Datadog, Inc. (NASDAQ:DDOG) CRO Sells $355,959.72 in Stock

Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters sold 3,134 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $113.58, for a total value of $355,959.72. Following the transaction, the executive now owns 199,772 shares of the company’s stock, valued at $22,690,103.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, June 3rd, Sean Michael Walters sold 8,394 shares of Datadog stock. The stock was sold at an average price of $109.45, for a total value of $918,723.30.
• On Thursday, April 11th, Sean Michael Walters sold 10,000 shares of Datadog stock. The stock was sold at an average price of $129.86, for a total value of $1,298,600.00.

Datadog Trading Down 1.4 %

NASDAQ:DDOG opened at $117.84 on Friday. The stock’s 50 day moving average price is $120.89 and its 200 day moving average price is $122.87. The company has a market capitalization of $39.42 billion, a PE ratio of 368.25, a P/E/G ratio of 46.58 and a beta of 1.09. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.34. Datadog, Inc. has a 52-week low of $77.81 and a 52-week high of $138.61.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DDOG. First National Trust Co grew its stake in shares of Datadog by 3.3% in the 1st quarter. First National Trust Co now owns 2,447 shares of the company’s stock valued at $302,000 after purchasing an additional 79 shares during the last quarter. Parsons Capital Management Inc. RI grew its stake in shares of Datadog by 1.8% in the 1st quarter. Parsons Capital Management Inc. RI now owns 4,890 shares of the company’s stock valued at $604,000 after purchasing an additional 88 shares during the last quarter. Panagora Asset Management Inc. grew its stake in shares of Datadog by 1.0% in the 4th quarter. Panagora Asset Management Inc. now owns 9,026 shares of the company’s stock valued at $1,096,000 after purchasing an additional 89 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Datadog by 17.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 639 shares of the company’s stock valued at $78,000 after purchasing an additional 97 shares during the last quarter. Finally, AM Squared Ltd grew its stake in shares of Datadog by 25.0% in the 4th quarter. AM Squared Ltd now owns 500 shares of the company’s stock valued at $61,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DDOG. Needham & Company LLC reiterated a “buy” rating and set a $165.00 price target on shares of Datadog in a report on Wednesday, May 15th. Canaccord Genuity Group restated a “buy” rating and set a $150.00 target price on shares of Datadog in a report on Friday, February 23rd. Baird R W upgraded Datadog from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 8th. JMP Securities upgraded Datadog to a “hold” rating in a report on Wednesday, May 8th. Finally, Wells Fargo & Company upgraded Datadog from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $130.00 to $150.00 in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Datadog has an average rating of “Moderate Buy” and a consensus target price of $136.04.

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.