Datadog, Inc. (NASDAQ:DDOG) Insider Sells $34,011.00 in Stock

Datadog, Inc. (NASDAQ:DDOG) insider Madre Armelle De sold 300 shares of Datadog stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $113.37, for a total value of $34,011.00. Following the completion of the transaction, the insider now owns 100,053 shares in the company, valued at approximately $11,343,008.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Madre Armelle De also recently made the following trade(s):

• On Monday, April 8th, Madre Armelle De sold 600 shares of Datadog stock. The stock was sold at an average price of $125.34, for a total transaction of $75,204.00.
• On Tuesday, March 12th, Madre Armelle De sold 4,276 shares of Datadog stock. The shares were sold at an average price of $121.79, for a total transaction of $520,774.04.
• On Monday, March 4th, Madre Armelle De sold 12,654 shares of Datadog stock. The stock was sold at an average price of $128.58, for a total transaction of $1,627,051.32.

Datadog Stock Down 1.2 %

DDOG stock traded down $1.41 during mid-day trading on Thursday, reaching $115.87. 3,442,909 shares of the company traded hands, compared to its average volume of 4,278,778. 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 firm’s 50 day moving average price is $124.30 and its 200 day moving average price is $119.14. The stock has a market cap of $38.45 billion, a price-to-earnings ratio of 965.58 and a beta of 1.14. Datadog, Inc. has a fifty-two week low of $77.81 and a fifty-two week high of $138.61.

Datadog (NASDAQ:DDOG) last announced its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $589.65 million for the quarter, compared to analysts’ expectations of $568.73 million. Datadog had a return on equity of 3.79% and a net margin of 2.28%. Datadog’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. As a group, equities research analysts predict that Datadog, Inc. will post -0.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on DDOG shares. Stifel Nicolaus reiterated a “buy” rating and issued a $152.00 target price on shares of Datadog in a research report on Monday, April 22nd. Barclays cut their target price on shares of Datadog from $152.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday. William Blair restated an “outperform” rating on shares of Datadog in a research report on Friday, February 16th. Canaccord Genuity Group reiterated a “buy” rating and set a $150.00 price target on shares of Datadog in a report on Friday, February 23rd. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $146.00 price objective on shares of Datadog in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.58.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DDOG. Element Capital Management LLC purchased a new stake in Datadog in the 1st quarter valued at about $993,000. Blair William & Co. IL lifted its holdings in Datadog by 2.2% during the first quarter. Blair William & Co. IL now owns 31,372 shares of the company’s stock worth $3,878,000 after acquiring an additional 686 shares during the period. Picton Mahoney Asset Management boosted its position in Datadog by 5.7% in the first quarter. Picton Mahoney Asset Management now owns 28,531 shares of the company’s stock worth $3,525,000 after purchasing an additional 1,537 shares during the last quarter. Midwest Professional Planners LTD. grew its stake in Datadog by 13.3% in the 1st quarter. Midwest Professional Planners LTD. now owns 2,707 shares of the company’s stock valued at $335,000 after purchasing an additional 318 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Datadog by 19.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 204,116 shares of the company’s stock valued at $25,229,000 after purchasing an additional 32,538 shares during the last quarter. 78.29% of the stock is owned by 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.