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

Datadog, Inc. (NASDAQ:DDOG) CRO Sean Michael Walters sold 10,530 shares of the business’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 sale, the executive owned 181,492 shares of the company’s stock, valued at approximately $28,784,631.20. The trade was a 5.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Datadog Price Performance

DDOG stock opened at $152.06 on Friday. The firm has a market cap of $53.32 billion, a P/E ratio of 491.40, a P/E/G ratio of 35.37 and a beta of 1.23. The firm’s fifty day moving average is $162.51 and its 200 day moving average is $142.97. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $201.69. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66.

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

Institutional Investors Weigh In On Datadog

Several hedge funds have recently bought and sold shares of DDOG. Brighton Jones LLC bought a new position in shares of Datadog during the fourth quarter valued at approximately $209,000. Bison Wealth LLC bought a new stake in Datadog in the fourth quarter worth $228,000. LPL Financial LLC grew its stake in shares of Datadog by 6.8% in the first quarter. LPL Financial LLC now owns 162,562 shares of the company’s stock worth $16,128,000 after acquiring an additional 10,319 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Datadog by 1.8% during the first quarter. PNC Financial Services Group Inc. now owns 18,514 shares of the company’s stock valued at $1,837,000 after acquiring an additional 322 shares in the last quarter. Finally, ING Groep NV bought a new position in Datadog in the 1st quarter worth about $1,053,000. Institutional investors own 78.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Barclays raised their target price on shares of Datadog from $170.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Capital One Financial increased their target price on shares of Datadog from $149.00 to $179.00 in a report on Thursday, October 16th. Sanford C. Bernstein upped their price target on Datadog from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Royal Bank Of Canada boosted their target price on Datadog from $182.00 to $216.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, Robert W. Baird raised their price target on Datadog from $165.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Thirty-one analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.