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

Datadog, Inc. (NASDAQ:DDOG) Director Michael James Callahan sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 19th. The shares were sold at an average price of $89.36, for a total value of $893,600.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Michael James Callahan also recently made the following trade(s):

  • On Thursday, November 5th, Michael James Callahan sold 10,000 shares of Datadog stock. The shares were sold at an average price of $101.24, for a total value of $1,012,400.00.
  • On Wednesday, October 21st, Michael James Callahan sold 10,000 shares of Datadog stock. The shares were sold at an average price of $100.59, for a total value of $1,005,900.00.
  • On Thursday, October 8th, Michael James Callahan sold 7,192 shares of Datadog stock. The shares were sold at an average price of $103.80, for a total value of $746,529.60.
  • On Wednesday, September 30th, Michael James Callahan sold 15,000 shares of Datadog stock. The shares were sold at an average price of $99.74, for a total value of $1,496,100.00.
  • On Thursday, September 24th, Michael James Callahan sold 10,000 shares of Datadog stock. The shares were sold at an average price of $88.99, for a total value of $889,900.00.
  • On Thursday, September 10th, Michael James Callahan sold 10,000 shares of Datadog stock. The shares were sold at an average price of $82.41, for a total value of $824,100.00.
  • On Thursday, August 27th, Michael James Callahan sold 10,000 shares of Datadog stock. The shares were sold at an average price of $83.66, for a total value of $836,600.00.

Shares of DDOG stock opened at $89.09 on Friday. The firm has a market capitalization of $27.02 billion, a P/E ratio of -2,968.68 and a beta of 1.40. Datadog, Inc. has a twelve month low of $28.88 and a twelve month high of $118.13. The company has a quick ratio of 6.49, a current ratio of 6.49 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $100.12 and its 200 day simple moving average is $85.83.

Datadog (NASDAQ:DDOG) last announced its earnings results on Tuesday, November 10th. The company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The firm had revenue of $154.70 million for the quarter, compared to the consensus estimate of $144.33 million. Datadog had a positive return on equity of 0.38% and a negative net margin of 1.39%. Datadog’s revenue was up 61.1% compared to the same quarter last year. As a group, equities research analysts expect that Datadog, Inc. will post -0.02 EPS for the current fiscal year.

Several analysts recently weighed in on DDOG shares. Summit Insights started coverage on Datadog in a report on Monday, September 21st. They set a “sell” rating for the company. Loop Capital lifted their price target on Datadog from $110.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, October 20th. Zacks Investment Research cut Datadog from a “hold” rating to a “sell” rating in a report on Wednesday, November 11th. Needham & Company LLC lifted their price target on Datadog from $106.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, November 11th. Finally, DA Davidson lifted their price target on Datadog from $52.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $96.00.

Institutional investors and hedge funds have recently made changes to their positions in the business. Freestone Capital Holdings LLC acquired a new position in Datadog during the 3rd quarter worth about $26,000. Advisory Alpha LLC acquired a new position in Datadog during the 3rd quarter worth about $29,000. Glassman Wealth Services lifted its holdings in Datadog by 74.5% during the 2nd quarter. Glassman Wealth Services now owns 349 shares of the company’s stock worth $30,000 after buying an additional 149 shares during the period. Captrust Financial Advisors acquired a new position in Datadog during the 2nd quarter worth about $36,000. Finally, US Bancorp DE acquired a new position in Datadog during the 2nd quarter worth about $38,000. 41.21% of the stock is currently owned by hedge funds and other institutional investors.

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, and log management to provide real-time observability of customers technology stack.

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

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