David M. Obstler Sells 15,000 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOGGet Rating) CFO David M. Obstler sold 15,000 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $105.25, for a total transaction of $1,578,750.00. Following the sale, the chief financial officer now directly owns 209,810 shares of the company’s stock, valued at approximately $22,082,502.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Datadog Price Performance

Shares of Datadog stock opened at $112.42 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.33 and a quick ratio of 3.33. The business’s 50 day simple moving average is $98.09 and its two-hundred day simple moving average is $121.99. The stock has a market capitalization of $35.41 billion, a P/E ratio of -11,242,000.00 and a beta of 1.15. Datadog, Inc. has a one year low of $81.12 and a one year high of $199.68.

Datadog (NASDAQ:DDOGGet Rating) last posted its earnings results on Thursday, May 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.10. Datadog had a return on equity of 1.53% and a net margin of 0.17%. The firm had revenue of $363.03 million for the quarter, compared to analysts’ expectations of $337.81 million. During the same period in the previous year, the firm earned ($0.03) earnings per share. The business’s revenue was up 82.8% compared to the same quarter last year. Analysts forecast that Datadog, Inc. will post -0.14 EPS for the current year.

Institutional Investors Weigh In On Datadog

Several hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its position in shares of Datadog by 32.2% during the second quarter. Envestnet Asset Management Inc. now owns 141,964 shares of the company’s stock valued at $13,521,000 after purchasing an additional 34,564 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Datadog by 3,028.1% during the second quarter. CIBC Private Wealth Group LLC now owns 55,367 shares of the company’s stock valued at $5,274,000 after purchasing an additional 53,597 shares in the last quarter. LGT Group Foundation boosted its position in shares of Datadog by 29.4% during the second quarter. LGT Group Foundation now owns 104,070 shares of the company’s stock valued at $9,912,000 after purchasing an additional 23,633 shares in the last quarter. AE Wealth Management LLC boosted its position in shares of Datadog by 241.4% during the second quarter. AE Wealth Management LLC now owns 6,562 shares of the company’s stock valued at $625,000 after purchasing an additional 4,640 shares in the last quarter. Finally, LGT Fund Management Co Ltd. boosted its position in shares of Datadog by 69.9% during the second quarter. LGT Fund Management Co Ltd. now owns 43,979 shares of the company’s stock valued at $4,189,000 after purchasing an additional 18,090 shares in the last quarter. 65.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DDOG shares. Morgan Stanley cut their price objective on shares of Datadog from $159.00 to $155.00 and set an “overweight” rating for the company in a research report on Monday, July 11th. Rosenblatt Securities lowered their target price on Datadog from $180.00 to $146.00 and set a “buy” rating for the company in a research note on Friday, July 29th. Canaccord Genuity Group began coverage on Datadog in a research note on Thursday, July 7th. They set a “hold” rating and a $120.00 target price for the company. Citigroup lowered their price objective on Datadog from $195.00 to $175.00 and set a “maintains” rating for the company in a research note on Friday, July 22nd. Finally, Mizuho lowered their price objective on Datadog from $175.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, July 19th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.45.

Datadog Company Profile

(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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