Datadog, Inc. (NASDAQ:DDOG) CFO David M. Obstler Sells 9,693 Shares

Datadog, Inc. (NASDAQ:DDOGGet Rating) CFO David M. Obstler sold 9,693 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $115.38, for a total value of $1,118,378.34. Following the completion of the transaction, the chief financial officer now directly owns 209,810 shares of the company’s stock, valued at approximately $24,207,877.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Datadog Stock Up 2.5 %

DDOG stock opened at $113.29 on Friday. The company has a market cap of $35.69 billion, a P/E ratio of 11,340.34 and a beta of 1.15. Datadog, Inc. has a fifty-two week low of $81.12 and a fifty-two week high of $199.68. The stock’s 50 day simple moving average is $98.82 and its 200 day simple moving average is $121.67. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.33 and a current ratio of 3.33.

Datadog (NASDAQ:DDOGGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.14 by $0.10. The firm had revenue of $406.14 million during the quarter, compared to the consensus estimate of $381.28 million. Datadog had a return on equity of 2.34% and a net margin of 0.48%. The company’s quarterly revenue was up 73.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.02) earnings per share. On average, research analysts expect that Datadog, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Rosenblatt Securities lowered their target price on Datadog from $180.00 to $146.00 and set a “buy” rating for the company in a report on Friday, July 29th. Truist Financial reduced their price target on Datadog from $200.00 to $170.00 in a research report on Friday, May 6th. Citigroup reduced their price target on Datadog from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday. Royal Bank of Canada upped their price target on Datadog from $115.00 to $125.00 in a research report on Friday. Finally, Barclays reduced their price target on Datadog from $150.00 to $130.00 and set an “overweight” rating on the stock in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $154.20.

Institutional Trading of Datadog

Several institutional investors and hedge funds have recently modified their holdings of DDOG. Yousif Capital Management LLC purchased a new stake in shares of Datadog in the fourth quarter worth approximately $592,000. CWM LLC purchased a new stake in shares of Datadog during the fourth quarter valued at approximately $488,000. Robeco Institutional Asset Management B.V. increased its position in shares of Datadog by 28.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 55,617 shares of the company’s stock valued at $9,907,000 after acquiring an additional 12,352 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Datadog by 24.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 45,177 shares of the company’s stock valued at $8,046,000 after acquiring an additional 9,007 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Datadog by 51.4% during the fourth quarter. Quadrant Capital Group LLC now owns 533 shares of the company’s stock valued at $95,000 after acquiring an additional 181 shares during the last quarter. 65.17% of the stock is owned by hedge funds and other institutional investors.

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.

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Insider Buying and Selling by Quarter for Datadog (NASDAQ:DDOG)

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