarter. Costello Asset Management INC purchased a new stake in Datadog in the first quarter valued at approximately $30,000. Putney Financial Group LLC purchased a new stake in Datadog in the fourth quarter valued at approximately $32,000. Finally, Elequin Capital LP purchased a new stake in Datadog in the fourth quarter valued at approximately $34,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Company Profile

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.