Kerry Acocella Sells 1,846 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) General Counsel Kerry Acocella sold 1,846 shares of Datadog stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $120.28, for a total transaction of $222,036.88. Following the transaction, the general counsel now owns 80,084 shares in the company, valued at approximately $9,632,503.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Kerry Acocella also recently made the following trade(s):

• On Monday, June 24th, Kerry Acocella sold 5,955 shares of Datadog stock. The stock was sold at an average price of $120.09, for a total transaction of $715,135.95.
• On Monday, June 3rd, Kerry Acocella sold 2,931 shares of Datadog stock. The stock was sold at an average price of $109.45, for a total transaction of $320,797.95.

Datadog Price Performance

Datadog stock opened at $129.69 on Friday. The stock has a market cap of $43.38 billion, a price-to-earnings ratio of 405.28, a price-to-earnings-growth ratio of 40.56 and a beta of 1.09. 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, 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 $119.81 and a two-hundred day moving average of $123.11.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.20. The company had revenue of $611.25 million during the quarter, compared to analysts’ expectations of $589.97 million. Datadog had a net margin of 5.11% and a return on equity of 7.48%. On average, research analysts forecast that Datadog, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wedbush restated an “outperform” rating and set a $155.00 price objective on shares of Datadog in a research report on Wednesday. Stifel Nicolaus restated a “buy” rating and set a $152.00 price objective on shares of Datadog in a research report on Monday, April 22nd. Rosenblatt Securities restated a “buy” rating and set a $146.00 price objective on shares of Datadog in a research report on Monday, May 6th. Baird R W upgraded shares of Datadog from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 8th. Finally, Barclays decreased their price objective on shares of Datadog from $152.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.04.

Institutional Investors Weigh In On Datadog

Hedge funds have recently modified their holdings of the business. Riverview Trust Co purchased a new stake in shares of Datadog in 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 raised 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 in the last quarter. Finally, Jones Financial Companies Lllp bought a new position in shares of Datadog during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

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.