Datadog (NASDAQ:DDOG) CRO Sean Michael Walters Sells 11,710 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) CRO Sean Walters sold 11,710 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $221.04, for a total transaction of $2,588,378.40. Following the transaction, the executive owned 233,135 shares in the company, valued at approximately $51,532,160.40. This trade represents a 4.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 2nd, Sean Walters sold 13,575 shares of Datadog stock. The stock was sold at an average price of $212.90, for a total transaction of $2,890,117.50.

Datadog Trading Up 0.1%

DDOG opened at $230.27 on Wednesday. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $292.72. The stock has a market capitalization of $82.69 billion, a PE ratio of 469.95, a PEG ratio of 22.45 and a beta of 1.49. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $244.55 and a two-hundred day moving average price of $199.06.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. The business had revenue of $1.12 billion for 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%. Datadog’s revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. As a group, equities analysts anticipate that Datadog, Inc. will post 0.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Datadog

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Datadog by 2.2% in the 4th 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 increased its holdings in shares of Datadog by 22.8% in the first 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 raised its position in shares of Datadog by 81.5% during the first quarter. First Trust Advisors LP now owns 3,685,562 shares of the company’s stock worth $435,081,000 after purchasing an additional 1,654,429 shares during the period. Norges Bank acquired a new position in shares of Datadog in the 4th quarter valued at approximately $469,461,000. Finally, Bank of New York Mellon Corp grew its position in shares of Datadog by 30.3% in the 1st quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company’s stock valued at $312,340,000 after purchasing an additional 615,090 shares during the period. 78.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DDOG shares. Rosenblatt Securities raised their price target on Datadog from $220.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Morgan Stanley raised their target price on shares of Datadog from $225.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Mizuho boosted their price target on shares of Datadog from $220.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. UBS Group lowered their target price on shares of Datadog from $315.00 to $280.00 and set a “buy” rating for the company in a report on Friday, August 7th. Finally, Zacks Research cut shares of Datadog from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $276.66.

Datadog Company Profile

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.