Datadog, Inc. (NASDAQ:DDOG – Get Free Report) 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 – Get Free Report) 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
Check Out Our Latest Stock Analysis on Datadog
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.
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