Insider Selling: Datadog (NASDAQ:DDOG) Director Sells 12,500 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) Director Michael James Callahan sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $187.47, for a total transaction of $2,343,375.00. Following the transaction, the director directly owned 12,496 shares in the company, valued at approximately $2,342,625.12. This trade represents a 50.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Michael James Callahan also recently made the following trade(s):

• On Tuesday, October 14th, Michael James Callahan sold 8,333 shares of Datadog stock. The shares were sold at an average price of $160.55, for a total transaction of $1,337,863.15.
• On Monday, October 6th, Michael James Callahan sold 91,667 shares of Datadog stock. The shares were sold at an average price of $157.60, for a total value of $14,446,719.20.

Datadog Stock Up 4.4%

NASDAQ DDOG traded up $8.48 on Monday, hitting $199.72. The stock had a trading volume of 6,550,202 shares, compared to its average volume of 5,554,392. The business’s fifty day moving average price is $149.87 and its 200 day moving average price is $135.21. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $201.46. The stock has a market cap of $69.65 billion, a price-to-earnings ratio of 644.26, a price-to-earnings-growth ratio of 54.29 and a beta of 1.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.43.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. The business had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The business’s quarterly revenue was up 28.4% on a year-over-year basis. During the same quarter last year, the company posted $0.46 earnings per share. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. Equities research analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on DDOG shares. Evercore ISI lifted their target price on shares of Datadog from $170.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday. TD Cowen boosted their price target on shares of Datadog from $180.00 to $235.00 and gave the company a “buy” rating in a research report on Friday. BTIG Research increased their price objective on Datadog from $184.00 to $221.00 and gave the stock a “buy” rating in a research report on Thursday. CIBC upgraded shares of Datadog from a “neutral” rating to a “sector outperform” rating and set a $240.00 price target for the company in a research report on Friday. Finally, Stifel Nicolaus set a $205.00 target price on Datadog in a research note on Thursday. Thirty analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $203.42.

Hedge Funds Weigh In On Datadog

Large investors have recently bought and sold shares of the company. Westside Investment Management Inc. grew its stake in shares of Datadog by 74.3% during the 3rd quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock worth $27,000 after purchasing an additional 75 shares during the period. Rothschild Investment LLC boosted its stake in shares of Datadog by 126.6% during the 3rd quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares during the last quarter. Tripletail Wealth Management LLC acquired a new position in Datadog in the third quarter valued at $28,000. Physician Wealth Advisors Inc. raised its stake in Datadog by 315.2% during the third quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock worth $27,000 after purchasing an additional 145 shares during the period. Finally, Hazlett Burt & Watson Inc. acquired a new stake in Datadog during the third quarter worth about $28,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

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.