Datadog, Inc. (NASDAQ:DDOG) Insider Madre Armelle De Sells 3,750 Shares

Datadog, Inc. (NASDAQ:DDOGGet Rating) insider Madre Armelle De sold 3,750 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $110.00, for a total value of $412,500.00. Following the completion of the transaction, the insider now owns 67,804 shares of the company’s stock, valued at $7,458,440. The transaction was disclosed in a filing with the SEC, which is available at this link.

Madre Armelle De also recently made the following trade(s):

  • On Monday, August 1st, Madre Armelle De sold 3,750 shares of Datadog stock. The shares were sold at an average price of $99.92, for a total value of $374,700.00.
  • On Friday, July 29th, Madre Armelle De sold 1,875 shares of Datadog stock. The shares were sold at an average price of $100.00, for a total value of $187,500.00.
  • On Monday, July 25th, Madre Armelle De sold 1,875 shares of Datadog stock. The shares were sold at an average price of $94.00, for a total value of $176,250.00.
  • On Wednesday, June 1st, Madre Armelle De sold 1,875 shares of Datadog stock. The shares were sold at an average price of $100.00, for a total value of $187,500.00.
  • On Wednesday, May 25th, Madre Armelle De sold 1,875 shares of Datadog stock. The shares were sold at an average price of $90.00, for a total value of $168,750.00.

Datadog Stock Performance

Shares of DDOG opened at $113.29 on Friday. The business’s fifty day simple moving average is $98.82 and its two-hundred day simple moving average is $121.67. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.66. Datadog, Inc. has a 12 month low of $81.12 and a 12 month high of $199.68. The company has a market cap of $35.69 billion, a price-to-earnings ratio of 11,340.34 and a beta of 1.15.

Datadog (NASDAQ:DDOGGet Rating) last announced its earnings results on Thursday, August 4th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. Datadog had a return on equity of 2.34% and a net margin of 0.48%. The company had revenue of $406.14 million for the quarter, compared to analysts’ expectations of $381.28 million. During the same period last year, the firm earned ($0.02) EPS. Datadog’s revenue for the quarter was up 73.9% compared to the same quarter last year. Research analysts anticipate that Datadog, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on DDOG. Royal Bank of Canada upped their price target on Datadog from $115.00 to $125.00 in a research report on Friday. Morgan Stanley lowered their price target on Datadog from $159.00 to $155.00 and set an “overweight” rating for the company in a research report on Monday, July 11th. Truist Financial lowered their price target on Datadog from $200.00 to $170.00 in a research report on Friday, May 6th. Citigroup lowered their price target on Datadog from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Friday. Finally, Jefferies Financial Group decreased their target price on Datadog from $170.00 to $125.00 in a research report on Monday, May 23rd. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $154.20.

Institutional Investors Weigh In On Datadog

Institutional investors and hedge funds have recently bought and sold shares of the business. Nordea Investment Management AB raised its holdings in Datadog by 1.9% during the first quarter. Nordea Investment Management AB now owns 108,819 shares of the company’s stock valued at $16,514,000 after acquiring an additional 2,029 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Datadog during the first quarter valued at about $57,000. KRS Capital Management LLC purchased a new position in shares of Datadog during the fourth quarter valued at about $52,000. North Star Asset Management Inc. grew its position in shares of Datadog by 1.2% during the fourth quarter. North Star Asset Management Inc. now owns 48,676 shares of the company’s stock valued at $8,669,000 after purchasing an additional 568 shares in the last quarter. Finally, Elk River Wealth Management LLC purchased a new position in shares of Datadog during the first quarter valued at about $428,000. 65.17% of the stock is owned by institutional investors.

Datadog Company Profile

(Get Rating)

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 its customers technology stack.

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

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