Insider Selling: Datadog (NASDAQ:DDOG) Director Sells $1,337,863.15 in Stock

Key Points

• Michael James Callahan, a Director at Datadog, sold 8,333 shares of the company on October 14th for approximately $1.34 million, reducing his ownership by over 40%.
• Datadog's stock price fell by 5.5% during trading hours, reaching $151.17; the stock has experienced a 1-year range between $81.63 and $170.08.
• Analysts have increased their target prices for Datadog, with UBS raising its target from $165 to $189, reflecting strong ongoing interest despite recent market fluctuations.

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) Director Michael James Callahan sold 8,333 shares of Datadog stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $160.55, for a total transaction of $1,337,863.15. Following the transaction, the director owned 12,496 shares of the company's stock, valued at $2,006,232.80. The trade was a 40.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Michael James Callahan also recently made the following trade(s):

• On Monday, October 6th, Michael James Callahan sold 91,667 shares of Datadog stock. The stock was sold at an average price of $157.60, for a total value of $14,446,719.20.

Datadog Stock Down 5.5%

NASDAQ:DDOG traded down $8.85 during trading hours on Thursday, reaching $151.17. 5,319,194 shares of the company traded hands, compared to its average volume of 5,618,573. The business's 50-day moving average price is $139.58 and its two-hundred day moving average price is $126.40. The stock has a market capitalization of $52.72 billion, a P/E ratio of 431.93, a P/E/G ratio of 62.94 and a beta of 1.21. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31.

Datadog (NASDAQ:DDOG - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.05. The firm had revenue of $826.76 million for the quarter, compared to analysts' expectations of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The company's quarterly revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 earnings per share. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. Analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Hedge Funds Weigh In On Datadog

Several hedge funds and other institutional investors have recently modified their holdings of DDOG. OVERSEA CHINESE BANKING Corp Ltd increased its position in Datadog by 887.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock valued at $25,000 after acquiring an additional 22,646 shares during the last quarter. Cornerstone Planning Group LLC boosted its position in Datadog by 96.9% in the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock worth $30,000 after purchasing an additional 154 shares during the last quarter. Costello Asset Management INC bought a new stake in shares of Datadog during the 1st quarter valued at about $30,000. Center for Financial Planning Inc. increased its position in shares of Datadog by 1,189.7% during the 1st quarter. Center for Financial Planning Inc. now owns 374 shares of the company's stock valued at $37,000 after purchasing an additional 345 shares during the last quarter. Finally, Alpine Bank Wealth Management bought a new position in shares of Datadog in the 1st quarter worth approximately $39,000. 78.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DDOG has been the topic of several analyst reports. UBS Group upped their target price on shares of Datadog from $165.00 to $189.00 and gave the stock a "buy" rating in a research note on Thursday, October 9th. Stifel Nicolaus upped their price objective on Datadog from $120.00 to $135.00 and gave the company a "hold" rating in a research report on Thursday, June 26th. DA Davidson lifted their target price on Datadog from $170.00 to $180.00 and gave the stock a "buy" rating in a report on Friday, October 3rd. Citigroup boosted their price target on Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. Finally, Jefferies Financial Group increased their price objective on Datadog from $160.00 to $190.00 and gave the company a "buy" rating in a research report on Tuesday. Twenty-four analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $160.21.

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.

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