Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters Sells 10,000 Shares

Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters sold 10,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $129.86, for a total transaction of $1,298,600.00. Following the completion of the sale, the executive now owns 162,706 shares in the company, valued at approximately $21,129,001.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sean Michael Walters also recently made the following trade(s):

• On Wednesday, March 13th, Sean Michael Walters sold 4,237 shares of Datadog stock. The stock was sold at an average price of $125.00, for a total transaction of $529,625.00.
• On Monday, March 11th, Sean Michael Walters sold 5,650 shares of Datadog stock. The shares were sold at an average price of $120.86, for a total transaction of $682,859.00.
• On Monday, March 4th, Sean Michael Walters sold 20,692 shares of Datadog stock. The shares were sold at an average price of $128.58, for a total transaction of $2,660,577.36.
• On Wednesday, January 17th, Sean Michael Walters sold 10,006 shares of Datadog stock. The shares were sold at an average price of $125.00, for a total transaction of $1,250,750.00.

Datadog Stock Down 1.3 %

Shares of DDOG stock opened at $125.82 on Tuesday. The company has a market capitalization of $41.76 billion, a price-to-earnings ratio of 1,048.50 and a beta of 1.16. Datadog, Inc. has a one year low of $62.60 and a one year high of $138.61. The company’s fifty day moving average price is $126.50 and its 200-day moving average price is $115.18. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17.

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on DDOG shares. Royal Bank of Canada increased their price target on shares of Datadog from $145.00 to $151.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. BMO Capital Markets reiterated an “outperform” rating and set a $155.00 price target (up previously from $140.00) on shares of Datadog in a report on Wednesday, February 14th. Barclays raised their target price on shares of Datadog from $138.00 to $152.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. Mizuho raised their target price on shares of Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Finally, Wolfe Research raised their target price on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Six analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $130.33.

Institutional Trading of Datadog

A number of institutional investors and hedge funds have recently bought and sold shares of DDOG. Anchor Investment Management LLC bought a new stake in Datadog in the 4th quarter valued at $25,000. Riverview Trust Co bought a new stake in Datadog in the 1st quarter valued at $26,000. Raleigh Capital Management Inc. bought a new stake in Datadog in the 4th quarter valued at $29,000. BluePath Capital Management LLC bought a new stake in Datadog in the 3rd quarter valued at $31,000. Finally, Private Trust Co. NA increased its holdings in Datadog by 743.3% in the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after acquiring an additional 223 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

About Datadog

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.