Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters Sells 11,167 Shares

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CRO Sean Michael Walters sold 11,167 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $116.84, for a total value of $1,304,752.28. Following the completion of the sale, the executive now directly owns 235,431 shares of the company's stock, valued at $27,507,758.04. The trade was a 4.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, March 11th, Sean Michael Walters sold 8,454 shares of Datadog stock. The shares were sold at an average price of $102.04, for a total value of $862,646.16.

Datadog Trading Up 0.5%

Shares of Datadog stock traded up $0.62 during mid-day trading on Friday, reaching $122.37. 2,236,053 shares of the stock were exchanged, compared to its average volume of 4,381,067. The company 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 fifty-two week low of $81.63 and a fifty-two week high of $170.08. The firm has a 50-day simple moving average of $104.72 and a 200 day simple moving average of $124.61.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.04. The firm had revenue of $761.55 million during the quarter, compared to analysts' expectations of $741.73 million. Datadog had a return on equity of 8.28% and a net margin of 6.85%. The business's revenue was up 24.6% on a year-over-year basis. During the same period last year, the firm posted $0.44 EPS. On average, research analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DDOG. Needham & Company LLC lowered their price objective on shares of Datadog from $160.00 to $130.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Datadog in a research note on Tuesday, May 6th. Cantor Fitzgerald reissued an "overweight" rating and issued a $134.00 price objective on shares of Datadog in a research note on Wednesday, May 7th. Royal Bank of Canada restated an "outperform" rating and set a $119.00 target price on shares of Datadog in a report on Wednesday, May 7th. Finally, DA Davidson lifted their price target on Datadog from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Seven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.04.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Putney Financial Group LLC bought a new position in Datadog in the 4th quarter worth approximately $32,000. Elequin Capital LP acquired a new stake in shares of Datadog in the 4th quarter valued at $34,000. Coppell Advisory Solutions LLC raised its position in shares of Datadog by 178.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company's stock worth $40,000 after acquiring an additional 177 shares during the last quarter. Costello Asset Management INC acquired a new position in shares of Datadog during the first quarter valued at $30,000. Finally, Summit Securities Group LLC bought a new position in Datadog in the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 78.29% of the company's stock.

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.