Insider Selling: Datadog, Inc. (NASDAQ:DDOG) CRO Sells 1,471 Shares of Stock

Datadog, Inc. (NASDAQ:DDOGGet Rating) CRO Sean Michael Walters sold 1,471 shares of Datadog stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $102.22, for a total value of $150,365.62. Following the completion of the transaction, the executive now directly owns 154,639 shares in the company, valued at $15,807,198.58. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of NASDAQ DDOG traded down $2.28 on Monday, hitting $103.16. The company had a trading volume of 3,958,714 shares, compared to its average volume of 5,085,210. Datadog, Inc. has a 12-month low of $82.15 and a 12-month high of $199.68. The business has a 50 day moving average of $118.40 and a two-hundred day moving average of $142.75. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $32.50 billion, a P/E ratio of -10,310,000.00 and a beta of 1.28.

Datadog (NASDAQ:DDOGGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.13. Datadog had a return on equity of 1.53% and a net margin of 0.17%. The firm had revenue of $363.03 million during the quarter, compared to the consensus estimate of $337.81 million. During the same quarter in the prior year, the business posted ($0.03) earnings per share. Datadog’s revenue for the quarter was up 82.8% on a year-over-year basis. On average, sell-side analysts anticipate that Datadog, Inc. will post -0.14 earnings per share for the current year.

A number of brokerages have recently issued reports on DDOG. Needham & Company LLC lowered their price target on Datadog from $236.00 to $190.00 and set a “buy” rating on the stock in a report on Tuesday, February 8th. Citigroup lowered their price objective on Datadog from $220.00 to $195.00 in a research note on Friday, May 6th. Barclays decreased their price target on Datadog from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Tuesday, April 19th. Morgan Stanley decreased their price objective on Datadog from $210.00 to $159.00 in a report on Friday, May 6th. Finally, Jefferies Financial Group reduced their target price on shares of Datadog from $170.00 to $125.00 in a report on Monday, May 23rd. Five investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $169.86.

Institutional investors have recently made changes to their positions in the company. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Datadog during the 4th quarter worth approximately $3,228,000. KRS Capital Management LLC bought a new position in Datadog during the 4th quarter valued at $52,000. North Star Asset Management Inc. boosted its stake in Datadog by 1.2% during the 4th quarter. North Star Asset Management Inc. now owns 48,676 shares of the company’s stock valued at $8,669,000 after purchasing an additional 568 shares in the last quarter. Northside Capital Management LLC boosted its stake in Datadog by 48.2% during the 4th quarter. Northside Capital Management LLC now owns 13,944 shares of the company’s stock valued at $2,484,000 after purchasing an additional 4,537 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Datadog by 23.2% during the 4th quarter. Nuveen Asset Management LLC now owns 885,780 shares of the company’s stock valued at $157,766,000 after purchasing an additional 166,978 shares in the last quarter. Institutional investors and hedge funds own 65.17% of the company’s stock.

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.

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