Sean Michael Walters Sells 10,000 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CRO Sean Michael Walters sold 10,000 shares of the company's stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $129.86, for a total value of $1,298,600.00. Following the transaction, the executive now directly owns 162,706 shares in the company, valued at $21,129,001.16. The sale was disclosed in a filing with the SEC, which is available through this link.

Sean Michael Walters also recently made the following trade(s):

• On Wednesday, March 13th, Sean Michael Walters sold 4,237 shares of Datadog stock. The shares were sold at an average price of $125.00, for a total transaction of $529,625.00.
• On Monday, March 11th, Sean Michael Walters sold 5,650 shares of Datadog stock. The stock was sold at an average price of $120.86, for a total value of $682,859.00.
• On Monday, March 4th, Sean Michael Walters sold 20,692 shares of Datadog stock. The shares were sold at an average price of $128.58, for a total value of $2,660,577.36.
• On Wednesday, January 17th, Sean Michael Walters sold 10,006 shares of Datadog stock. The stock was sold at an average price of $125.00, for a total value of $1,250,750.00.

Datadog Trading Down 1.3 %

NASDAQ:DDOG traded down $1.69 during trading hours on Monday, hitting $125.82. The company had a trading volume of 3,845,119 shares, compared to its average volume of 4,106,722. Datadog, Inc. has a 1 year low of $62.60 and a 1 year high of $138.61. The company has a market cap of $41.76 billion, a P/E ratio of 1,048.50 and a beta of 1.16. The company has a 50-day moving average of $126.50 and a 200 day moving average of $115.18. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.37.

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

Institutional Trading of Datadog

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Anchor Investment Management LLC purchased a new position in Datadog in the fourth quarter worth approximately $25,000. Riverview Trust Co purchased a new position in shares of Datadog during the 1st quarter worth $26,000. Raleigh Capital Management Inc. acquired a new stake in shares of Datadog during the 4th quarter worth about $29,000. BluePath Capital Management LLC acquired a new stake in shares of Datadog during the 3rd quarter worth about $31,000. Finally, Private Trust Co. NA raised its holdings in Datadog by 743.3% in the 4th quarter. Private Trust Co. NA now owns 253 shares of the company's stock valued at $31,000 after buying an additional 223 shares during the period. Institutional investors and hedge funds own 78.29% of the company's stock.

Analyst Upgrades and Downgrades

DDOG has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on shares of Datadog from $100.00 to $130.00 and gave the company an "equal weight" rating in a report on Friday, February 9th. Robert W. Baird upped their price target on shares of Datadog from $120.00 to $130.00 and gave the company a "neutral" rating in a report on Wednesday, February 14th. Citigroup lifted their price objective on Datadog from $125.00 to $150.00 and gave the company a "buy" rating in a research note on Monday, January 22nd. Wolfe Research raised their target price on Datadog from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Wednesday, February 14th. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $150.00 price target on shares of Datadog in a report on Friday, February 23rd. Six equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Datadog currently has a consensus rating of "Moderate Buy" and an average price target 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.