David M. Obstler Sells 15,000 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) CFO David M. Obstler sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $130.25, for a total transaction of $1,953,750.00. Following the sale, the chief financial officer now owns 399,270 shares in the company, valued at approximately $52,004,917.50. The trade was a 3.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Datadog Trading Up 1.6%

DDOG stock opened at $129.52 on Tuesday. The firm has a fifty day moving average price of $112.11 and a 200 day moving average price of $121.79. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.74 and a current ratio of 2.74. The firm has a market cap of $44.73 billion, a PE ratio of 281.57, a price-to-earnings-growth ratio of 70.67 and a beta of 1.01.

Datadog (NASDAQ:DDOG) last posted its earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. Datadog had a net margin of 5.85% and a return on equity of 6.39%. The firm had revenue of $761.55 million during the quarter, compared to analyst estimates of $741.73 million. During the same period last year, the firm posted $0.44 earnings per share. Datadog’s revenue for the quarter was up 24.6% compared to the same quarter last year. Sell-side analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DDOG has been the topic of a number of recent analyst reports. UBS Group raised their target price on shares of Datadog from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, June 11th. Wedbush restated an “outperform” rating and set a $140.00 target price on shares of Datadog in a research note on Wednesday, June 11th. Bank of America raised their target price on shares of Datadog from $138.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, June 18th. Stifel Nicolaus set a $120.00 target price on shares of Datadog in a research note on Tuesday, May 6th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Datadog in a research note on Tuesday, May 6th. Six equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and an average target price of $142.52.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DDOG. Goldman Sachs Group Inc. boosted its stake in Datadog by 259.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock worth $858,994,000 after buying an additional 6,250,942 shares during the period. Groupama Asset Managment boosted its stake in Datadog by 407.6% during the fourth quarter. Groupama Asset Managment now owns 6,600,000 shares of the company’s stock worth $943,074,000 after buying an additional 5,299,688 shares during the period. Janus Henderson Group PLC boosted its stake in Datadog by 17,477.2% during the fourth quarter. Janus Henderson Group PLC now owns 4,016,558 shares of the company’s stock worth $573,923,000 after buying an additional 3,993,707 shares during the period. Norges Bank purchased a new position in Datadog during the fourth quarter worth $462,910,000. Finally, Brown Advisory Inc. boosted its stake in Datadog by 2,804.2% during the fourth quarter. Brown Advisory Inc. now owns 2,749,174 shares of the company’s stock worth $392,830,000 after buying an additional 2,654,512 shares during the period. 78.29% of the stock is owned by hedge funds and other 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.