Datadog, Inc. (NASDAQ:DDOG) CFO David M. Obstler Sells 10,000 Shares

Datadog, Inc. (NASDAQ:DDOG) CFO David M. Obstler sold 10,000 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $108.37, for a total transaction of $1,083,700.00. Following the transaction, the chief financial officer now owns 260,617 shares of the company’s stock, valued at approximately $28,243,064.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Datadog Price Performance

DDOG stock opened at $109.54 on Friday. The stock has a market capitalization of $35.99 billion, a price-to-earnings ratio of -912.76, a PEG ratio of 35.32 and a beta of 1.02. The firm’s 50-day moving average price is $91.59 and its two-hundred day moving average price is $94.94. The company has a current ratio of 3.35, a quick ratio of 3.35 and a debt-to-equity ratio of 0.41. Datadog, Inc. has a 12-month low of $61.34 and a 12-month high of $118.02.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its stake in shares of Datadog by 25.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,718 shares of the company’s stock valued at $412,000 after buying an additional 558 shares during the period. MetLife Investment Management LLC bought a new position in Datadog in the 1st quarter worth $2,494,000. Yousif Capital Management LLC lifted its position in shares of Datadog by 9.3% in the 1st quarter. Yousif Capital Management LLC now owns 3,631 shares of the company’s stock worth $550,000 after purchasing an additional 310 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Datadog by 11.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 139,546 shares of the company’s stock valued at $21,137,000 after purchasing an additional 14,658 shares in the last quarter. Finally, Blair William & Co. IL raised its stake in Datadog by 20.0% in the first quarter. Blair William & Co. IL now owns 10,343 shares of the company’s stock worth $1,567,000 after buying an additional 1,725 shares in the last quarter. Hedge funds and other institutional investors own 68.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Piper Sandler upgraded shares of Datadog from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $88.00 to $115.00 in a research report on Monday, October 2nd. Wells Fargo & Company downgraded shares of Datadog from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $120.00 to $95.00 in a report on Friday, October 27th. Rosenblatt Securities increased their price target on shares of Datadog from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Raymond James increased their price target on shares of Datadog from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. Finally, Wolfe Research raised shares of Datadog from a “peer perform” rating to an “outperform” rating and set a $140.00 target price on the stock in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $109.17.

Datadog Company Profile

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products include infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, network monitoring, incident management, observability pipelines, cloud cost management, universal service monitoring, cloud security management, application security management.