Datadog (NASDAQ:DDOG) COO Sells $2,579,420.16 in Stock

Key Points

• Datadog COO Adam Blitzer sold 12,032 shares for approximately $2.58 million at an average price of $214.38, reducing his direct position by 4.81%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Datadog shares traded around $210.23, while the company reported quarterly revenue of $1.12 billion and adjusted earnings of $0.65 per share, exceeding analyst expectations. Revenue increased 35.6% year over year.
• Wall Street maintains a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $276.32, although Goldman Sachs has a $158 sell rating. Institutional investors own approximately 78.29% of the company.

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) COO Adam Blitzer sold 12,032 shares of Datadog stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $214.38, for a total value of $2,579,420.16. Following the transaction, the chief operating officer directly owned 237,927 shares in the company, valued at approximately $51,006,790.26. This trade represents a 4.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Adam Blitzer also recently made the following trade(s):

• On Wednesday, September 2nd, Adam Blitzer sold 13,812 shares of Datadog stock. The shares were sold at an average price of $212.90, for a total value of $2,940,574.80.

Datadog Stock Performance

Shares of DDOG traded down $2.70 during mid-day trading on Tuesday, hitting $210.23. 5,201,253 shares of the company's stock were exchanged, compared to its average volume of 5,497,810. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $292.72. The business's 50 day moving average is $248.93 and its two-hundred day moving average is $194.39. The firm has a market capitalization of $75.49 billion, a P/E ratio of 429.05, a P/E/G ratio of 20.85 and a beta of 1.49.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion. Datadog had a return on equity of 5.67% and a net margin of 4.48%.The firm's revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 EPS. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. On average, equities analysts expect that Datadog, Inc. will post 0.7 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. EMC Capital Management purchased a new position in Datadog during the 2nd quarter valued at about $28,000. Cornerstone Financial Management LLC lifted its holdings in shares of Datadog by 54.9% in the second quarter. Cornerstone Financial Management LLC now owns 127 shares of the company's stock valued at $33,000 after purchasing an additional 45 shares in the last quarter. Elevation Wealth Partners LLC grew its position in shares of Datadog by 2,700.0% in the second quarter. Elevation Wealth Partners LLC now owns 168 shares of the company's stock valued at $44,000 after purchasing an additional 162 shares during the last quarter. JPL Wealth Management LLC purchased a new position in shares of Datadog during the 3rd quarter worth approximately $27,000. Finally, Continuum Advisory LLC purchased a new position in shares of Datadog during the 2nd quarter worth approximately $53,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DDOG shares. Morgan Stanley upped their price objective on shares of Datadog from $225.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 28th. Wells Fargo & Company lifted their target price on shares of Datadog from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Monday, July 20th. The Goldman Sachs Group reissued a "sell" rating and set a $158.00 price target on shares of Datadog in a report on Friday, August 7th. Daiwa Securities Group raised their price objective on shares of Datadog from $190.00 to $240.00 and gave the company a "buy" rating in a research report on Wednesday, May 13th. Finally, Barclays lifted their price objective on Datadog from $260.00 to $290.00 and gave the company an "overweight" rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Datadog currently has a consensus rating of "Moderate Buy" and an average target price of $276.32.

Datadog Company Profile

Datadog NASDAQ: DDOG is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog's platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company's product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.

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