Insider Selling: Datadog (NASDAQ:DDOG) COO Sells $2,940,574.80 in Stock

Key Points

• Datadog COO Adam Blitzer sold 13,812 shares for approximately $2.94 million at an average price of $212.90. The sale covered tax-withholding obligations tied to vested equity awards and reduced his direct holdings by 5.24%.
• Datadog reported stronger-than-expected quarterly results, with $0.65 in EPS versus the $0.58 consensus estimate and revenue of $1.12 billion, up 35.6% year over year.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and a $276.32 price target, while institutional investors own 78.29% of the company.

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) COO Adam Blitzer sold 13,812 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $212.90, for a total value of $2,940,574.80. Following the completion of the sale, the chief operating officer directly owned 249,959 shares of the company's stock, valued at approximately $53,216,271.10. The trade was a 5.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Datadog Stock Down 0.9%

Shares of NASDAQ:DDOG traded down $1.83 during midday trading on Friday, hitting $212.93. The stock had a trading volume of 2,493,749 shares, compared to its average volume of 5,499,505. The company has a market cap of $76.46 billion, a P/E ratio of 434.56, a PEG ratio of 20.49 and a beta of 1.49. Datadog, Inc. has a 12 month low of $98.01 and a 12 month high of $292.72. The business's 50-day simple moving average is $250.18 and its 200-day simple moving average is $193.14. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The company's quarterly revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 earnings per share. 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, sell-side analysts forecast that Datadog, Inc. will post 0.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Datadog

Large investors have recently made changes to their positions in the company. California State Teachers Retirement System lifted its holdings in Datadog by 27,002.8% during the 2nd quarter. California State Teachers Retirement System now owns 121,189,509 shares of the company's stock worth $31,552,901,000 after purchasing an additional 120,742,361 shares during the last quarter. State Street Corp grew its holdings in Datadog by 106.8% in the 3rd quarter. State Street Corp now owns 13,732,777 shares of the company's stock valued at $1,955,547,000 after buying an additional 7,091,075 shares in the last quarter. Norges Bank acquired a new position in Datadog in the 4th quarter valued at $469,461,000. Invesco Ltd. increased its position in Datadog by 119.2% during the 3rd quarter. Invesco Ltd. now owns 4,075,721 shares of the company's stock worth $580,383,000 after buying an additional 2,216,402 shares during the period. Finally, Employees Provident Fund Board acquired a new stake in shares of Datadog during the fourth quarter worth $251,582,000. Institutional investors own 78.29% of the company's stock.

Analysts Set New Price Targets

DDOG has been the subject of several recent analyst reports. Mizuho raised their target price on shares of Datadog from $220.00 to $300.00 and gave the company an "outperform" rating in a research note on Wednesday, July 15th. KeyCorp upped their price objective on Datadog from $225.00 to $320.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. Cantor Fitzgerald lifted their target price on Datadog from $226.00 to $327.00 and gave the stock an "overweight" rating in a research note on Monday, August 3rd. TD Cowen boosted their target price on Datadog from $260.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company boosted their target price on Datadog from $230.00 to $295.00 and gave the stock an "overweight" rating in a report on Monday, July 20th. 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 issued a Sell rating to the stock. According to MarketBeat.com, Datadog has a consensus rating of "Moderate Buy" and a consensus 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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