Datadog, Inc. (NASDAQ:DDOG) Director Shardul Shah Sells 7,916 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $126.67, for a total value of $1,002,719.72. Following the sale, the director now directly owns 451,533 shares of the company’s stock, valued at $57,195,685.11. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shardul Shah also recently made the following trade(s):

• On Friday, October 4th, Shardul Shah sold 15,832 shares of Datadog stock. The shares were sold at an average price of $120.02, for a total transaction of $1,900,156.64.

Datadog Stock Performance

NASDAQ DDOG opened at $126.22 on Friday. Datadog, Inc. has a fifty-two week low of $77.81 and a fifty-two week high of $138.61. The stock has a market cap of $42.22 billion, a PE ratio of 394.44, a PEG ratio of 22.85 and a beta of 1.11. The firm’s fifty day moving average price is $116.27 and its two-hundred day moving average price is $119.42.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, August 8th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. The business had revenue of $645.28 million for the quarter, compared to the consensus estimate of $624.92 million. Datadog had a net margin of 6.81% and a return on equity of 9.01%. The firm’s revenue was up 26.7% compared to the same quarter last year. During the same period last year, the company earned $0.36 EPS. As a group, sell-side analysts predict that Datadog, Inc. will post 0.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Datadog

Several institutional investors have recently added to or reduced their stakes in DDOG. Riverview Trust Co acquired a new position in shares of Datadog during the first quarter valued at about $26,000. SouthState Corp bought a new position in shares of Datadog in the second quarter valued at approximately $26,000. Blue Trust Inc. purchased a new position in shares of Datadog during the second quarter valued at approximately $37,000. EverSource Wealth Advisors LLC lifted its stake in Datadog by 70.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock valued at $39,000 after acquiring an additional 127 shares in the last quarter. Finally, American National Bank & Trust purchased a new position in Datadog during the 3rd quarter worth $39,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DDOG shares. Mizuho upgraded shares of Datadog from a “neutral” rating to an “outperform” rating and upped their price target for the company from $135.00 to $155.00 in a research note on Tuesday, July 16th. Wedbush reiterated an “outperform” rating and set a $155.00 target price on shares of Datadog in a research note on Friday, August 9th. BMO Capital Markets dropped their price target on Datadog from $140.00 to $132.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Monness Crespi & Hardt raised Datadog from a “sell” rating to a “neutral” rating in a report on Wednesday, August 7th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $150.00 target price on shares of Datadog in a report on Monday, July 22nd. Four research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $141.19.

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.