Datadog, Inc. (NASDAQ:DDOG) COO Sells $1,823,054.52 in Stock

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) COO Adam Blitzer sold 15,603 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $116.84, for a total value of $1,823,054.52. Following the completion of the transaction, the chief operating officer now owns 212,969 shares of the company's stock, valued at approximately $24,883,297.96. This trade represents a 6.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, June 3rd, Adam Blitzer sold 14,710 shares of Datadog stock. The stock was sold at an average price of $118.24, for a total transaction of $1,739,310.40.

Datadog Stock Up 0.5%

NASDAQ:DDOG traded up $0.62 on Friday, hitting $122.37. The stock had a trading volume of 2,236,053 shares, compared to its average volume of 4,381,067. The business's 50-day simple moving average is $104.72 and its two-hundred day simple moving average is $124.61. The stock has a market cap of $42.26 billion, a price-to-earnings ratio of 240.12, a price-to-earnings-growth ratio of 44.03 and a beta of 1.12. 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 announced its earnings results on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.04. Datadog had a net margin of 6.85% and a return on equity of 8.28%. The business had revenue of $761.55 million during the quarter, compared to analysts' expectations of $741.73 million. During the same period in the prior year, the company earned $0.44 earnings per share. The firm's revenue was up 24.6% on a year-over-year basis. As a group, equities research analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on DDOG. Cantor Fitzgerald reissued an "overweight" rating and issued a $134.00 price target on shares of Datadog in a research report on Wednesday, May 7th. Jefferies Financial Group reissued a "buy" rating on shares of Datadog in a report on Tuesday, May 6th. JMP Securities restated a "market perform" rating on shares of Datadog in a report on Friday, February 14th. Scotiabank set a $130.00 price target on shares of Datadog and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, Truist Financial reduced their price objective on shares of Datadog from $140.00 to $120.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $141.04.

Institutional Investors Weigh In On Datadog

Several hedge funds and other institutional investors have recently modified their holdings of DDOG. Allworth Financial LP lifted its position in Datadog by 7.7% during the fourth quarter. Allworth Financial LP now owns 1,043 shares of the company's stock valued at $146,000 after purchasing an additional 75 shares in the last quarter. Spire Wealth Management raised its stake in shares of Datadog by 21.4% in the fourth quarter. Spire Wealth Management now owns 453 shares of the company's stock worth $65,000 after buying an additional 80 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Datadog by 5.2% during the 4th quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company's stock valued at $265,000 after buying an additional 92 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Datadog by 16.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 663 shares of the company's stock valued at $95,000 after acquiring an additional 94 shares during the period. Finally, Emerald Advisers LLC increased its holdings in Datadog by 1.1% in the 1st quarter. Emerald Advisers LLC now owns 9,300 shares of the company's stock worth $923,000 after acquiring an additional 97 shares in the last quarter. 78.29% of the stock is currently 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.