Insider Selling: Datadog, Inc. (NASDAQ:DDOG) Insider Sells 1,749 Shares of Stock

Datadog, Inc. (NASDAQ:DDOGGet Free Report) insider Madre Armelle De sold 1,749 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $109.44, for a total transaction of $191,410.56. Following the sale, the insider now directly owns 93,774 shares of the company’s stock, valued at $10,262,626.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Madre Armelle De also recently made the following trade(s):

  • On Monday, June 3rd, Madre Armelle De sold 4,442 shares of Datadog stock. The shares were sold at an average price of $109.45, for a total transaction of $486,176.90.
  • On Thursday, May 23rd, Madre Armelle De sold 300 shares of Datadog stock. The shares were sold at an average price of $125.00, for a total transaction of $37,500.00.
  • On Tuesday, May 7th, Madre Armelle De sold 300 shares of Datadog stock. The shares were sold at an average price of $113.37, for a total transaction of $34,011.00.
  • On Monday, April 8th, Madre Armelle De sold 600 shares of Datadog stock. The shares were sold at an average price of $125.34, for a total transaction of $75,204.00.

Datadog Stock Up 1.7 %

Shares of Datadog stock traded up $1.91 during trading on Tuesday, reaching $114.90. The company had a trading volume of 4,774,649 shares, compared to its average volume of 4,152,323. The company has a market cap of $38.43 billion, a price-to-earnings ratio of 354.88, a price-to-earnings-growth ratio of 42.65 and a beta of 1.10. The firm’s fifty day moving average is $121.29 and its 200-day moving average is $122.81. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.43 and a current ratio of 3.43. Datadog, Inc. has a fifty-two week low of $77.81 and a fifty-two week high of $138.61.

Datadog (NASDAQ:DDOGGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.20. Datadog had a net margin of 5.11% and a return on equity of 7.48%. The business had revenue of $611.25 million during the quarter, compared to the consensus estimate of $589.97 million. On average, analysts anticipate that Datadog, Inc. will post 0.27 EPS for the current year.

Institutional Investors Weigh In On Datadog

Institutional investors have recently modified their holdings of the business. Riverview Trust Co bought a new stake in shares of Datadog during the 1st quarter valued at about $26,000. Anchor Investment Management LLC acquired a new stake in shares of Datadog in the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. acquired a new stake in shares of Datadog in the fourth quarter valued at approximately $29,000. Private Trust Co. NA increased its stake in shares of Datadog by 743.3% in the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after purchasing an additional 223 shares during the period. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Datadog in the fourth quarter valued at approximately $33,000. Institutional investors own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DDOG. Rosenblatt Securities restated a “buy” rating and set a $146.00 target price on shares of Datadog in a report on Monday, May 6th. Truist Financial lifted their target price on shares of Datadog from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Barclays reduced their target price on shares of Datadog from $152.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. William Blair restated an “outperform” rating on shares of Datadog in a report on Friday, February 16th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $150.00 target price on shares of Datadog in a report on Wednesday, April 17th. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $137.50.

View Our Latest Stock Report on DDOG

Datadog Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Datadog (NASDAQ:DDOG)

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