Datadog, Inc. (NASDAQ:DDOG) Director Matthew Jacobson Sells 18,415 Shares

Datadog, Inc. (NASDAQ:DDOG) Director Matthew Jacobson sold 18,415 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $119.52, for a total transaction of $2,200,960.80. Following the completion of the sale, the director now owns 44,387 shares of the company’s stock, valued at approximately $5,305,134.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Datadog Trading Down 0.6 %

Shares of DDOG traded down $0.67 during trading hours on Monday, hitting $117.17. The company had a trading volume of 3,645,256 shares, compared to its average volume of 4,162,501. The firm has a market cap of $39.19 billion, a P/E ratio of 359.78, a P/E/G ratio of 45.91 and a beta of 1.10. Datadog, Inc. has a 52-week low of $77.81 and a 52-week high of $138.61. The stock’s 50 day moving average price is $120.89 and its 200 day moving average price is $122.92. 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 (NASDAQ:DDOG) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.20. Datadog had a return on equity of 7.48% and a net margin of 5.11%. The firm had revenue of $611.25 million during the quarter, compared to the consensus estimate of $589.97 million. On average, research analysts predict that Datadog, Inc. will post 0.27 EPS for the current year.

Hedge Funds Weigh In On Datadog

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Datadog by 0.6% during the first quarter. Vanguard Group Inc. now owns 27,431,107 shares of the company’s stock valued at $3,390,485,000 after acquiring an additional 171,693 shares in the last quarter. Sands Capital Management LLC raised its holdings in Datadog by 3.7% in the 4th quarter. Sands Capital Management LLC now owns 4,564,776 shares of the company’s stock worth $554,073,000 after purchasing an additional 162,108 shares in the last quarter. Norges Bank purchased a new stake in shares of Datadog in the 4th quarter worth about $384,986,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Datadog by 31.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,733,448 shares of the company’s stock valued at $331,786,000 after purchasing an additional 651,244 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its position in shares of Datadog by 47.9% during the fourth quarter. 1832 Asset Management L.P. now owns 2,619,500 shares of the company’s stock valued at $317,955,000 after buying an additional 848,000 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on DDOG. Canaccord Genuity Group reissued a “buy” rating and set a $150.00 price objective on shares of Datadog in a report on Friday, February 23rd. Barclays cut their price target on Datadog from $152.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. Cantor Fitzgerald reissued an “overweight” rating and set a $150.00 price objective on shares of Datadog in a report on Wednesday, April 17th. Stifel Nicolaus reaffirmed a “buy” rating and set a $152.00 target price on shares of Datadog in a report on Monday, April 22nd. Finally, Bank of America raised shares of Datadog from a “neutral” rating to a “buy” rating and increased their price target for the stock from $143.00 to $155.00 in a report on Thursday, May 30th. One investment 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.