Datadog, Inc. (NASDAQ:DDOG) Director Sells $1,000,110.80 in Stock

Datadog, Inc. (NASDAQ:DDOG) Director Matthew Jacobson sold 9,256 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $108.05, for a total value of $1,000,110.80. Following the transaction, the director now owns 48,411 shares in the company, valued at approximately $5,230,808.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Datadog Stock Down 0.3 %

Shares of DDOG stock opened at $109.26 on Monday. The stock has a market cap of $36.55 billion, a PE ratio of 341.44, a price-to-earnings-growth ratio of 27.84 and a beta of 1.11. Datadog, Inc. has a 52-week low of $77.81 and a 52-week high of $138.61. The business has a 50-day simple moving average of $116.11 and a 200-day simple moving average of $120.08.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. The business had revenue of $645.28 million for the quarter, compared to analyst estimates of $624.92 million. Datadog had a return on equity of 9.01% and a net margin of 6.81%. The business’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 EPS. Sell-side analysts anticipate that Datadog, Inc. will post 0.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DDOG. Riverview Trust Co acquired a new stake in shares of Datadog during the 1st quarter valued at about $26,000. SouthState Corp acquired a new stake in Datadog in the second quarter valued at approximately $26,000. Raleigh Capital Management Inc. purchased a new stake in shares of Datadog in the fourth quarter valued at approximately $29,000. Jones Financial Companies Lllp acquired a new position in shares of Datadog during the 4th quarter worth approximately $33,000. Finally, Quest Partners LLC purchased a new position in shares of Datadog during the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

DDOG has been the subject of several recent research reports. UBS Group boosted their price target on shares of Datadog from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Wedbush restated an “outperform” rating and set a $155.00 target price on shares of Datadog in a report on Friday, August 9th. Scotiabank cut their price target on Datadog from $145.00 to $135.00 and set a “sector outperform” rating on the stock in a report on Friday, August 9th. Royal Bank of Canada restated an “outperform” rating and set a $151.00 price objective on shares of Datadog in a research note on Friday, August 9th. Finally, BMO Capital Markets cut their target price on Datadog from $140.00 to $132.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Datadog has an average rating of “Moderate Buy” and a consensus price target of $139.88.

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.