Sean Michael Walters Sells 2,351 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters sold 2,351 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $125.00, for a total value of $293,875.00. Following the transaction, the executive now directly owns 197,421 shares of the company’s stock, valued at approximately $24,677,625. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Sean Michael Walters also recently made the following trade(s):

• On Tuesday, June 11th, Sean Michael Walters sold 3,134 shares of Datadog stock. The stock was sold at an average price of $113.58, for a total value of $355,959.72.
• On Monday, June 3rd, Sean Michael Walters sold 8,394 shares of Datadog stock. The stock was sold at an average price of $109.45, for a total value of $918,723.30.
• On Thursday, April 11th, Sean Michael Walters sold 10,000 shares of Datadog stock. The stock was sold at an average price of $129.86, for a total value of $1,298,600.00.

Datadog Stock Performance

Shares of NASDAQ:DDOG traded up $0.81 during trading on Monday, hitting $130.50. 3,935,400 shares of the company traded hands, compared to its average volume of 4,148,527. The stock has a market capitalization of $43.65 billion, a price-to-earnings ratio of 407.81, a PEG ratio of 42.70 and a beta of 1.09. The business’s fifty day moving average is $119.81 and its 200-day moving average is $123.21. Datadog, Inc. has a one year low of $77.81 and a one year high of $138.61. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.34.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data 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 business had revenue of $611.25 million during the quarter, compared to the consensus estimate of $589.97 million. Datadog had a return on equity of 7.48% and a net margin of 5.11%. As a group, equities analysts predict that Datadog, Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Datadog

Institutional investors have recently added to or reduced their stakes in the company. Riverview Trust Co acquired a new stake in shares of Datadog during the 1st quarter valued at $26,000. Anchor Investment Management LLC acquired a new stake in shares of Datadog during the 4th quarter valued at $25,000. Raleigh Capital Management Inc. acquired a new stake in shares of Datadog during the 4th quarter valued at $29,000. Private Trust Co. NA lifted its position in shares of Datadog by 743.3% during the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after acquiring an additional 223 shares during the last quarter. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Datadog during the 4th quarter valued at $33,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Barclays dropped their price target on Datadog from $152.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Monness Crespi & Hardt restated a “sell” rating and set a $98.00 price objective (down previously from $290.00) on shares of Datadog in a report on Friday, June 14th. BMO Capital Markets decreased their price objective on Datadog from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $152.00 target price on shares of Datadog in a report on Monday, April 22nd. Finally, Wells Fargo & Company upgraded Datadog from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $130.00 to $150.00 in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and an average target price of $136.04.

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.