Insider Selling: Datadog (NASDAQ:DDOG) General Counsel Sells 5,280 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) General Counsel Kerry Acocella sold 5,280 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $228.85, for a total value of $1,208,328.00. Following the completion of the sale, the general counsel owned 115,243 shares of the company’s stock, valued at approximately $26,373,360.55. This trade represents a 4.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kerry Acocella also recently made the following trade(s):

• On Wednesday, September 2nd, Kerry Acocella sold 7,343 shares of Datadog stock. The stock was sold at an average price of $212.90, for a total value of $1,563,324.70.

Datadog Price Performance

Shares of DDOG traded up $0.52 during mid-day trading on Wednesday, hitting $230.79. The company’s stock had a trading volume of 2,748,138 shares, compared to its average volume of 5,419,986. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $292.72. The stock has a market capitalization of $82.87 billion, a price-to-earnings ratio of 471.01, a PEG ratio of 22.45 and a beta of 1.49. The firm has a 50-day moving average price of $244.55 and a 200 day moving average price of $199.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. On average, research analysts predict that Datadog, Inc. will post 0.7 EPS for the current fiscal year.

Institutional Trading of Datadog

Several hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its holdings in shares of Datadog by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 9,056,086 shares of the company’s stock valued at $1,227,184,000 after buying an additional 197,816 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Datadog by 22.8% in the 1st quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock worth $905,570,000 after acquiring an additional 1,439,082 shares in the last quarter. First Trust Advisors LP lifted its stake in Datadog by 81.5% in the 1st quarter. First Trust Advisors LP now owns 3,685,562 shares of the company’s stock worth $435,081,000 after acquiring an additional 1,654,429 shares in the last quarter. Norges Bank acquired a new stake in Datadog during the 4th quarter worth about $469,461,000. Finally, Bank of New York Mellon Corp boosted its position in Datadog by 30.3% during the 1st quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company’s stock worth $312,340,000 after acquiring an additional 615,090 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DDOG shares. Guggenheim lifted their target price on Datadog from $225.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Raymond James Financial reiterated an “outperform” rating and issued a $280.00 price target on shares of Datadog in a research report on Thursday, August 6th. Robert W. Baird set a $300.00 price target on Datadog in a research note on Friday, August 7th. Mizuho lifted their price target on Datadog from $220.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Finally, Citizens Jmp boosted their price objective on Datadog from $225.00 to $311.00 and gave the stock a “market outperform” rating in a report on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $276.66.

About Datadog

Datadog, Inc (NASDAQ:DDOG) is a cloud-based software company that provides monitoring, observability, security and analytics tools for modern applications and information technology environments. Its platform helps organizations collect, correlate and analyze data from servers, databases, applications, containers, networks and cloud services in a unified environment.

The company’s products include infrastructure monitoring, application performance monitoring, log management, real user and synthetic monitoring, database monitoring, cloud security, software delivery tools, incident management and cloud cost management.