Shardul Shah Sells 7,916 Shares of Datadog (NASDAQ:DDOG) Stock

Key Points

• Shardul Shah, a director at Datadog, sold 7,916 shares of the company for approximately $1.09 million, reducing his ownership to 372,365 shares.
• The company's recent earnings report revealed a quarterly revenue of $826.76 million, exceeding analyst estimates and showing a 28.1% year-over-year revenue growth.
• Analysts have mixed ratings for Datadog, with an average price target of $153.10, reflecting a combination of "buy," "hold," and "sell" ratings across various firms.

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) Director Shardul Shah sold 7,916 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $137.78, for a total value of $1,090,666.48. Following the completion of the transaction, the director directly owned 372,365 shares in the company, valued at $51,304,449.70. This represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shardul Shah also recently made the following trade(s):

• On Tuesday, July 15th, Shardul Shah sold 7,924 shares of Datadog stock. The shares were sold at an average price of $140.80, for a total value of $1,115,699.20.

Datadog Stock Performance

NASDAQ DDOG traded down $4.06 during mid-day trading on Tuesday, reaching $134.59. 5,103,321 shares of the stock were exchanged, compared to its average volume of 4,218,396. The business's 50 day moving average is $137.08 and its 200-day moving average is $120.23. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08. The company has a market capitalization of $46.94 billion, a P/E ratio of 330.12, a P/E/G ratio of 54.59 and a beta of 1.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.05. The business had revenue of $826.76 million for the quarter, compared to analyst estimates of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The company's revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter last year, the business earned $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. On average, equities research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

DDOG has been the subject of several analyst reports. Guggenheim reiterated a "sell" rating and issued a $105.00 price objective on shares of Datadog in a research report on Tuesday, July 8th. Monness Crespi & Hardt raised their price objective on Datadog from $160.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Citigroup raised their price objective on Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Morgan Stanley boosted their price target on shares of Datadog from $115.00 to $165.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Finally, DA Davidson set a $160.00 price objective on shares of Datadog and gave the stock a "buy" rating in a report on Tuesday, August 5th. Twenty-four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $153.10.

Hedge Funds Weigh In On Datadog

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Centaurus Financial Inc. acquired a new position in shares of Datadog in the second quarter worth $139,000. Orion Porfolio Solutions LLC increased its stake in shares of Datadog by 12.0% during the second quarter. Orion Porfolio Solutions LLC now owns 16,927 shares of the company's stock worth $2,274,000 after buying an additional 1,818 shares during the period. Forefront Wealth Partners LLC acquired a new stake in shares of Datadog in the 2nd quarter valued at $221,000. Advisory Services Network LLC raised its holdings in shares of Datadog by 34.7% in the 2nd quarter. Advisory Services Network LLC now owns 2,858 shares of the company's stock valued at $400,000 after purchasing an additional 737 shares in the last quarter. Finally, Campbell Capital Management Inc. acquired a new position in shares of Datadog during the second quarter worth $6,045,000. Hedge funds and other institutional investors 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.

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