Insider Selling: Datadog, Inc. (NASDAQ:DDOG) Insider Sells 1,749 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) insider Madre Armelle De sold 1,749 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $125.00, for a total value of $218,625.00. Following the completion of the transaction, the insider now owns 92,025 shares of the company’s stock, valued at approximately $11,503,125. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Madre Armelle De also recently made the following trade(s):

• On Friday, June 7th, Madre Armelle De sold 1,749 shares of Datadog stock. The shares were sold at an average price of $109.44, for a total value of $191,410.56.
• On Monday, June 3rd, Madre Armelle De sold 4,442 shares of Datadog stock. The shares were sold at an average price of $109.45, for a total value of $486,176.90.
• On Thursday, May 23rd, Madre Armelle De sold 300 shares of Datadog stock. The shares were sold at an average price of $125.00, for a total value of $37,500.00.
• On Tuesday, May 7th, Madre Armelle De sold 300 shares of Datadog stock. The shares were sold at an average price of $113.37, for a total value of $34,011.00.
• On Monday, April 8th, Madre Armelle De sold 600 shares of Datadog stock. The shares were sold at an average price of $125.34, for a total value of $75,204.00.

Datadog Trading Up 0.6 %

Shares of DDOG stock traded up $0.81 during trading hours on Monday, reaching $130.50. The company’s stock had a trading volume of 3,935,400 shares, compared to its average volume of 4,148,527. The stock has a market capitalization of $43.65 billion, a P/E ratio of 407.81, a P/E/G ratio of 42.70 and a beta of 1.09. Datadog, Inc. has a one year low of $77.81 and a one year high of $138.61. The firm’s fifty day simple moving average is $119.81 and its 200 day simple moving average is $123.21. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.34.

Datadog (NASDAQ:DDOG) last issued 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. The firm had revenue of $611.25 million for the quarter, compared to analyst estimates of $589.97 million. Datadog had a return on equity of 7.48% and a net margin of 5.11%. Equities research analysts expect that Datadog, Inc. will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DDOG. Wells Fargo & Company raised Datadog from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $130.00 to $150.00 in a report on Tuesday, April 23rd. BMO Capital Markets dropped their price objective on Datadog from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. JMP Securities raised Datadog to a “hold” rating in a report on Wednesday, May 8th. Wedbush reissued an “outperform” rating and set a $155.00 price objective on shares of Datadog in a report on Wednesday, June 26th. Finally, Robert W. Baird raised Datadog from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $130.00 to $140.00 in a report on Wednesday, May 8th. 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $136.04.

Institutional Investors Weigh In On Datadog

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Datadog by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 27,431,107 shares of the company’s stock worth $3,390,485,000 after buying an additional 171,693 shares during the last quarter. Sands Capital Management LLC lifted its stake in shares of Datadog by 3.7% in the 4th quarter. Sands Capital Management LLC now owns 4,564,776 shares of the company’s stock valued at $554,073,000 after purchasing an additional 162,108 shares during the period. Norges Bank purchased a new position in shares of Datadog in the 4th quarter valued at approximately $384,986,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Datadog by 31.3% in 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 during the period. Finally, 1832 Asset Management L.P. lifted its stake in shares of Datadog by 47.9% in the 4th quarter. 1832 Asset Management L.P. now owns 2,619,500 shares of the company’s stock valued at $317,955,000 after purchasing an additional 848,000 shares during the period. 78.29% of the stock is currently owned by institutional investors.

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.