Sean Michael Walters Sells 10,000 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters sold 10,000 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $129.86, for a total transaction of $1,298,600.00. Following the transaction, the executive now directly owns 162,706 shares in the company, valued at $21,129,001.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Sean Michael Walters also recently made the following trade(s):

• On Wednesday, March 13th, Sean Michael Walters sold 4,237 shares of Datadog stock. The stock was sold at an average price of $125.00, for a total value of $529,625.00.
• On Monday, March 11th, Sean Michael Walters sold 5,650 shares of Datadog stock. The stock was sold at an average price of $120.86, for a total value of $682,859.00.
• On Monday, March 4th, Sean Michael Walters sold 20,692 shares of Datadog stock. The stock was sold at an average price of $128.58, for a total transaction of $2,660,577.36.
• On Wednesday, January 17th, Sean Michael Walters sold 10,006 shares of Datadog stock. The shares were sold at an average price of $125.00, for a total transaction of $1,250,750.00.

Datadog Price Performance

DDOG stock opened at $126.95 on Wednesday. The company’s 50-day moving average is $126.45 and its 200-day moving average is $115.43. Datadog, Inc. has a 1 year low of $62.60 and a 1 year high of $138.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17. The stock has a market capitalization of $42.13 billion, a PE ratio of 1,057.92 and a beta of 1.16.

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

Wall Street Analysts Forecast Growth

DDOG has been the topic of a number of research analyst reports. Needham & Company LLC raised their target price on Datadog from $125.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Robert W. Baird lifted their target price on Datadog from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Wolfe Research boosted their target price on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Citigroup raised their price target on shares of Datadog from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, William Blair reaffirmed an “outperform” rating on shares of Datadog in a report on Friday, February 16th. Six research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.33.

Institutional Investors Weigh In On Datadog

Several hedge funds and other institutional investors have recently made changes to their positions in DDOG. Massachusetts Financial Services Co. MA bought a new stake in Datadog during the 3rd quarter worth approximately $189,668,000. Quintet Private Bank Europe S.A. purchased a new stake in shares of Datadog in the third quarter valued at about $270,000. Mengis Capital Management Inc. purchased a new stake in Datadog in the 3rd quarter valued at about $409,000. Bank of New York Mellon Corp lifted its holdings in Datadog by 2.5% during the third quarter. Bank of New York Mellon Corp now owns 1,378,534 shares of the company’s stock worth $125,571,000 after acquiring an additional 33,748 shares during the period. Finally, Cercano Management LLC boosted its holdings in shares of Datadog by 40.4% in the 3rd quarter. Cercano Management LLC now owns 309,560 shares of the company’s stock worth $28,198,000 after buying an additional 89,019 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Datadog Company Profile

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.