Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CRO Sean Michael Walters sold 7,657 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $188.50, for a total value of $1,443,344.50. Following the completion of the transaction, the executive directly owned 283,610 shares in the company, valued at approximately $53,460,485. This trade represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sean Michael Walters also recently made the following trade(s):
- On Tuesday, May 5th, Sean Michael Walters sold 1,914 shares of Datadog stock. The shares were sold at an average price of $150.00, for a total value of $287,100.00.
- On Wednesday, March 11th, Sean Michael Walters sold 22,330 shares of Datadog stock. The shares were sold at an average price of $125.68, for a total value of $2,806,434.40.
Datadog Trading Up 1.1%
DDOG traded up $2.16 during trading on Monday, hitting $202.32. The company’s stock had a trading volume of 7,725,509 shares, compared to its average volume of 5,947,815. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $203.58. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.25. The stock’s fifty day moving average price is $124.41 and its 200-day moving average price is $136.98. The firm has a market capitalization of $71.33 billion, a P/E ratio of 532.44, a PEG ratio of 72.45 and a beta of 1.30.
Institutional Investors Weigh In On Datadog
Several institutional investors have recently bought and sold shares of DDOG. Brighton Jones LLC bought a new stake in Datadog during the fourth quarter worth $209,000. Bison Wealth LLC bought a new stake in Datadog during the fourth quarter worth $228,000. Empowered Funds LLC grew its holdings in Datadog by 7.0% during the first quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock worth $1,023,000 after buying an additional 672 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Datadog by 17.6% during the first quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock worth $76,000 after buying an additional 115 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in Datadog during the second quarter worth $509,000. Institutional investors own 78.29% of the company’s stock.
Wall Street Analyst Weigh In
DDOG has been the subject of several recent research reports. Robert W. Baird set a $210.00 price objective on Datadog in a report on Friday. Weiss Ratings restated a “sell (d+)” rating on shares of Datadog in a report on Monday, April 20th. Barclays boosted their price objective on Datadog from $148.00 to $215.00 and gave the company an “overweight” rating in a report on Friday. Canaccord Genuity Group set a $225.00 price objective on Datadog in a report on Friday. Finally, UBS Group boosted their price objective on Datadog from $195.00 to $220.00 and gave the company a “buy” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $211.57.
View Our Latest Stock Report on Datadog
Datadog News Summary
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: CICC Research raised its price target on Datadog to $204 from $150, signaling continued upside potential after the company’s recent rally. CICC adjusts price target on Datadog to 204 from 150
- Positive Sentiment: Multiple brokerages turned constructive on Datadog, with RBC, Citi, Morgan Stanley, and Barclays all issuing upbeat views or buy ratings, reinforcing sentiment around the stock. Truist Financial Reaffirms Their Hold Rating on Datadog
- Positive Sentiment: Datadog’s latest earnings report beat expectations on both EPS and revenue, with sales rising 32.1% year over year and revenue topping $1 billion, a key milestone that investors are rewarding. Jim Cramer Says You Can’t Really Teach an Old Dog New Tricks Unless It’s a Datadog
- Neutral Sentiment: Datadog was among the most searched stocks on Zacks, which reflects heightened investor interest but does not by itself change fundamentals. Datadog Inc. DDOG is Attracting Investor Attention Here is What You Should Know
- Neutral Sentiment: Truist Financial reiterated a hold rating, which is less enthusiastic than the recent buy-side upgrades but still suggests the stock is fairly valued near current levels. Truist Financial Reaffirms Their Hold Rating on Datadog
Datadog Company Profile
Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.
The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.
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