Insider Selling: Datadog, Inc. (NASDAQ:DDOG) CFO Sells 15,000 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) CFO David M. Obstler sold 15,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $130.28, for a total value of $1,954,200.00. Following the completion of the sale, the chief financial officer now directly owns 275,191 shares of the company’s stock, valued at $35,851,883.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Datadog Trading Up 0.9 %

Shares of DDOG opened at $126.95 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17. Datadog, Inc. has a 52-week low of $62.60 and a 52-week high of $138.61. The firm has a market cap of $42.13 billion, a price-to-earnings ratio of 1,057.92 and a beta of 1.16. The business’s fifty day moving average is $126.45 and its 200-day moving average is $115.43.

Datadog (NASDAQ:DDOG) last released its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $589.65 million for the quarter, compared to analysts’ expectations of $568.73 million. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The business’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.08) earnings per share. Equities analysts anticipate that Datadog, Inc. will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Datadog

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Datadog by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 27,259,414 shares of the company’s stock worth $3,308,748,000 after buying an additional 734,539 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Datadog by 10.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,985,810 shares of the company’s stock worth $733,957,000 after purchasing an additional 929,566 shares in the last quarter. Sands Capital Management LLC raised its position in Datadog by 3.7% in the fourth quarter. Sands Capital Management LLC now owns 4,564,776 shares of the company’s stock valued at $554,073,000 after purchasing an additional 162,108 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Datadog by 3.2% during the first quarter. Geode Capital Management LLC now owns 3,610,972 shares of the company’s stock valued at $262,001,000 after purchasing an additional 111,651 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Datadog during the fourth quarter worth about $384,986,000. Institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

DDOG has been the subject of several recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of Datadog in a research note on Friday, February 16th. Citigroup boosted their target price on Datadog from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Barclays increased their price target on Datadog from $138.00 to $152.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. Mizuho lifted their price objective on Datadog from $108.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Finally, Needham & Company LLC boosted their price objective on Datadog from $125.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Six research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $130.33.

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.