Insider Selling: Datadog, Inc. (NASDAQ:DDOG) Director Sells 47,306 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) Director Matthew Jacobson sold 47,306 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $107.40, for a total value of $5,080,664.40. Following the completion of the transaction, the director now directly owns 25,468 shares in the company, valued at $2,735,263.20. The trade was a 65.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Datadog Stock Down 1.2 %

Datadog stock opened at $107.88 on Friday. The company has a 50 day moving average of $100.20 and a 200-day moving average of $125.81. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. The stock has a market capitalization of $36.98 billion, a PE ratio of 211.53, a price-to-earnings-growth ratio of 44.03 and a beta of 1.12.

Datadog (NASDAQ:DDOG) last released its earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The firm had revenue of $761.55 million during the quarter, compared to analysts’ expectations of $741.73 million. Datadog had a return on equity of 8.28% and a net margin of 6.85%. The company’s revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. Equities analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on DDOG. BTIG Research set a $136.00 target price on Datadog and gave the stock a “buy” rating in a report on Tuesday. Truist Financial decreased their price objective on shares of Datadog from $140.00 to $120.00 and set a “hold” rating on the stock in a report on Monday, March 31st. Rosenblatt Securities dropped their target price on shares of Datadog from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, May 5th. Scotiabank set a $130.00 price target on shares of Datadog and gave the company an “outperform” rating in a research note on Wednesday. Finally, Guggenheim restated a “neutral” rating on shares of Datadog in a research report on Wednesday, January 22nd. Seven investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $141.54.

Institutional Investors Weigh In On Datadog

Several institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Datadog by 40.3% in the fourth quarter. GAMMA Investing LLC now owns 790 shares of the company’s stock valued at $113,000 after purchasing an additional 227 shares during the last quarter. Nordea Investment Management AB grew its position in Datadog by 21.2% in the fourth quarter. Nordea Investment Management AB now owns 58,256 shares of the company’s stock valued at $8,376,000 after purchasing an additional 10,199 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Datadog by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,883 shares of the company’s stock valued at $1,698,000 after buying an additional 137 shares during the last quarter. Green Alpha Advisors LLC lifted its position in Datadog by 18.3% during the 4th quarter. Green Alpha Advisors LLC now owns 3,301 shares of the company’s stock worth $472,000 after buying an additional 511 shares in the last quarter. Finally, Kieckhefer Group LLC acquired a new position in shares of Datadog during the 4th quarter worth about $43,000. 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.