Datadog, Inc. (NASDAQ:DDOG) Short Interest Up 5.5% in April

Datadog, Inc. (NASDAQ:DDOG) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 10,290,000 shares, a growth of 5.5% from the March 31st total of 9,750,000 shares. Based on an average trading volume of 4,070,000 shares, the days-to-cover ratio is currently 2.5 days.

Insider Buying and Selling at Datadog

In other Datadog news, COO Adam Blitzer sold 20,892 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $128.58, for a total value of $2,686,293.36. Following the completion of the sale, the chief operating officer now directly owns 203,503 shares of the company’s stock, valued at approximately $26,166,415.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Datadog news, President Amit Agarwal sold 33,311 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $128.58, for a total transaction of $4,283,128.38. Following the completion of the sale, the president now directly owns 294,012 shares of the company’s stock, valued at $37,804,062.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Adam Blitzer sold 20,892 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $128.58, for a total transaction of $2,686,293.36. Following the sale, the chief operating officer now directly owns 203,503 shares of the company’s stock, valued at $26,166,415.74. The disclosure for this sale can be found here. In the last three months, insiders sold 759,908 shares of company stock valued at $97,728,997. 11.78% of the stock is owned by insiders.

Institutional Investors Weigh In On Datadog

Several hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC boosted its position in shares of Datadog by 11.3% in the first quarter. Sequoia Financial Advisors LLC now owns 2,134 shares of the company’s stock valued at $264,000 after acquiring an additional 216 shares during the period. Norden Group LLC bought a new stake in shares of Datadog in the first quarter valued at approximately $1,377,000. HB Wealth Management LLC bought a new stake in shares of Datadog in the first quarter valued at approximately $226,000. Caprock Group LLC boosted its position in shares of Datadog by 26.9% in the first quarter. Caprock Group LLC now owns 2,579 shares of the company’s stock valued at $319,000 after acquiring an additional 546 shares during the period. Finally, Perigon Wealth Management LLC bought a new position in Datadog in the first quarter worth $212,000. 78.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $155.00 price objective (up from $140.00) on shares of Datadog in a research note on Wednesday, February 14th. Stifel Nicolaus reissued a “buy” rating and issued a $152.00 price target on shares of Datadog in a research report on Monday, April 22nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $150.00 price target on shares of Datadog in a research report on Wednesday, April 17th. Mizuho increased their price target on shares of Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Finally, William Blair reissued an “outperform” rating on shares of Datadog in a research report on Friday, February 16th. Five equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $131.70.

Datadog Trading Up 0.7 %

Shares of DDOG stock opened at $126.42 on Thursday. Datadog has a 12 month low of $63.00 and a 12 month high of $138.61. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $125.20 and its two-hundred day moving average is $118.00. The company has a market cap of $41.96 billion, a PE ratio of 1,053.50 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The company had revenue of $589.65 million for the quarter, compared to the consensus estimate of $568.73 million. During the same quarter last year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. Equities analysts predict that Datadog will post -0.14 EPS for the current year.

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.