Datadog, Inc. (NASDAQ:DDOG) Insider Sells 3,750 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG – Get Rating) insider Madre Armelle De sold 3,750 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $110.00, for a total value of $412,500.00. Following the sale, the insider now owns 67,804 shares of the company’s stock, valued at approximately $7,458,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, August 1st, Madre Armelle De sold 3,750 shares of Datadog stock. The stock was sold at an average price of $99.92, for a total value of $374,700.00.
• On Friday, July 29th, Madre Armelle De sold 1,875 shares of Datadog stock. The stock was sold at an average price of $100.00, for a total value of $187,500.00.
• On Monday, July 25th, Madre Armelle De sold 1,875 shares of Datadog stock. The stock was sold at an average price of $94.00, for a total value of $176,250.00.
• On Wednesday, June 1st, Madre Armelle De sold 1,875 shares of Datadog stock. The stock was sold at an average price of $100.00, for a total value of $187,500.00.
• On Wednesday, May 25th, Madre Armelle De sold 1,875 shares of Datadog stock. The shares were sold at an average price of $90.00, for a total value of $168,750.00.

Datadog Stock Up 2.5 %

NASDAQ DDOG traded up $2.80 on Friday, reaching $113.29. 6,367,667 shares of the stock traded hands, compared to its average volume of 5,113,981. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.33 and a current ratio of 3.33. The company has a fifty day moving average price of $98.82 and a 200-day moving average price of $121.67. The company has a market cap of $35.69 billion, a price-to-earnings ratio of -11,329,000.00 and a beta of 1.15. Datadog, Inc. has a 12 month low of $81.12 and a 12 month high of $199.68.

Datadog (NASDAQ:DDOG – Get Rating) last issued its earnings results on Thursday, August 4th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. Datadog had a return on equity of 1.53% and a net margin of 0.17%. The business had revenue of $406.14 million during the quarter, compared to analyst estimates of $381.28 million. During the same period in the previous year, the company posted ($0.02) EPS. Datadog’s revenue was up 73.9% on a year-over-year basis. As a group, research analysts forecast that Datadog, Inc. will post -0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DDOG. ICONIQ Capital LLC increased its holdings in shares of Datadog by 245.4% in the 1st quarter. ICONIQ Capital LLC now owns 15,791,929 shares of the company’s stock valued at $2,392,003,000 after acquiring an additional 11,219,544 shares during the period. Norges Bank purchased a new position in shares of Datadog in the 4th quarter valued at $360,540,000. Capital Research Global Investors increased its holdings in shares of Datadog by 67.4% in the 4th quarter. Capital Research Global Investors now owns 4,641,710 shares of the company’s stock valued at $826,735,000 after acquiring an additional 1,868,762 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Datadog by 104.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,084,788 shares of the company’s stock valued at $315,783,000 after acquiring an additional 1,066,716 shares during the period. Finally, Scge Management L.P. purchased a new position in shares of Datadog in the 1st quarter valued at $111,785,000. 65.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on DDOG. Canaccord Genuity Group began coverage on Datadog in a report on Thursday, July 7th. They set a “hold” rating and a $120.00 price target for the company. Raymond James dropped their target price on Datadog from $170.00 to $140.00 and set an “outperform” rating for the company in a report on Friday. Citigroup dropped their target price on Datadog from $175.00 to $170.00 and set a “buy” rating for the company in a report on Friday. Canaccord Genuity Group started coverage on Datadog in a report on Thursday, July 7th. They issued a “hold” rating and a $120.00 target price for the company. Finally, KeyCorp decreased their price target on Datadog from $132.00 to $127.00 and set an “overweight” rating for the company in a research note on Friday. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $154.20.

About Datadog

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Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of its customers technology stack.