Sean Michael Walters Sells 10,530 Shares of Datadog (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters sold 10,530 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total transaction of $1,670,058.00. Following the completion of the transaction, the executive owned 181,492 shares in the company, valued at $28,784,631.20. This represents a 5.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Datadog Trading Down 1.8%

NASDAQ:DDOG traded down $2.83 during midday trading on Thursday, reaching $153.00. 3,657,455 shares of the stock traded hands, compared to its average volume of 5,479,387. The stock has a market capitalization of $53.65 billion, a P/E ratio of 493.55, a PEG ratio of 35.52 and a beta of 1.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66. The company has a fifty day moving average of $162.18 and a 200 day moving average of $142.90. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $201.69.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.10. The firm had revenue of $885.65 million for the quarter, compared to analysts’ expectations of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The company’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 earnings per share. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. On average, research analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Institutional Investors Weigh In On Datadog

Hedge funds have recently made changes to their positions in the company. Rothschild Investment LLC raised its holdings in Datadog by 126.6% in the third quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Physician Wealth Advisors Inc. grew its position in shares of Datadog by 315.2% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock worth $27,000 after buying an additional 145 shares during the period. Westside Investment Management Inc. increased its stake in shares of Datadog by 74.3% in the 3rd quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock worth $27,000 after acquiring an additional 75 shares in the last quarter. JPL Wealth Management LLC purchased a new position in Datadog during the 3rd quarter valued at about $27,000. Finally, Tripletail Wealth Management LLC purchased a new position in Datadog during the 3rd quarter valued at about $28,000. 78.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on DDOG shares. Royal Bank Of Canada upped their price target on Datadog from $182.00 to $216.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Evercore ISI boosted their target price on Datadog from $170.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. CIBC raised Datadog from a “neutral” rating to a “sector outperform” rating and set a $240.00 price target for the company in a research note on Friday, November 7th. Canaccord Genuity Group lifted their price target on shares of Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Finally, Scotiabank upped their price objective on shares of Datadog from $150.00 to $217.00 and gave the stock a “sector outperform” rating in a report on Friday, November 7th. Thirty-one research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $207.38.

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.