Sean Michael Walters Sells 8,454 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters sold 8,454 shares of Datadog stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total transaction of $862,646.16. Following the completion of the transaction, the executive now owns 185,871 shares of the company’s stock, valued at $18,966,276.84. This trade represents a 4.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Datadog Stock Up 3.2 %

Shares of DDOG stock opened at $101.80 on Friday. The firm has a market capitalization of $34.89 billion, a price-to-earnings ratio of 199.61, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 12-month low of $98.30 and a 12-month high of $170.08. The firm has a fifty day moving average of $130.81 and a 200-day moving average of $131.12.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. Research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wolfe Research downgraded Datadog from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. Needham & Company LLC reiterated a “buy” rating and set a $160.00 price target on shares of Datadog in a research report on Tuesday, March 4th. Stifel Nicolaus lowered shares of Datadog from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $165.00 to $140.00 in a report on Wednesday, January 29th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $143.00 target price on shares of Datadog in a research note on Thursday, January 16th. Finally, JMP Securities reissued a “market perform” rating on shares of Datadog in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $158.70.

Institutional Trading of Datadog

Hedge funds have recently bought and sold shares of the stock. Los Angeles Capital Management LLC increased its position in shares of Datadog by 172.2% during the third quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company’s stock worth $4,469,000 after acquiring an additional 24,574 shares in the last quarter. ARK Investment Management LLC increased its holdings in Datadog by 62.7% during the 4th quarter. ARK Investment Management LLC now owns 127,290 shares of the company’s stock worth $18,188,000 after purchasing an additional 49,050 shares in the last quarter. Baillie Gifford & Co. raised its stake in shares of Datadog by 15.8% in the 4th quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company’s stock valued at $1,558,234,000 after purchasing an additional 1,484,562 shares during the period. Y Intercept Hong Kong Ltd lifted its holdings in shares of Datadog by 140.1% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 53,116 shares of the company’s stock valued at $7,590,000 after purchasing an additional 30,998 shares in the last quarter. Finally, Atom Investors LP acquired a new position in shares of Datadog during the third quarter worth about $1,112,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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.