Insider Selling: Datadog, Inc. (NASDAQ:DDOG) Director Sells 7,916 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $126.67, for a total transaction of $1,002,719.72. Following the completion of the sale, the director now directly owns 451,533 shares of the company’s stock, valued at $57,195,685.11. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shardul Shah also recently made the following trade(s):

• On Friday, October 4th, Shardul Shah sold 15,832 shares of Datadog stock. The stock was sold at an average price of $120.02, for a total transaction of $1,900,156.64.

Datadog Trading Up 0.2 %

DDOG stock traded up $0.22 during trading on Thursday, reaching $126.22. The stock had a trading volume of 2,505,662 shares, compared to its average volume of 3,804,784. Datadog, Inc. has a 1-year low of $77.81 and a 1-year high of $138.61. The company has a market capitalization of $42.22 billion, a P/E ratio of 396.00, a PEG ratio of 22.85 and a beta of 1.11. The firm has a fifty day moving average price of $116.02 and a 200 day moving average price of $119.37.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, August 8th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The business had revenue of $645.28 million for the quarter, compared to analyst estimates of $624.92 million. Datadog had a net margin of 6.81% and a return on equity of 9.01%. The company’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 EPS. Sell-side analysts predict that Datadog, Inc. will post 0.42 EPS for the current year.

Institutional Investors Weigh In On Datadog

A number of institutional investors have recently modified their holdings of DDOG. Riverview Trust Co acquired a new stake in shares of Datadog in the 1st quarter valued at about $26,000. SouthState Corp acquired a new stake in shares of Datadog in the 2nd quarter valued at about $26,000. Blue Trust Inc. bought a new stake in shares of Datadog during the 2nd quarter valued at about $37,000. EverSource Wealth Advisors LLC grew its position in shares of Datadog by 70.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock valued at $39,000 after buying an additional 127 shares during the last quarter. Finally, American National Bank & Trust bought a new stake in shares of Datadog during the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on DDOG shares. Scotiabank lowered their target price on shares of Datadog from $145.00 to $135.00 and set a “sector outperform” rating for the company in a research note on Friday, August 9th. Wedbush reissued an “outperform” rating and set a $155.00 price objective on shares of Datadog in a research note on Friday, August 9th. BMO Capital Markets lowered their price objective on shares of Datadog from $140.00 to $132.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Cantor Fitzgerald reissued an “overweight” rating and set a $150.00 price objective on shares of Datadog in a research note on Monday, July 22nd. Finally, Monness Crespi & Hardt raised shares of Datadog from a “sell” rating to a “neutral” rating in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.19.

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.