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

Datadog, Inc. (NASDAQ:DDOGGet Rating) CFO David M. Obstler sold 15,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $109.78, for a total value of $1,646,700.00. Following the transaction, the chief financial officer now directly owns 209,810 shares in the company, valued at approximately $23,032,941.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Datadog Price Performance

Shares of NASDAQ DDOG traded up $2.80 during mid-day trading on Friday, reaching $113.29. The company had a trading volume of 6,367,667 shares, compared to its average volume of 5,113,981. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.66. The stock has a market cap of $35.69 billion, a PE ratio of -11,329,000.00 and a beta of 1.15. The company has a 50-day moving average price of $98.82 and a two-hundred day moving average price of $121.67. Datadog, Inc. has a 1-year low of $81.12 and a 1-year high of $199.68.

Datadog (NASDAQ:DDOGGet Rating) last issued its earnings results on Thursday, August 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. The business had revenue of $406.14 million for the quarter, compared to analysts’ expectations of $381.28 million. Datadog had a return on equity of 1.53% and a net margin of 0.17%. The company’s quarterly revenue was up 73.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.02) EPS. On average, equities analysts anticipate that Datadog, Inc. will post -0.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DDOG. ICONIQ Capital LLC grew its stake in Datadog by 245.4% in the first quarter. ICONIQ Capital LLC now owns 15,791,929 shares of the company’s stock valued at $2,392,003,000 after purchasing an additional 11,219,544 shares in the last quarter. Norges Bank purchased a new position in Datadog in the fourth quarter valued at about $360,540,000. Capital Research Global Investors grew its stake in Datadog by 67.4% in the fourth quarter. Capital Research Global Investors now owns 4,641,710 shares of the company’s stock valued at $826,735,000 after purchasing an additional 1,868,762 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Datadog by 104.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,084,788 shares of the company’s stock valued at $315,783,000 after purchasing an additional 1,066,716 shares in the last quarter. Finally, Scge Management L.P. purchased a new position in Datadog in the first quarter valued at about $111,785,000. Hedge funds and other institutional investors own 65.17% of the company’s stock.

Wall Street Analysts Forecast Growth

DDOG has been the topic of a number of research analyst reports. Canaccord Genuity Group assumed coverage on Datadog in a report on Thursday, July 7th. They set a “hold” rating and a $120.00 target price on the stock. Monness Crespi & Hardt downgraded Datadog from a “buy” rating to a “neutral” rating in a report on Thursday. Truist Financial cut their price target on Datadog from $200.00 to $170.00 in a report on Friday, May 6th. Rosenblatt Securities cut their price target on Datadog from $180.00 to $146.00 and set a “buy” rating on the stock in a report on Friday, July 29th. Finally, Jefferies Financial Group cut their price target on Datadog from $170.00 to $125.00 in a report on Monday, May 23rd. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Datadog currently has a consensus rating of “Moderate Buy” and an average target price of $154.20.

Datadog Company Profile

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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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