Insider Selling: Datadog, Inc. (NASDAQ:DDOG) CRO Sells $862,646.16 in Stock

Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters sold 8,454 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total transaction of $862,646.16. Following the completion of the transaction, the executive now owns 185,871 shares in the company, valued at approximately $18,966,276.84. The trade was a 4.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Datadog Stock Up 3.2 %

Datadog stock opened at $101.80 on Friday. Datadog, Inc. has a twelve month low of $98.30 and a twelve month high of $170.08. The firm has a 50 day moving average price of $130.81 and a 200-day moving average price of $131.22. The company has a market capitalization of $34.89 billion, a P/E ratio of 199.61, a P/E/G ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. Equities analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Institutional Trading of Datadog

Several institutional investors and hedge funds have recently bought and sold shares of the company. Lansforsakringar Fondforvaltning AB publ purchased a new stake in Datadog in the 4th quarter worth approximately $13,285,000. Siemens Fonds Invest GmbH lifted its stake in Datadog by 2.4% in the 4th quarter. Siemens Fonds Invest GmbH now owns 5,856 shares of the company’s stock worth $844,000 after purchasing an additional 137 shares in the last quarter. Total Wealth Planning & Management Inc. purchased a new stake in Datadog in the 4th quarter worth approximately $314,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Datadog in the 4th quarter worth approximately $47,697,000. Finally, Azzad Asset Management Inc. ADV lifted its stake in Datadog by 8.5% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 20,761 shares of the company’s stock worth $2,967,000 after purchasing an additional 1,622 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. TD Cowen restated a “buy” rating and issued a $165.00 target price on shares of Datadog in a report on Tuesday, November 19th. Jefferies Financial Group upped their price objective on shares of Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, January 6th. Morgan Stanley reiterated an “equal weight” rating and set a $143.00 price objective on shares of Datadog in a report on Thursday, January 16th. Needham & Company LLC reiterated a “buy” rating and set a $160.00 price objective on shares of Datadog in a report on Tuesday, March 4th. Finally, Royal Bank of Canada upped their price objective on shares of Datadog from $151.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

About Datadog

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.