Insider Selling: Datadog, Inc. (NASDAQ:DDOG) Director Sells $248,271.40 in Stock

Datadog, Inc. (NASDAQ:DDOG) Director Titilope Cole sold 2,210 shares of Datadog stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $112.34, for a total value of $248,271.40. Following the transaction, the director now owns 6,451 shares of the company’s stock, valued at $724,705.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Datadog Trading Down 1.4 %

Shares of Datadog stock opened at $117.84 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.43 and a quick ratio of 3.43. The stock’s 50 day simple moving average is $120.89 and its 200-day simple moving average is $122.81. The stock has a market cap of $39.42 billion, a P/E ratio of 368.25, a P/E/G ratio of 46.41 and a beta of 1.09. Datadog, Inc. has a 1-year low of $77.81 and a 1-year high of $138.61.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.20. Datadog had a return on equity of 7.48% and a net margin of 5.11%. The company had revenue of $611.25 million for the quarter, compared to analyst estimates of $589.97 million. Analysts predict that Datadog, Inc. will post 0.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Datadog

Hedge funds and other institutional investors have recently bought and sold shares of the company. Riverview Trust Co acquired a new position in Datadog in the 1st quarter valued at about $26,000. Anchor Investment Management LLC acquired a new position in Datadog in the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. acquired a new position in Datadog in the fourth quarter valued at approximately $29,000. Private Trust Co. NA increased its stake in Datadog by 743.3% during the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after acquiring an additional 223 shares during the last quarter. Finally, Jones Financial Companies Lllp acquired a new stake in Datadog during the fourth quarter worth $33,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $152.00 target price on shares of Datadog in a report on Monday, April 22nd. Bank of America upgraded shares of Datadog from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $143.00 to $155.00 in a research report on Thursday, May 30th. BMO Capital Markets lowered their target price on shares of Datadog from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Wedbush restated an “outperform” rating and issued a $155.00 price target on shares of Datadog in a research note on Monday, May 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $165.00 price target on shares of Datadog in a report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $136.04.

About Datadog

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.