David M. Obstler Sells 5,000 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOGGet Rating) CFO David M. Obstler sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $100.25, for a total transaction of $501,250.00. Following the transaction, the chief financial officer now directly owns 209,810 shares in the company, valued at approximately $21,033,452.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Datadog Price Performance

Datadog stock opened at $112.42 on Thursday. The company has a fifty day simple moving average of $98.09 and a 200-day simple moving average of $121.99. 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 $35.41 billion, a price-to-earnings ratio of -11,242,000.00 and a beta of 1.15. Datadog, Inc. has a 52-week low of $81.12 and a 52-week high of $199.68.

Datadog (NASDAQ:DDOGGet Rating) last released its earnings results on Thursday, May 5th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.10. The firm had revenue of $363.03 million for the quarter, compared to analyst estimates of $337.81 million. Datadog had a net margin of 0.17% and a return on equity of 1.53%. The business’s quarterly revenue was up 82.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.03) earnings per share. On average, equities analysts anticipate that Datadog, Inc. will post -0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Datadog

A number of hedge funds and other institutional investors have recently bought and sold shares of DDOG. Vanguard Group Inc. grew its holdings in Datadog by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 22,492,050 shares of the company’s stock valued at $3,406,871,000 after buying an additional 322,533 shares during the period. ICONIQ Capital LLC grew its stake in Datadog by 245.4% during the 1st quarter. ICONIQ Capital LLC now owns 15,791,929 shares of the company’s stock worth $2,392,003,000 after buying an additional 11,219,544 shares during the last quarter. Capital Research Global Investors boosted its position in Datadog by 7.8% during the 1st quarter. Capital Research Global Investors now owns 5,002,081 shares of the company’s stock worth $757,665,000 after acquiring an additional 360,371 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Datadog by 14.1% in the fourth quarter. Geode Capital Management LLC now owns 3,328,280 shares of the company’s stock valued at $592,147,000 after buying an additional 410,717 shares during the period. Finally, Dragoneer Investment Group LLC lifted its holdings in shares of Datadog by 6.2% during the first quarter. Dragoneer Investment Group LLC now owns 2,900,390 shares of the company’s stock valued at $439,322,000 after purchasing an additional 168,230 shares during the last quarter. Institutional investors and hedge funds own 65.17% of the company’s stock.

Analysts Set New Price Targets

DDOG has been the topic of a number of research reports. Canaccord Genuity Group initiated coverage on shares of Datadog in a research report on Thursday, July 7th. They set a “hold” rating and a $120.00 target price on the stock. Mizuho cut their target price on shares of Datadog from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, July 19th. Royal Bank of Canada cut their price objective on shares of Datadog from $167.00 to $115.00 and set a “maintains” rating on the stock in a research report on Monday, July 25th. Rosenblatt Securities cut their price objective on shares of Datadog from $180.00 to $146.00 and set a “buy” rating on the stock in a research report on Friday, July 29th. Finally, KeyCorp cut their price objective on shares of Datadog from $160.00 to $132.00 and set an “overweight” rating on the stock in a research report on Friday, July 22nd. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Datadog has an average rating of “Moderate Buy” and an average price target of $164.45.

Datadog Company Profile

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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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