Datadog, Inc. (NASDAQ:DDOG) CFO David M. Obstler Sells 33,333 Shares

Datadog, Inc. (NASDAQ:DDOG) CFO David M. Obstler sold 33,333 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $130.39, for a total transaction of $4,346,289.87. Following the sale, the chief financial officer now owns 314,158 shares of the company’s stock, valued at approximately $40,963,061.62. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Datadog Price Performance

NASDAQ:DDOG opened at $126.00 on Thursday. Datadog, Inc. has a one year low of $77.81 and a one year high of $138.61. The company’s 50-day simple moving average is $116.02 and its 200 day simple moving average is $119.37. The firm has a market capitalization of $42.15 billion, a P/E ratio of 393.75, a PEG ratio of 22.85 and a beta of 1.11.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Datadog had a return on equity of 9.01% and a net margin of 6.81%. The firm had revenue of $645.28 million for the quarter, compared to analysts’ expectations of $624.92 million. During the same period in the previous year, the firm posted $0.36 EPS. The business’s revenue for the quarter was up 26.7% compared to the same quarter last year. On average, equities research analysts expect that Datadog, Inc. will post 0.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Datadog

Several institutional investors and hedge funds have recently modified their holdings of the stock. Riverview Trust Co bought a new position in Datadog in the 1st quarter worth about $26,000. SouthState Corp bought a new position in shares of Datadog in the second quarter worth approximately $26,000. Blue Trust Inc. purchased a new stake in shares of Datadog during the second quarter valued at approximately $37,000. EverSource Wealth Advisors LLC grew its holdings 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 buying an additional 127 shares during the last quarter. Finally, American National Bank & Trust bought a new stake in shares of Datadog during the third quarter valued at approximately $39,000. 78.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DDOG shares. Wedbush restated an “outperform” rating and set a $155.00 target price on shares of Datadog in a report on Friday, August 9th. UBS Group increased their price objective on Datadog from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Cantor Fitzgerald restated an “overweight” rating and issued a $150.00 target price on shares of Datadog in a report on Monday, July 22nd. Barclays lowered their price target on shares of Datadog from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Finally, Mizuho raised shares of Datadog from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $135.00 to $155.00 in a report on Tuesday, July 16th. Four equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $141.19.

Datadog Company Profile

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.