Datadog, Inc. (NASDAQ:DDOG – Get 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:DDOG – Get 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
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
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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