David M. Obstler Sells 10,745 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOGGet Free Report) CFO David M. Obstler sold 10,745 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $109.45, for a total transaction of $1,176,040.25. Following the completion of the sale, the chief financial officer now directly owns 325,028 shares in the company, valued at $35,574,314.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Datadog Stock Performance

Shares of NASDAQ:DDOG opened at $109.62 on Friday. The company’s 50 day moving average price is $121.77 and its two-hundred day moving average price is $122.67. Datadog, Inc. has a 12-month low of $77.81 and a 12-month high of $138.61. The firm has a market cap of $36.67 billion, a PE ratio of 342.56, a PEG ratio of 42.41 and a beta of 1.09. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.34.

Datadog (NASDAQ:DDOGGet Free Report) last announced its earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.20. Datadog had a net margin of 5.11% and a return on equity of 7.48%. The firm had revenue of $611.25 million for the quarter, compared to analyst estimates of $589.97 million. Equities research analysts predict that Datadog, Inc. will post 0.27 earnings per share for the current year.

Institutional Trading of Datadog

Institutional investors and hedge funds have recently made changes to their positions in the company. Anchor Investment Management LLC bought a new stake in shares of Datadog during the 4th quarter worth approximately $25,000. Riverview Trust Co bought a new stake in shares of Datadog during the 1st quarter worth approximately $26,000. Raleigh Capital Management Inc. bought a new stake in shares of Datadog during the 4th quarter worth approximately $29,000. Private Trust Co. NA lifted its holdings in shares of Datadog by 743.3% during the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after acquiring an additional 223 shares during the period. Finally, Jones Financial Companies Lllp bought a new stake in shares of Datadog during the 4th quarter worth approximately $33,000. Institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wedbush reaffirmed an “outperform” rating and issued a $155.00 price objective on shares of Datadog in a research report on Monday, May 6th. Wolfe Research boosted their price target on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. Barclays cut their price target on shares of Datadog from $152.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Royal Bank of Canada boosted their price target on shares of Datadog from $145.00 to $151.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. Finally, JMP Securities raised shares of Datadog to a “hold” rating in a research report on Wednesday, May 8th. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $137.50.

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Datadog Company Profile

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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.

Further Reading

Insider Buying and Selling by Quarter for Datadog (NASDAQ:DDOG)

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