Datadog (NASDAQ:DDOG) COO Sells $1,050,433.50 in Stock

Datadog, Inc. (NASDAQ:DDOG) COO Adam Blitzer sold 7,950 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $132.13, for a total value of $1,050,433.50. Following the sale, the chief operating officer owned 181,728 shares in the company, valued at approximately $24,011,720.64. The trade was a 4.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Adam Blitzer also recently made the following trade(s):

• On Tuesday, September 2nd, Adam Blitzer sold 8,581 shares of Datadog stock. The stock was sold at an average price of $133.85, for a total value of $1,148,566.85.

Datadog Stock Up 3.3%

Shares of NASDAQ:DDOG opened at $136.08 on Friday. The company has a market capitalization of $47.46 billion, a price-to-earnings ratio of 388.81, a price-to-earnings-growth ratio of 54.78 and a beta of 1.10. The company has a 50 day moving average of $137.78 and a two-hundred day moving average of $119.34. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, August 7th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. The business had revenue of $826.76 million for the quarter, compared to analysts’ expectations of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 earnings per share. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. As a group, analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DDOG. DA Davidson set a $160.00 price objective on shares of Datadog and gave the company a “buy” rating in a research report on Tuesday, August 5th. Guggenheim reiterated a “sell” rating and issued a $105.00 price target on shares of Datadog in a research note on Tuesday, July 8th. Stifel Nicolaus increased their price target on Datadog from $120.00 to $135.00 and gave the company a “hold” rating in a report on Thursday, June 26th. Mizuho raised their price objective on Datadog from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Finally, Canaccord Genuity Group upped their target price on Datadog from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Twenty-four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus price target of $153.10.

Institutional Trading of Datadog

Hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its position in shares of Datadog by 259.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock worth $858,994,000 after acquiring an additional 6,250,942 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Datadog by 17,477.2% during the 4th quarter. Janus Henderson Group PLC now owns 4,016,558 shares of the company’s stock valued at $573,923,000 after acquiring an additional 3,993,707 shares in the last quarter. Norges Bank acquired a new stake in shares of Datadog during the 2nd quarter valued at approximately $347,728,000. Brown Advisory Inc. lifted its stake in Datadog by 76.5% during the first quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company’s stock worth $481,467,000 after purchasing an additional 2,103,838 shares during the last quarter. Finally, Dragoneer Investment Group LLC boosted its holdings in Datadog by 729.5% in the second quarter. Dragoneer Investment Group LLC now owns 2,254,563 shares of the company’s stock worth $302,855,000 after purchasing an additional 1,982,763 shares during the period. 78.29% of the stock is owned by institutional investors.

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.