Datadog, Inc. (NASDAQ:DDOG) Insider Sells $75,204.00 in Stock

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) insider Madre Armelle De sold 600 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $125.34, for a total transaction of $75,204.00. Following the sale, the insider now directly owns 100,353 shares in the company, valued at $12,578,245.02. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Madre Armelle De also recently made the following trade(s):

• On Tuesday, March 12th, Madre Armelle De sold 4,276 shares of Datadog stock. The shares were sold at an average price of $121.79, for a total transaction of $520,774.04.
• On Monday, March 4th, Madre Armelle De sold 12,654 shares of Datadog stock. The shares were sold at an average price of $128.58, for a total transaction of $1,627,051.32.

Datadog Trading Up 0.3 %

Shares of NASDAQ:DDOG traded up $0.38 on Wednesday, hitting $125.82. 3,279,180 shares of the company's stock were exchanged, compared to its average volume of 4,101,813. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17. The business's 50 day simple moving average is $126.64 and its two-hundred day simple moving average is $114.07. The stock has a market capitalization of $41.76 billion, a price-to-earnings ratio of 1,045.33 and a beta of 1.15. Datadog, Inc. has a 12 month low of $62.60 and a 12 month high of $138.61.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. The firm had revenue of $589.65 million during the quarter, compared to the consensus estimate of $568.73 million. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The firm's quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.08) earnings per share. Analysts anticipate that Datadog, Inc. will post -0.14 EPS for the current fiscal year.

Institutional Trading of Datadog

Several institutional investors and hedge funds have recently made changes to their positions in the company. Panagora Asset Management Inc. raised its holdings in shares of Datadog by 1.0% in the fourth quarter. Panagora Asset Management Inc. now owns 9,026 shares of the company's stock valued at $1,096,000 after acquiring an additional 89 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in Datadog by 17.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 639 shares of the company's stock valued at $78,000 after purchasing an additional 97 shares during the last quarter. AM Squared Ltd grew its stake in Datadog by 25.0% in the fourth quarter. AM Squared Ltd now owns 500 shares of the company's stock valued at $61,000 after purchasing an additional 100 shares during the last quarter. Yousif Capital Management LLC grew its stake in Datadog by 3.2% in the fourth quarter. Yousif Capital Management LLC now owns 3,183 shares of the company's stock valued at $386,000 after purchasing an additional 100 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its stake in Datadog by 5.3% in the third quarter. Sunbelt Securities Inc. now owns 2,177 shares of the company's stock valued at $198,000 after purchasing an additional 110 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DDOG shares. Truist Financial upped their target price on shares of Datadog from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, February 14th. Barclays upped their target price on shares of Datadog from $138.00 to $152.00 and gave the company an "overweight" rating in a research note on Wednesday, February 14th. Canaccord Genuity Group restated a "buy" rating and set a $150.00 target price on shares of Datadog in a research note on Friday, February 23rd. Robert W. Baird raised their target price on shares of Datadog from $120.00 to $130.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 14th. Finally, Royal Bank of Canada raised their target price on shares of Datadog from $145.00 to $151.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 14th. Six research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.33.

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.

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