Datadog, Inc. (NASDAQ:DDOG) CFO David M. Obstler Sells 15,000 Shares

Datadog, Inc. (NASDAQ:DDOG) CFO David M. Obstler sold 15,000 shares of the stock in a transaction that occurred on Tuesday, November 23rd. The shares were sold at an average price of $176.31, for a total transaction of $2,644,650.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

David M. Obstler also recently made the following trade(s):

  • On Wednesday, September 15th, David M. Obstler sold 15,000 shares of Datadog stock. The shares were sold at an average price of $138.23, for a total transaction of $2,073,450.00.
  • On Thursday, September 2nd, David M. Obstler sold 1,704 shares of Datadog stock. The shares were sold at an average price of $136.34, for a total transaction of $232,323.36.

DDOG stock opened at $180.34 on Thursday. The company has a fifty day moving average of $161.79 and a 200-day moving average of $128.44. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.94 and a current ratio of 3.94. The stock has a market capitalization of $56.27 billion, a PE ratio of -1,288.05 and a beta of 1.05. Datadog, Inc. has a one year low of $69.73 and a one year high of $199.68.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, November 4th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.07. The business had revenue of $270.50 million during the quarter, compared to the consensus estimate of $247.82 million. Datadog had a negative net margin of 5.01% and a negative return on equity of 2.72%. The business’s revenue was up 74.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.02) EPS. Equities analysts forecast that Datadog, Inc. will post -0.06 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Datadog by 36.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 20,960,579 shares of the company’s stock valued at $2,181,577,000 after purchasing an additional 5,600,262 shares in the last quarter. Vanguard Group Inc. increased its holdings in Datadog by 5.7% during the 2nd quarter. Vanguard Group Inc. now owns 19,845,493 shares of the company’s stock valued at $2,065,519,000 after acquiring an additional 1,073,553 shares in the last quarter. Baillie Gifford & Co. increased its holdings in Datadog by 4.7% during the 2nd quarter. Baillie Gifford & Co. now owns 6,755,103 shares of the company’s stock valued at $703,071,000 after acquiring an additional 305,119 shares in the last quarter. Brown Capital Management LLC increased its holdings in Datadog by 9.9% during the 2nd quarter. Brown Capital Management LLC now owns 4,893,004 shares of the company’s stock valued at $509,264,000 after acquiring an additional 440,562 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its holdings in Datadog by 7.0% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,393,308 shares of the company’s stock valued at $353,176,000 after acquiring an additional 221,681 shares in the last quarter. Institutional investors and hedge funds own 58.23% of the company’s stock.

A number of research analysts recently commented on DDOG shares. Jefferies Financial Group increased their target price on shares of Datadog from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, November 16th. Truist Securities increased their target price on shares of Datadog from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, August 6th. The Goldman Sachs Group increased their target price on shares of Datadog from $124.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, August 6th. Mizuho increased their price target on shares of Datadog from $170.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, November 5th. Finally, Citigroup increased their price target on shares of Datadog from $188.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, November 5th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, Datadog has an average rating of “Buy” and a consensus target price of $171.55.

About Datadog

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 customers technology stack.

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