Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters Sells 2,351 Shares

Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters sold 2,351 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $125.00, for a total transaction of $293,875.00. Following the transaction, the executive now owns 197,421 shares of the company’s stock, valued at approximately $24,677,625. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, June 11th, Sean Michael Walters sold 3,134 shares of Datadog stock. The shares were sold at an average price of $113.58, for a total transaction of $355,959.72.
• On Monday, June 3rd, Sean Michael Walters sold 8,394 shares of Datadog stock. The stock was sold at an average price of $109.45, for a total transaction of $918,723.30.
• On Thursday, April 11th, Sean Michael Walters sold 10,000 shares of Datadog stock. The stock was sold at an average price of $129.86, for a total transaction of $1,298,600.00.

Datadog Price Performance

Shares of DDOG stock traded up $0.81 during trading hours on Monday, hitting $130.50. 3,935,400 shares of the company’s stock were exchanged, compared to its average volume of 4,148,527. The company has a market capitalization of $43.65 billion, a PE ratio of 407.81, a PEG ratio of 42.70 and a beta of 1.09. Datadog, Inc. has a 12-month low of $77.81 and a 12-month high of $138.61. The business’s 50 day simple moving average is $119.81 and its 200-day simple moving average is $123.21. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.34.

Datadog (NASDAQ:DDOG) last issued its earnings results on Tuesday, May 7th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.20. Datadog had a net margin of 5.11% and a return on equity of 7.48%. The company had revenue of $611.25 million for the quarter, compared to the consensus estimate of $589.97 million. On average, equities research analysts anticipate that Datadog, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $152.00 target price on shares of Datadog in a research report on Monday, April 22nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $150.00 target price on shares of Datadog in a research report on Wednesday, April 17th. Robert W. Baird upgraded shares of Datadog from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $130.00 to $140.00 in a research report on Wednesday, May 8th. Barclays cut their target price on shares of Datadog from $152.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Finally, Monness Crespi & Hardt reiterated a “sell” rating and set a $98.00 target price (down previously from $290.00) on shares of Datadog in a research report on Friday, June 14th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Datadog currently has an average rating of “Moderate Buy” and an average target price of $136.04.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DDOG. EverSource Wealth Advisors LLC boosted its holdings in Datadog by 70.2% in the first quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock valued at $39,000 after acquiring an additional 127 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Datadog by 317.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 375,045 shares of the company’s stock valued at $46,427,000 after acquiring an additional 285,140 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in Datadog by 3.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 81,180 shares of the company’s stock valued at $10,034,000 after acquiring an additional 2,800 shares in the last quarter. Cetera Advisors LLC boosted its holdings in Datadog by 141.5% in the first quarter. Cetera Advisors LLC now owns 13,700 shares of the company’s stock valued at $1,693,000 after acquiring an additional 8,026 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Datadog by 150.1% in the first quarter. Cetera Investment Advisers now owns 33,880 shares of the company’s stock valued at $4,188,000 after acquiring an additional 20,336 shares in the last quarter. 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.