Datadog (NASDAQ:DDOG) Shares Down 4.8% After Insider Selling

Datadog, Inc. (NASDAQ:DDOG)’s share price was down 4.8% during mid-day trading on Thursday after an insider sold shares in the company. The stock traded as low as $168.43 and last traded at $167.8170. Approximately 2,491,231 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 5,495,266 shares. The stock had previously closed at $176.31.

Specifically, CEO Olivier Pomel sold 100,754 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $181.18, for a total transaction of $18,254,609.72. Following the transaction, the chief executive officer directly owned 533,358 shares of the company’s stock, valued at approximately $96,633,802.44. This trade represents a 15.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Olivier Pomel sold 100,754 shares of Datadog stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $181.18, for a total transaction of $18,254,609.72. Following the completion of the sale, the chief executive officer owned 533,358 shares of the company’s stock, valued at approximately $96,633,802.44. The trade was a 15.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Analyst Upgrades and Downgrades

A number of research firms have commented on DDOG. BTIG Research raised their price objective on Datadog from $184.00 to $221.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Truist Financial raised their price target on Datadog from $140.00 to $195.00 and gave the stock a “hold” rating in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Datadog in a research report on Wednesday, October 8th. BMO Capital Markets increased their price objective on shares of Datadog from $154.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, CIBC upgraded shares of Datadog from a “neutral” rating to a “sector outperform” rating and set a $240.00 target price for the company in a research report on Friday, November 7th. Thirty-one analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $207.38.

Datadog Trading Down 5.3%

The business’s 50 day simple moving average is $157.96 and its two-hundred day simple moving average is $139.67. The stock has a market cap of $58.54 billion, a P/E ratio of 539.94, a PEG ratio of 40.05 and a beta of 1.20. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29.

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 the consensus estimate of $0.45 by $0.10. The company had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.Datadog’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. 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, analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Institutional Trading of Datadog

Several hedge funds and other institutional investors have recently made changes to their positions in DDOG. Elevation Point Wealth Partners LLC raised its holdings in Datadog by 3.3% in the 3rd quarter. Elevation Point Wealth Partners LLC now owns 1,697 shares of the company’s stock valued at $242,000 after buying an additional 55 shares during the last quarter. V Square Quantitative Management LLC raised its stake in shares of Datadog by 13.8% during the second quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock valued at $81,000 after acquiring an additional 73 shares during the last quarter. Vivaldi Capital Management LP lifted its holdings in shares of Datadog by 2.8% during the third quarter. Vivaldi Capital Management LP now owns 2,689 shares of the company’s stock worth $383,000 after purchasing an additional 74 shares during the period. Westside Investment Management Inc. grew its stake in shares of Datadog by 74.3% in the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock worth $27,000 after purchasing an additional 75 shares during the last quarter. Finally, Nilsine Partners LLC increased its holdings in Datadog by 2.4% in the third quarter. Nilsine Partners LLC now owns 3,396 shares of the company’s stock valued at $484,000 after purchasing an additional 78 shares during the period. 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.