Datadog, Inc. (NASDAQ:DDOG) General Counsel Sells $206,260.04 in Stock

Datadog, Inc. (NASDAQ:DDOGGet Rating) General Counsel Kerry Acocella sold 2,044 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $100.91, for a total transaction of $206,260.04. Following the sale, the general counsel now directly owns 45,071 shares in the company, valued at approximately $4,548,114.61. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Kerry Acocella also recently made the following trade(s):

  • On Wednesday, March 2nd, Kerry Acocella sold 268 shares of Datadog stock. The shares were sold at an average price of $157.83, for a total transaction of $42,298.44.

NASDAQ:DDOG opened at $108.86 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.54 and a current ratio of 3.33. The company has a fifty day moving average of $131.16 and a two-hundred day moving average of $152.02. Datadog, Inc. has a fifty-two week low of $76.80 and a fifty-two week high of $199.68.

Datadog (NASDAQ:DDOGGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.13. The company had revenue of $363.03 million during the quarter, compared to analysts’ expectations of $337.81 million. Datadog had a net margin of 0.17% and a return on equity of 1.53%. The firm’s revenue for the quarter was up 82.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.03) earnings per share. As a group, sell-side analysts anticipate that Datadog, Inc. will post -0.15 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. UMB Bank N A MO purchased a new stake in shares of Datadog during the fourth quarter worth $25,000. Retirement Planning Co of New England Inc. purchased a new stake in shares of Datadog during the fourth quarter worth $27,000. Optimum Investment Advisors purchased a new stake in shares of Datadog during the fourth quarter worth $27,000. Riverview Trust Co purchased a new stake in shares of Datadog during the first quarter worth $27,000. Finally, SJS Investment Consulting Inc. purchased a new stake in shares of Datadog during the first quarter worth $27,000. 65.17% of the stock is owned by institutional investors and hedge funds.

DDOG has been the topic of several recent research reports. The Goldman Sachs Group dropped their price objective on shares of Datadog from $250.00 to $223.00 and set a “buy” rating on the stock in a report on Thursday, April 14th. KeyCorp dropped their price objective on shares of Datadog from $210.00 to $160.00 and set an “overweight” rating on the stock in a report on Monday, April 25th. Raymond James upped their price objective on shares of Datadog from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, February 11th. Rosenblatt Securities dropped their price objective on shares of Datadog from $195.00 to $180.00 in a report on Monday, May 2nd. Finally, BTIG Research assumed coverage on shares of Datadog in a report on Tuesday, March 22nd. They issued a “buy” rating and a $175.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, Datadog has an average rating of “Buy” and a consensus target price of $174.38.

About Datadog (Get Rating)

Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of its customers technology stack.

See Also

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

Receive News & Ratings for Datadog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Datadog and related companies with MarketBeat.com's FREE daily email newsletter.