Datadog, Inc. (NASDAQ:DDOG) COO Sells $2,686,293.36 in Stock

Datadog, Inc. (NASDAQ:DDOG) COO Adam Blitzer sold 20,892 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $128.58, for a total transaction of $2,686,293.36. Following the transaction, the chief operating officer now owns 203,503 shares of the company’s stock, valued at approximately $26,166,415.74. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Datadog Stock Performance

DDOG traded up $1.06 during trading on Wednesday, reaching $124.59. 4,473,902 shares of the company’s stock were exchanged, compared to its average volume of 4,889,264. Datadog, Inc. has a fifty-two week low of $62.60 and a fifty-two week high of $138.61. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average price of $126.50 and a 200 day moving average price of $109.16. The company has a market capitalization of $41.35 billion, a P/E ratio of 1,021.25 and a beta of 1.17.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The firm had revenue of $589.65 million for the quarter, compared to the consensus estimate of $568.73 million. During the same quarter in the previous year, the company earned ($0.08) earnings per share. The business’s revenue was up 25.6% compared to the same quarter last year. As a group, analysts predict that Datadog, Inc. will post -0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Datadog

Several institutional investors and hedge funds have recently made changes to their positions in the company. Creekmur Asset Management LLC acquired a new stake in shares of Datadog in the 4th quarter valued at $901,000. American International Group Inc. boosted its stake in shares of Datadog by 2.0% in the 4th quarter. American International Group Inc. now owns 25,619 shares of the company’s stock valued at $3,110,000 after purchasing an additional 496 shares in the last quarter. Syon Capital LLC acquired a new stake in shares of Datadog in the 4th quarter valued at $666,000. Sierra Summit Advisors LLC acquired a new stake in shares of Datadog in the 4th quarter valued at $4,527,000. Finally, Raleigh Capital Management Inc. acquired a new stake in shares of Datadog in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 68.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DDOG. Canaccord Genuity Group restated a “buy” rating and set a $150.00 price objective on shares of Datadog in a research report on Friday, February 23rd. Barclays raised their target price on shares of Datadog from $138.00 to $152.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. BMO Capital Markets reiterated an “outperform” rating and issued a $155.00 target price (up from $140.00) on shares of Datadog in a report on Wednesday, February 14th. Truist Financial raised their target price on shares of Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Finally, Robert W. Baird raised their target price on shares of Datadog from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Seven research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $128.18.

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.