Insider Selling: Datadog, Inc. (NASDAQ:DDOG) Insider Sells $218,625.00 in Stock

Datadog, Inc. (NASDAQ:DDOG) insider Madre Armelle De sold 1,749 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $125.00, for a total value of $218,625.00. Following the transaction, the insider now owns 92,025 shares in the company, valued at approximately $11,503,125. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, June 7th, Madre Armelle De sold 1,749 shares of Datadog stock. The stock was sold at an average price of $109.44, for a total value of $191,410.56.
• On Monday, June 3rd, Madre Armelle De sold 4,442 shares of Datadog stock. The stock was sold at an average price of $109.45, for a total value of $486,176.90.
• On Thursday, May 23rd, Madre Armelle De sold 300 shares of Datadog stock. The stock was sold at an average price of $125.00, for a total value of $37,500.00.
• On Tuesday, May 7th, Madre Armelle De sold 300 shares of Datadog stock. The stock was sold at an average price of $113.37, for a total value of $34,011.00.
• On Monday, April 8th, Madre Armelle De sold 600 shares of Datadog stock. The stock was sold at an average price of $125.34, for a total value of $75,204.00.

Datadog Stock Down 0.2 %

NASDAQ:DDOG opened at $131.50 on Thursday. The firm has a market capitalization of $43.99 billion, a price-to-earnings ratio of 410.94, a price-to-earnings-growth ratio of 42.70 and a beta of 1.11. Datadog, Inc. has a twelve month low of $77.81 and a twelve month high of $138.61. The stock’s 50 day moving average price is $120.09 and its two-hundred day moving average price is $123.34. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.34.

Datadog (NASDAQ:DDOG) last issued its earnings results on Tuesday, May 7th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.20. Datadog had a return on equity of 7.48% and a net margin of 5.11%. The company had revenue of $611.25 million during the quarter, compared to the consensus estimate of $589.97 million. Equities research analysts expect that Datadog, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DDOG. Robert W. Baird raised Datadog from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $130.00 to $140.00 in a research report on Wednesday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $165.00 price target on shares of Datadog in a research report on Thursday, June 27th. Bank of America raised Datadog from a “neutral” rating to a “buy” rating and raised their price target for the stock from $143.00 to $155.00 in a research report on Thursday, May 30th. BMO Capital Markets dropped their price target on Datadog from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $152.00 price target on shares of Datadog in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $136.04.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Riverview Trust Co bought a new position in shares of Datadog during the 1st quarter worth approximately $26,000. Anchor Investment Management LLC bought a new position in shares of Datadog during the 4th quarter worth approximately $25,000. Raleigh Capital Management Inc. bought a new position in shares of Datadog during the 4th quarter worth approximately $29,000. Private Trust Co. NA boosted its stake in shares of Datadog by 743.3% during the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after acquiring an additional 223 shares during the period. Finally, Jones Financial Companies Lllp bought a new stake in Datadog in the 4th quarter valued at $33,000. 78.29% of the stock is currently owned by institutional investors.

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.