Datadog (NASDAQ:DDOG) COO Adam Blitzer Sells 8,508 Shares

Datadog, Inc. (NASDAQ:DDOG) COO Adam Blitzer sold 8,508 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $158.60, for a total transaction of $1,349,368.80. Following the completion of the transaction, the chief operating officer owned 173,220 shares in the company, valued at $27,472,692. This represents a 4.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, December 3rd, Adam Blitzer sold 8,023 shares of Datadog stock. The stock was sold at an average price of $154.61, for a total transaction of $1,240,436.03.

Datadog Trading Down 1.8%

Shares of Datadog stock traded down $2.83 on Thursday, hitting $153.00. 3,657,455 shares of the company’s stock traded hands, compared to its average volume of 5,479,387. The firm’s 50-day moving average price is $162.18 and its two-hundred day moving average price is $142.90. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66. The stock has a market capitalization of $53.65 billion, a PE ratio of 493.55, a price-to-earnings-growth ratio of 35.52 and a beta of 1.23. Datadog, Inc. has a one year low of $81.63 and a one year high of $201.69.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The business had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. During the same period in the previous year, the firm earned $0.46 earnings per share. The firm’s quarterly revenue was up 28.4% compared to the same quarter last year. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. On average, research analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Datadog

Institutional investors have recently bought and sold shares of the company. Rothschild Investment LLC raised its holdings in shares of Datadog by 126.6% in the third quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Physician Wealth Advisors Inc. grew its position in Datadog by 315.2% in the third quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock valued at $27,000 after purchasing an additional 145 shares in the last quarter. Westside Investment Management Inc. increased its stake in Datadog by 74.3% in the 3rd quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after buying an additional 75 shares during the last quarter. JPL Wealth Management LLC bought a new stake in Datadog during the 3rd quarter worth about $27,000. Finally, Tripletail Wealth Management LLC bought a new stake in Datadog during the 3rd quarter worth about $28,000. Institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DDOG. Needham & Company LLC boosted their price target on shares of Datadog from $175.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Cantor Fitzgerald boosted their target price on Datadog from $179.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. BMO Capital Markets increased their price target on Datadog from $154.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. BNP Paribas Exane lifted their price objective on Datadog from $160.00 to $210.00 in a report on Friday, November 7th. Finally, Royal Bank Of Canada increased their target price on Datadog from $182.00 to $216.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Thirty-one investment 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $207.38.

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.