Datadog, Inc. (NASDAQ:DDOG) CRO Sells $293,875.00 in Stock

Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters sold 2,351 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $125.00, for a total transaction of $293,875.00. Following the completion of the transaction, the executive now owns 197,421 shares of the company’s stock, valued at $24,677,625. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Sean Michael Walters also recently made the following trade(s):

• On Tuesday, June 11th, Sean Michael Walters sold 3,134 shares of Datadog stock. The stock was sold at an average price of $113.58, for a total transaction of $355,959.72.
• On Monday, June 3rd, Sean Michael Walters sold 8,394 shares of Datadog stock. The stock was sold at an average price of $109.45, for a total transaction of $918,723.30.
• On Thursday, April 11th, Sean Michael Walters sold 10,000 shares of Datadog stock. The stock was sold at an average price of $129.86, for a total transaction of $1,298,600.00.

Datadog Price Performance

DDOG stock opened at $131.50 on Thursday. Datadog, Inc. has a 1 year low of $77.81 and a 1 year high of $138.61. The firm has a 50-day moving average of $120.09 and a 200 day moving average of $123.34. The company has a market cap of $43.99 billion, a P/E ratio of 410.94, a PEG ratio of 42.70 and a beta of 1.11. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.43 and a quick ratio of 3.43.

Datadog (NASDAQ:DDOG) last announced its earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share for the quarter, beating 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 business had revenue of $611.25 million during the quarter, compared to the consensus estimate of $589.97 million. On average, sell-side analysts forecast that Datadog, Inc. will post 0.32 EPS for the current year.

Hedge Funds Weigh In On Datadog

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV increased its stake in shares of Datadog by 48.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 360 shares of the company’s stock valued at $47,000 after purchasing an additional 117 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Datadog by 70.2% during the first quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock valued at $39,000 after purchasing an additional 127 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Datadog by 317.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 375,045 shares of the company’s stock valued at $46,427,000 after purchasing an additional 285,140 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Datadog by 3.6% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 81,180 shares of the company’s stock valued at $10,034,000 after buying an additional 2,800 shares during the last quarter. Finally, Cetera Advisors LLC grew its holdings in shares of Datadog by 141.5% during the first quarter. Cetera Advisors LLC now owns 13,700 shares of the company’s stock valued at $1,693,000 after buying an additional 8,026 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DDOG shares. Robert W. Baird upgraded shares of Datadog from a “neutral” rating to an “outperform” rating and upped their price target for the company from $130.00 to $140.00 in a research report on Wednesday, May 8th. Bank of America upgraded shares of Datadog from a “neutral” rating to a “buy” rating and upped their price target for the company from $143.00 to $155.00 in a research report on Thursday, May 30th. Cantor Fitzgerald restated an “overweight” rating and set a $150.00 price target on shares of Datadog in a research report on Wednesday, April 17th. BMO Capital Markets cut their price target on shares of Datadog from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Finally, Wedbush restated an “outperform” rating and set a $155.00 price target on shares of Datadog in a research report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.04.

About Datadog

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.