Insider Selling: Datadog, Inc. (NASDAQ:DDOG) Director Sells 18,415 Shares of Stock

Datadog, Inc. (NASDAQ:DDOGGet Free Report) Director Matthew Jacobson sold 18,415 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $119.52, for a total value of $2,200,960.80. Following the completion of the transaction, the director now directly owns 44,387 shares in the company, valued at approximately $5,305,134.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Datadog Stock Down 0.6 %

NASDAQ:DDOG opened at $116.50 on Thursday. Datadog, Inc. has a twelve month low of $77.81 and a twelve month high of $138.61. The firm has a market capitalization of $38.97 billion, a price-to-earnings ratio of 364.06, a price-to-earnings-growth ratio of 45.65 and a beta of 1.09. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average price is $120.36 and its two-hundred day moving average price is $122.86.

Datadog (NASDAQ:DDOGGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.20. The firm had revenue of $611.25 million for the quarter, compared to analyst estimates of $589.97 million. Datadog had a net margin of 5.11% and a return on equity of 7.48%. Equities research analysts expect that Datadog, Inc. will post 0.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DDOG has been the topic of a number of recent analyst reports. Baird R W upgraded Datadog from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $150.00 target price on shares of Datadog in a report on Wednesday, April 17th. Bank of America raised shares of Datadog from a “neutral” rating to a “buy” rating and boosted their price target for the company from $143.00 to $155.00 in a report on Thursday, May 30th. Barclays dropped their price objective on Datadog from $152.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Finally, Monness Crespi & Hardt reissued a “sell” rating and issued a $98.00 target price (down from $290.00) on shares of Datadog in a research note on Friday, June 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $136.04.

Get Our Latest Stock Report on DDOG

Institutional Investors Weigh In On Datadog

Several hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC lifted its position in shares of Datadog by 3.7% in the third quarter. HighTower Advisors LLC now owns 25,412 shares of the company’s stock valued at $2,325,000 after buying an additional 907 shares during the last quarter. Kestra Advisory Services LLC boosted its position in Datadog by 25.1% during the third quarter. Kestra Advisory Services LLC now owns 10,988 shares of the company’s stock worth $1,001,000 after purchasing an additional 2,207 shares during the period. Korea Investment CORP increased its holdings in shares of Datadog by 511.8% in the third quarter. Korea Investment CORP now owns 186,159 shares of the company’s stock valued at $16,957,000 after purchasing an additional 155,729 shares during the last quarter. QRG Capital Management Inc. bought a new position in shares of Datadog in the third quarter valued at about $415,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Datadog during the 3rd quarter worth about $2,786,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

About Datadog

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Datadog (NASDAQ:DDOG)

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