Insider Selling: Datadog, Inc. (NASDAQ:DDOG) CFO Sells $1,954,200.00 in Stock

Datadog, Inc. (NASDAQ:DDOG) CFO David M. Obstler sold 15,000 shares of Datadog stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $130.28, for a total value of $1,954,200.00. Following the completion of the transaction, the chief financial officer now directly owns 275,191 shares of the company’s stock, valued at $35,851,883.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Datadog Stock Down 2.7 %

DDOG stock opened at $123.55 on Thursday. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $41.00 billion, a PE ratio of 1,029.58 and a beta of 1.15. Datadog, Inc. has a 1-year low of $62.60 and a 1-year high of $138.61. The business’s 50 day simple moving average is $126.31 and its 200 day simple moving average is $115.49.

Datadog (NASDAQ:DDOG) last posted its earnings results on Tuesday, February 13th. The company reported $0.44 EPS 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 business’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period last year, the company earned ($0.08) earnings per share. As a group, research analysts anticipate that Datadog, Inc. will post -0.14 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on DDOG. Canaccord Genuity Group reiterated a “buy” rating and issued a $150.00 price objective on shares of Datadog in a research report on Friday, February 23rd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $150.00 price objective on shares of Datadog in a research report on Wednesday. Citigroup lifted their price objective on Datadog from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Royal Bank of Canada boosted their target price on Datadog from $145.00 to $151.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. Finally, Truist Financial boosted their target price on Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Six equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.52.

Institutional Investors Weigh In On Datadog

Several institutional investors and hedge funds have recently made changes to their positions in the stock. OneAscent Financial Services LLC increased its stake in shares of Datadog by 63.1% in the first quarter. OneAscent Financial Services LLC now owns 3,517 shares of the company’s stock valued at $435,000 after buying an additional 1,361 shares during the period. Capital Insight Partners LLC grew its stake in Datadog by 42.0% in the first quarter. Capital Insight Partners LLC now owns 4,514 shares of the company’s stock valued at $558,000 after acquiring an additional 1,336 shares during the period. Artemis Investment Management LLP acquired a new stake in Datadog in the first quarter valued at approximately $20,265,000. Wealth Enhancement Advisory Services LLC grew its stake in Datadog by 9.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,807 shares of the company’s stock valued at $1,212,000 after acquiring an additional 831 shares during the period. Finally, TrueMark Investments LLC boosted its position in shares of Datadog by 13.5% during the first quarter. TrueMark Investments LLC now owns 16,026 shares of the company’s stock valued at $1,981,000 after buying an additional 1,911 shares during the last quarter. 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.