Datadog, Inc. (NASDAQ:DDOG) Director Julie Richardson Sells 3,906 Shares

Datadog, Inc. (NASDAQ:DDOGGet Rating) Director Julie Richardson sold 3,906 shares of the business’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $88.51, for a total transaction of $345,720.06. Following the transaction, the director now owns 3,932 shares in the company, valued at $348,021.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Julie Richardson also recently made the following trade(s):

  • On Monday, May 16th, Julie Richardson sold 3,906 shares of Datadog stock. The shares were sold at an average price of $99.81, for a total transaction of $389,857.86.
  • On Monday, April 18th, Julie Richardson sold 3,906 shares of Datadog stock. The shares were sold at an average price of $130.53, for a total transaction of $509,850.18.

Shares of DDOG traded up $3.64 during mid-day trading on Friday, hitting $85.63. The company’s stock had a trading volume of 5,873,298 shares, compared to its average volume of 5,124,708. The firm has a 50-day moving average price of $108.91 and a 200 day moving average price of $137.88. The stock has a market capitalization of $26.97 billion, a price-to-earnings ratio of -8,559,000.00 and a beta of 1.28. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.33 and a quick ratio of 3.33. Datadog, Inc. has a fifty-two week low of $81.12 and a fifty-two week high of $199.68.

Datadog (NASDAQ:DDOGGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.13. Datadog had a net margin of 0.17% and a return on equity of 1.53%. The company had revenue of $363.03 million for the quarter, compared to analysts’ expectations of $337.81 million. During the same quarter in the previous year, the company posted ($0.03) EPS. The business’s revenue was up 82.8% compared to the same quarter last year. As a group, equities analysts anticipate that Datadog, Inc. will post -0.14 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on the stock. Monness Crespi & Hardt dropped their price objective on shares of Datadog from $228.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, May 6th. Rosenblatt Securities lowered their price target on shares of Datadog from $195.00 to $180.00 in a report on Monday, May 2nd. Truist Financial reduced their price objective on shares of Datadog from $200.00 to $170.00 in a research note on Friday, May 6th. Royal Bank of Canada reduced their price target on shares of Datadog from $225.00 to $167.00 in a research report on Monday, May 2nd. Finally, Jefferies Financial Group reduced their price target on shares of Datadog from $170.00 to $125.00 in a research report on Monday, May 23rd. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $171.40.

Several institutional investors and hedge funds have recently made changes to their positions in the business. NEXT Financial Group Inc boosted its holdings in shares of Datadog by 51.8% in the fourth quarter. NEXT Financial Group Inc now owns 252 shares of the company’s stock worth $45,000 after buying an additional 86 shares during the period. ARK Investment Management LLC boosted its holdings in shares of Datadog by 8.0% in the first quarter. ARK Investment Management LLC now owns 1,187 shares of the company’s stock worth $180,000 after buying an additional 88 shares during the period. Winch Advisory Services LLC boosted its holdings in shares of Datadog by 44.4% during the first quarter. Winch Advisory Services LLC now owns 312 shares of the company’s stock worth $47,000 after purchasing an additional 96 shares during the period. We Are One Seven LLC boosted its holdings in shares of Datadog by 6.5% during the fourth quarter. We Are One Seven LLC now owns 1,633 shares of the company’s stock worth $291,000 after purchasing an additional 99 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of Datadog by 5.3% during the fourth quarter. Cetera Investment Advisers now owns 2,133 shares of the company’s stock worth $380,000 after purchasing an additional 108 shares during the period. Institutional investors own 65.17% of the company’s stock.

About Datadog (Get Rating)

Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of its customers technology stack.

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