Insider Selling: Datadog (NASDAQ:DDOG) Director Sells 91,667 Shares of Stock

Key Points

• Michael James Callahan, a director at Datadog, sold 91,667 shares of the company's stock at an average price of $157.60, significantly reducing his ownership by 88%.
• Datadog's shares have increased by 6.2%, reaching $164.12, with a market cap of $57.24 billion.
• The company reported a 28.1% year-over-year revenue increase in its recent quarterly earnings, exceeding analysts' expectations.

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) Director Michael James Callahan sold 91,667 shares of the firm's stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $157.60, for a total value of $14,446,719.20. Following the sale, the director owned 12,496 shares of the company's stock, valued at $1,969,369.60. The trade was a 88.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Datadog Stock Up 6.2%

Shares of DDOG traded up $9.60 during midday trading on Wednesday, reaching $164.12. 7,516,742 shares of the stock were exchanged, compared to its average volume of 5,681,251. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08. The firm has a 50 day simple moving average of $136.81 and a 200-day simple moving average of $124.24. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. The company has a market cap of $57.24 billion, a price-to-earnings ratio of 468.93, a P/E/G ratio of 61.57 and a beta of 1.21.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DDOG. Jefferies Financial Group raised their price target on Datadog from $135.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Datadog in a research note on Wednesday. Wolfe Research upgraded Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a report on Thursday, June 12th. Wedbush restated an "outperform" rating and issued a $140.00 target price on shares of Datadog in a report on Wednesday, June 11th. Finally, Barclays set a $170.00 target price on Datadog and gave the stock an "overweight" rating in a report on Thursday, August 7th. Twenty-four analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Datadog has an average rating of "Moderate Buy" and an average target price of $157.61.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Datadog by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 32,153,489 shares of the company's stock worth $4,319,178,000 after buying an additional 740,457 shares during the period. Baillie Gifford & Co. increased its position in shares of Datadog by 12.6% during the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company's stock valued at $1,217,769,000 after purchasing an additional 1,369,522 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Datadog by 259.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock valued at $858,994,000 after purchasing an additional 6,250,942 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Datadog by 23.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company's stock valued at $667,611,000 after purchasing an additional 1,261,065 shares during the period. Finally, Brown Advisory Inc. increased its position in shares of Datadog by 23.3% during the second quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company's stock valued at $803,793,000 after purchasing an additional 1,130,675 shares during the period. 78.29% of the stock is owned by institutional investors.

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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