Datadog, Inc. (NASDAQ:DDOG) General Counsel Sells $294,387.12 in Stock

Datadog, Inc. (NASDAQ:DDOG) General Counsel Kerry Acocella sold 2,452 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $120.06, for a total transaction of $294,387.12. Following the sale, the general counsel now directly owns 74,421 shares of the company’s stock, valued at $8,934,985.26. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Datadog Trading Up 3.9 %

DDOG opened at $130.09 on Friday. The firm has a market cap of $43.51 billion, a price-to-earnings ratio of 404.44, a PEG ratio of 28.94 and a beta of 1.11. The stock’s 50-day moving average price is $113.96 and its 200 day moving average price is $119.20. Datadog, Inc. has a 12-month low of $77.81 and a 12-month high of $138.61.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. Datadog had a net margin of 6.81% and a return on equity of 9.01%. The business had revenue of $645.28 million during the quarter, compared to analyst estimates of $624.92 million. During the same quarter last year, the firm posted $0.36 earnings per share. The business’s revenue for the quarter was up 26.7% compared to the same quarter last year. On average, research analysts forecast that Datadog, Inc. will post 0.42 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Monness Crespi & Hardt raised shares of Datadog from a “sell” rating to a “neutral” rating in a research note on Wednesday, August 7th. DA Davidson upgraded Datadog from a “neutral” rating to a “buy” rating and upped their price target for the company from $115.00 to $140.00 in a research report on Tuesday, October 1st. UBS Group increased their price target on Datadog from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, August 9th. BTIG Research raised Datadog from a “neutral” rating to a “buy” rating and set a $143.00 price objective on the stock in a research note on Thursday, August 1st. Finally, Scotiabank cut their target price on Datadog from $145.00 to $135.00 and set a “sector outperform” rating for the company in a research note on Friday, August 9th. Four analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $141.19.

Hedge Funds Weigh In On Datadog

Several institutional investors have recently modified their holdings of the business. SouthState Corp purchased a new position in Datadog in the second quarter valued at $26,000. Riverview Trust Co acquired a new stake in Datadog in the 1st quarter valued at about $26,000. Raleigh Capital Management Inc. purchased a new position in shares of Datadog in the 4th quarter valued at about $29,000. Blue Trust Inc. acquired a new position in shares of Datadog during the second quarter worth about $37,000. Finally, Versant Capital Management Inc increased its stake in shares of Datadog by 216.5% during the second quarter. Versant Capital Management Inc now owns 307 shares of the company’s stock worth $40,000 after buying an additional 210 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Company Profile

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.