Datadog (NASDAQ:DDOG) Director Michael James Callahan Sells 12,500 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) Director Michael James Callahan sold 12,500 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $187.47, for a total transaction of $2,343,375.00. Following the completion of the sale, the director owned 12,496 shares of the company’s stock, valued at $2,342,625.12. The trade was a 50.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Michael James Callahan also recently made the following trade(s):

• On Tuesday, October 14th, Michael James Callahan sold 8,333 shares of Datadog stock. The shares were sold at an average price of $160.55, for a total transaction of $1,337,863.15.
• On Monday, October 6th, Michael James Callahan sold 91,667 shares of Datadog stock. The shares were sold at an average price of $157.60, for a total value of $14,446,719.20.

Datadog Stock Up 4.4%

Shares of NASDAQ:DDOG opened at $199.72 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.43 and a current ratio of 3.66. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $201.46. The business’s 50 day simple moving average is $151.13 and its two-hundred day simple moving average is $135.91. The firm has a market cap of $69.65 billion, a P/E ratio of 644.26, a PEG ratio of 54.29 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.10. The firm had revenue of $885.65 million for the quarter, compared to analyst estimates of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The business’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same period last year, the firm earned $0.46 earnings per share. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. As a group, research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Institutional Trading of Datadog

Hedge funds have recently added to or reduced their stakes in the stock. Motley Fool Asset Management LLC increased its holdings in shares of Datadog by 149.0% in the first quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company’s stock worth $3,783,000 after buying an additional 22,818 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Datadog by 178.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company’s stock valued at $9,032,000 after acquiring an additional 58,369 shares during the period. Mizuho Markets Americas LLC bought a new position in Datadog during the 1st quarter worth approximately $15,526,000. Slow Capital Inc. increased its stake in Datadog by 124.0% in the 1st quarter. Slow Capital Inc. now owns 60,223 shares of the company’s stock worth $5,975,000 after purchasing an additional 33,332 shares during the period. Finally, Temasek Holdings Private Ltd lifted its position in Datadog by 585.0% in the first quarter. Temasek Holdings Private Ltd now owns 108,827 shares of the company’s stock valued at $10,797,000 after purchasing an additional 92,939 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on DDOG shares. Monness Crespi & Hardt increased their price target on Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Oppenheimer increased their target price on shares of Datadog from $165.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Bank of America raised their price target on shares of Datadog from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Friday. Evercore ISI upped their price objective on shares of Datadog from $170.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Scotiabank increased their price objective on shares of Datadog from $150.00 to $217.00 and gave the company a “sector outperform” rating in a research note on Friday. Thirty equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $203.42.

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.