Insider Selling: Datadog (NASDAQ:DDOG) Insider Sells 6,715 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) insider Yanbing Li sold 6,715 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total value of $1,064,999.00. Following the sale, the insider directly owned 199,394 shares in the company, valued at $31,623,888.40. This trade represents a 3.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Datadog Stock Down 1.8%

DDOG traded down $2.83 on Thursday, reaching $153.00. The company’s stock had a trading volume of 3,657,455 shares, compared to its average volume of 5,479,387. The company has a market capitalization of $53.65 billion, a price-to-earnings ratio of 493.55, a P/E/G ratio of 35.52 and a beta of 1.23. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $201.69. The stock has a 50 day moving average of $162.18 and a two-hundred day moving average of $142.90.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.10. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The firm had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. During the same period last year, the firm posted $0.46 EPS. The company’s revenue was up 28.4% on a year-over-year basis. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. As a group, analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on DDOG. Capital One Financial increased their price objective on Datadog from $149.00 to $179.00 in a report on Thursday, October 16th. Morgan Stanley lifted their price objective on Datadog from $165.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. BTIG Research increased their target price on Datadog from $184.00 to $221.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Robert W. Baird increased their target price on shares of Datadog from $165.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, Cowen reaffirmed a “buy” rating on shares of Datadog in a research note on Thursday, November 6th. Thirty-one analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $207.38.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Allworth Financial LP raised its stake in Datadog by 5.1% during the third quarter. Allworth Financial LP now owns 2,249 shares of the company’s stock worth $320,000 after purchasing an additional 109 shares during the period. IFP Advisors Inc lifted its stake in shares of Datadog by 2.6% during the third quarter. IFP Advisors Inc now owns 14,712 shares of the company’s stock worth $2,098,000 after purchasing an additional 369 shares in the last quarter. Swiss Life Asset Management Ltd boosted its holdings in Datadog by 10.4% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 28,126 shares of the company’s stock worth $4,005,000 after acquiring an additional 2,651 shares during the period. BlueCrest Capital Management Ltd purchased a new position in shares of Datadog in the third quarter valued at $2,599,000. Finally, Watts Gwilliam & Co. LLC grew its stake in shares of Datadog by 0.6% during the third quarter. Watts Gwilliam & Co. LLC now owns 17,832 shares of the company’s stock valued at $2,539,000 after acquiring an additional 100 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other 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.