Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CRO Sean Walters sold 13,575 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $212.90, for a total transaction of $2,890,117.50. Following the completion of the transaction, the executive directly owned 244,845 shares in the company, valued at $52,127,500.50. This trade represents a 5.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Sean Michael Walters also recently made the following trade(s):
- On Thursday, June 11th, Sean Walters sold 11,876 shares of Datadog stock. The shares were sold at an average price of $231.02, for a total transaction of $2,743,593.52.
Datadog Price Performance
DDOG stock traded down $1.83 during mid-day trading on Friday, hitting $212.93. The company had a trading volume of 2,493,749 shares, compared to its average volume of 5,499,505. The company has a market capitalization of $76.46 billion, a price-to-earnings ratio of 434.56, a P/E/G ratio of 20.49 and a beta of 1.49. Datadog, Inc. has a 12-month low of $98.01 and a 12-month high of $292.72. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $250.18 and a 200 day moving average price of $193.14.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the company. Citizens Jmp upped their price objective on Datadog from $225.00 to $311.00 and gave the stock a “market outperform” rating in a report on Monday, July 20th. Wall Street Zen raised shares of Datadog from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Craig Hallum assumed coverage on shares of Datadog in a research note on Monday, June 15th. They set a “buy” rating for the company. Monness Crespi & Hardt increased their price target on Datadog from $255.00 to $270.00 in a report on Thursday, May 7th. Finally, Oppenheimer lifted their price objective on shares of Datadog from $220.00 to $300.00 and gave the company an “outperform” rating in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $276.32.
View Our Latest Research Report on Datadog
Institutional Investors Weigh In On Datadog
Several institutional investors have recently bought and sold shares of the company. JPL Wealth Management LLC acquired a new position in shares of Datadog during the third quarter worth $27,000. EMC Capital Management purchased a new stake in Datadog in the second quarter valued at about $28,000. Cornerstone Financial Management LLC grew its stake in shares of Datadog by 54.9% during the second quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock worth $33,000 after acquiring an additional 45 shares during the last quarter. Rothschild Investment LLC increased its holdings in shares of Datadog by 52.5% during the fourth quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock valued at $37,000 after acquiring an additional 94 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in Datadog by 341.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 318 shares of the company’s stock worth $38,000 after purchasing an additional 246 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.
About Datadog
Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.
The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.
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