Insider Selling: Datadog (NASDAQ:DDOG) CFO Sells 10,000 Shares of Stock

Datadog, Inc. (NASDAQ:DDOGGet Free Report) CFO David Obstler sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $241.25, for a total transaction of $2,412,500.00. Following the transaction, the chief financial officer owned 368,067 shares of the company’s stock, valued at approximately $88,796,163.75. This represents a 2.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Datadog Trading Up 1.6%

NASDAQ:DDOG traded up $4.01 during trading hours on Wednesday, hitting $251.49. The stock had a trading volume of 2,712,940 shares, compared to its average volume of 5,361,892. The business’s 50 day moving average is $241.96 and its 200-day moving average is $203.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.20 and a current ratio of 3.20. The company has a market cap of $90.31 billion, a price-to-earnings ratio of 513.26, a P/E/G ratio of 23.92 and a beta of 1.49. Datadog, Inc. has a one year low of $98.01 and a one year high of $292.72.

Datadog (NASDAQ:DDOGGet Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the firm posted $0.46 earnings per share. The business’s quarterly revenue was up 35.6% compared to the same quarter last year. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. Sell-side analysts anticipate that Datadog, Inc. will post 0.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Datadog

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Datadog during the 4th quarter worth approximately $469,461,000. Employees Provident Fund Board acquired a new stake in Datadog during the 4th quarter worth approximately $251,582,000. First Trust Advisors LP grew its holdings in Datadog by 81.5% during the 1st quarter. First Trust Advisors LP now owns 3,685,562 shares of the company’s stock worth $435,081,000 after acquiring an additional 1,654,429 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Datadog by 22.8% during the first quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock valued at $905,570,000 after acquiring an additional 1,439,082 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Datadog by 162.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,571,018 shares of the company’s stock valued at $185,459,000 after acquiring an additional 971,910 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

DDOG has been the subject of several recent analyst reports. Benchmark restated a “buy” rating on shares of Datadog in a report on Tuesday, July 28th. Arete Research boosted their price objective on Datadog from $260.00 to $340.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Scotiabank increased their target price on Datadog from $275.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Jefferies Financial Group set a $260.00 target price on shares of Datadog in a report on Thursday, August 6th. Finally, Capital One Financial lifted their price target on shares of Datadog from $217.00 to $268.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $276.66.

Get Our Latest Stock Analysis on DDOG

About Datadog

(Get Free Report)

Datadog, Inc (NASDAQ:DDOG) is a cloud-based software company that provides monitoring, observability, security and analytics tools for modern applications and information technology environments. Its platform helps organizations collect, correlate and analyze data from servers, databases, applications, containers, networks and cloud services in a unified environment.

The company’s products include infrastructure monitoring, application performance monitoring, log management, real user and synthetic monitoring, database monitoring, cloud security, software delivery tools, incident management and cloud cost management.

Further Reading

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

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