Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters Sells 2,322 Shares

by · The Cerbat Gem

Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CRO Sean Michael Walters sold 2,322 shares of Datadog stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $125.00, for a total value of $290,250.00. Following the transaction, the executive now owns 183,512 shares of the company’s stock, valued at $22,939,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Datadog Stock Up 4.0 %

NASDAQ:DDOG traded up $5.02 during mid-day trading on Thursday, hitting $130.18. 4,068,350 shares of the company traded hands, compared to its average volume of 3,833,050. The stock’s fifty day moving average price is $113.96 and its 200-day moving average price is $119.20. The firm has a market cap of $43.55 billion, a price-to-earnings ratio of 404.44, a price-to-earnings-growth ratio of 28.94 and a beta of 1.11. Datadog, Inc. has a one year low of $77.81 and a one year high of $138.61.

Datadog (NASDAQ:DDOG – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Datadog had a return on equity of 9.01% and a net margin of 6.81%. The company had revenue of $645.28 million during the quarter, compared to the consensus estimate of $624.92 million. During the same period in the previous year, the company posted $0.36 EPS. The firm’s revenue was up 26.7% on a year-over-year basis. Equities analysts predict that Datadog, Inc. will post 0.42 EPS for the current year.

Analyst Ratings Changes

DDOG has been the subject of several recent analyst reports. Monness Crespi & Hardt raised Datadog from a “sell” rating to a “neutral” rating in a research report on Wednesday, August 7th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $150.00 target price on shares of Datadog in a research note on Monday, July 22nd. UBS Group increased their price target on shares of Datadog from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Mizuho upgraded shares of Datadog from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $135.00 to $155.00 in a report on Tuesday, July 16th. Finally, BNP Paribas began coverage on Datadog in a research note on Tuesday. They set an “outperform” rating and a $150.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $141.19.

Read Our Latest Stock Analysis on Datadog

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. SouthState Corp bought a new stake in Datadog during the second quarter valued at about $26,000. Riverview Trust Co bought a new position in Datadog in the 1st quarter worth approximately $26,000. Raleigh Capital Management Inc. bought a new stake in shares of Datadog during the fourth quarter valued at approximately $29,000. Blue Trust Inc. purchased a new position in shares of Datadog in the second quarter worth $37,000. Finally, Versant Capital Management Inc boosted its position in shares of Datadog by 216.5% during the second quarter. Versant Capital Management Inc now owns 307 shares of the company’s stock worth $40,000 after acquiring an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

About Datadog

(Get Free Report)

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.

Featured Articles