Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters Sells 10,000 Shares

Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $129.86, for a total value of $1,298,600.00. Following the completion of the transaction, the executive now owns 162,706 shares in the company, valued at approximately $21,129,001.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, March 13th, Sean Michael Walters sold 4,237 shares of Datadog stock. The stock was sold at an average price of $125.00, for a total value of $529,625.00.
• On Monday, March 11th, Sean Michael Walters sold 5,650 shares of Datadog stock. The stock was sold at an average price of $120.86, for a total value of $682,859.00.
• On Monday, March 4th, Sean Michael Walters sold 20,692 shares of Datadog stock. The shares were sold at an average price of $128.58, for a total value of $2,660,577.36.
• On Wednesday, January 17th, Sean Michael Walters sold 10,006 shares of Datadog stock. The shares were sold at an average price of $125.00, for a total value of $1,250,750.00.

Datadog Stock Performance

Datadog stock opened at $123.55 on Thursday. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average of $126.31 and a 200-day moving average of $115.49. The firm has a market cap of $41.00 billion, a P/E ratio of 1,029.58 and a beta of 1.15. Datadog, Inc. has a 1-year low of $62.60 and a 1-year high of $138.61.

Datadog (NASDAQ:DDOG) last posted its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The company had revenue of $589.65 million during the quarter, compared to analyst estimates of $568.73 million. During the same period in the prior year, the business posted ($0.08) earnings per share. Datadog’s revenue for the quarter was up 25.6% on a year-over-year basis. Sell-side analysts expect that Datadog, Inc. will post -0.14 EPS for the current year.

Institutional Trading of Datadog

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Datadog by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 27,259,414 shares of the company’s stock worth $3,308,748,000 after buying an additional 734,539 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Datadog by 10.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,985,810 shares of the company’s stock worth $733,957,000 after buying an additional 929,566 shares during the period. Sands Capital Management LLC lifted its holdings in Datadog by 3.7% in the fourth quarter. Sands Capital Management LLC now owns 4,564,776 shares of the company’s stock worth $554,073,000 after buying an additional 162,108 shares during the period. Geode Capital Management LLC increased its stake in shares of Datadog by 3.2% during the first quarter. Geode Capital Management LLC now owns 3,610,972 shares of the company’s stock valued at $262,001,000 after purchasing an additional 111,651 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Datadog during the fourth quarter valued at approximately $384,986,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Barclays increased their target price on Datadog from $138.00 to $152.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. Truist Financial upped their price target on shares of Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. William Blair reaffirmed an “outperform” rating on shares of Datadog in a report on Friday, February 16th. Royal Bank of Canada upped their price target on shares of Datadog from $145.00 to $151.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $150.00 price target on shares of Datadog in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $130.52.

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.