Datadog, Inc. (NASDAQ:DDOG) Director Shardul Shah Sells 7,924 Shares

Datadog, Inc. (NASDAQ:DDOG) Director Shardul Shah sold 7,924 shares of the company’s stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $140.80, for a total transaction of $1,115,699.20. Following the completion of the sale, the director directly owned 380,281 shares of the company’s stock, valued at $53,543,564.80. This trade represents a 2.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, June 16th, Shardul Shah sold 7,916 shares of Datadog stock. The stock was sold at an average price of $120.86, for a total transaction of $956,727.76.
• On Wednesday, June 4th, Shardul Shah sold 23,748 shares of Datadog stock. The stock was sold at an average price of $120.00, for a total transaction of $2,849,760.00.

Datadog Price Performance

DDOG stock opened at $142.98 on Friday. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The company’s fifty day moving average price is $126.66 and its 200-day moving average price is $120.74. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.74 and a current ratio of 2.74. The company has a market capitalization of $49.38 billion, a PE ratio of 311.20, a price-to-earnings-growth ratio of 76.64 and a beta of 1.03.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.04. Datadog had a net margin of 5.85% and a return on equity of 6.39%. The company had revenue of $761.55 million for the quarter, compared to analysts’ expectations of $741.73 million. During the same quarter in the previous year, the business posted $0.44 earnings per share. Datadog’s quarterly revenue was up 24.6% on a year-over-year basis. On average, equities analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Datadog

Large investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its position in Datadog by 32.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company’s stock worth $2,216,000 after purchasing an additional 3,760 shares during the last quarter. LBP AM SA increased its position in Datadog by 40.2% in the first quarter. LBP AM SA now owns 419,805 shares of the company’s stock worth $41,649,000 after purchasing an additional 120,343 shares during the last quarter. Berkshire Capital Holdings Inc. increased its position in Datadog by 731,900.0% in the fourth quarter. Berkshire Capital Holdings Inc. now owns 73,200 shares of the company’s stock worth $10,460,000 after purchasing an additional 73,190 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Datadog by 24.7% in the first quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company’s stock worth $78,112,000 after purchasing an additional 156,152 shares during the last quarter. Finally, Total Wealth Planning & Management Inc. bought a new position in Datadog during the fourth quarter valued at $314,000. Institutional investors own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wolfe Research raised shares of Datadog from a “peer perform” rating to an “outperform” rating and set a $150.00 target price for the company in a research note on Thursday, June 12th. Cantor Fitzgerald raised their price objective on shares of Datadog from $134.00 to $171.00 and gave the company an “overweight” rating in a research note on Wednesday. Royal Bank Of Canada restated an “outperform” rating and set a $119.00 price objective on shares of Datadog in a research note on Wednesday, May 7th. Truist Financial reduced their price objective on shares of Datadog from $140.00 to $120.00 and set a “hold” rating for the company in a research note on Monday, March 31st. Finally, Jefferies Financial Group restated a “buy” rating on shares of Datadog in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and an average target price of $145.34.

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.