Insider Selling: Datadog, Inc. (NASDAQ:DDOG) General Counsel Sells 2,452 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) General Counsel Kerry Acocella sold 2,452 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $120.06, for a total transaction of $294,387.12. Following the completion of the sale, the general counsel now directly owns 74,421 shares in the company, valued at approximately $8,934,985.26. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Datadog Stock Performance

Shares of NASDAQ DDOG traded up $1.31 during midday trading on Tuesday, hitting $123.69. 3,351,272 shares of the company’s stock traded hands, compared to its average volume of 3,832,881. Datadog, Inc. has a 1 year low of $77.81 and a 1 year high of $138.61. The stock has a market capitalization of $41.37 billion, a price-to-earnings ratio of 390.22, a price-to-earnings-growth ratio of 28.94 and a beta of 1.11. The firm has a fifty day moving average of $113.61 and a 200 day moving average of $119.15.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DDOG. Baader Bank Aktiengesellschaft increased its stake in Datadog by 1.5% in the second quarter. Baader Bank Aktiengesellschaft now owns 5,077 shares of the company’s stock worth $657,000 after purchasing an additional 77 shares during the period. GAMMA Investing LLC increased its stake in Datadog by 19.5% in the third quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock worth $65,000 after purchasing an additional 92 shares during the period. HB Wealth Management LLC increased its stake in Datadog by 5.2% in the second quarter. HB Wealth Management LLC now owns 1,926 shares of the company’s stock worth $250,000 after purchasing an additional 95 shares during the period. Ameritas Investment Partners Inc. increased its stake in Datadog by 1.2% in the first quarter. Ameritas Investment Partners Inc. now owns 8,867 shares of the company’s stock worth $1,096,000 after purchasing an additional 103 shares during the period. Finally, WR Wealth Planners LLC increased its stake in Datadog by 31.6% in the second quarter. WR Wealth Planners LLC now owns 433 shares of the company’s stock worth $56,000 after purchasing an additional 104 shares during the period. 78.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DDOG has been the topic of a number of recent analyst reports. Evercore ISI initiated coverage on shares of Datadog in a research report on Monday, July 15th. They issued an “outperform” rating and a $150.00 price target on the stock. Wedbush restated an “outperform” rating and issued a $155.00 price target on shares of Datadog in a research report on Friday, August 9th. Needham & Company LLC reduced their price target on shares of Datadog from $165.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Loop Capital restated a “buy” rating and issued a $160.00 price target on shares of Datadog in a research report on Friday, July 5th. Finally, Mizuho upgraded shares of Datadog from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $135.00 to $155.00 in a research report on Tuesday, July 16th. Four equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.