Madre Armelle De Sells 6,543 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG – Get Rating) insider Madre Armelle De sold 6,543 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $90.00, for a total value of $588,870.00. Following the transaction, the insider now owns 109,650 shares in the company, valued at $9,868,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, March 2nd, Madre Armelle De sold 7,404 shares of Datadog stock. The shares were sold at an average price of $73.69, for a total value of $545,600.76.

Datadog Stock Performance

Datadog stock opened at $92.09 on Friday. The stock has a 50-day simple moving average of $71.69 and a 200 day simple moving average of $73.87. The stock has a market capitalization of $29.64 billion, a price-to-earnings ratio of -341.07 and a beta of 0.97. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.49. Datadog, Inc. has a 12-month low of $61.34 and a 12-month high of $120.75.

Datadog (NASDAQ:DDOG – Get Rating) last announced its earnings results on Thursday, May 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). Datadog had a negative return on equity of 4.86% and a negative net margin of 4.68%. The company had revenue of $481.71 million for the quarter, compared to analyst estimates of $468.29 million. On average, research analysts anticipate that Datadog, Inc. will post -0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DDOG has been the topic of several analyst reports. Bank of America lowered their price target on Datadog from $120.00 to $110.00 in a report on Tuesday, February 21st. Raymond James cut their target price on shares of Datadog from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, February 17th. The Goldman Sachs Group lowered their price target on Datadog from $128.00 to $114.00 and set a “buy” rating on the stock in a research report on Friday, February 17th. Royal Bank of Canada decreased their target price on Datadog from $100.00 to $85.00 in a research note on Monday, May 1st. Finally, Robert W. Baird dropped their price target on Datadog from $100.00 to $80.00 in a research report on Tuesday, May 2nd. Seven research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $102.28.

Institutional Investors Weigh In On Datadog

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Centaurus Financial Inc. acquired a new stake in Datadog in the first quarter worth about $152,000. Advisory Services Network LLC raised its stake in shares of Datadog by 10.4% during the first quarter. Advisory Services Network LLC now owns 19,696 shares of the company’s stock worth $1,431,000 after buying an additional 1,854 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Datadog by 44.8% in the first quarter. Rockefeller Capital Management L.P. now owns 11,224 shares of the company’s stock valued at $814,000 after buying an additional 3,472 shares during the period. Ilmarinen Mutual Pension Insurance Co boosted its stake in Datadog by 25.0% in the first quarter. Ilmarinen Mutual Pension Insurance Co now owns 50,000 shares of the company’s stock valued at $3,633,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in Datadog during the 1st quarter worth $75,000. Institutional investors own 70.93% of the company’s stock.

Datadog Company Profile

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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.