David Obstler Sells 12,513 Shares of Datadog (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) CFO David Obstler sold 12,513 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $158.60, for a total value of $1,984,561.80. Following the transaction, the chief financial officer directly owned 374,138 shares in the company, valued at $59,338,286.80. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Datadog Price Performance

DDOG stock traded down $2.83 during trading on Thursday, hitting $153.00. The company had a trading volume of 3,657,455 shares, compared to its average volume of 5,479,387. The firm has a market capitalization of $53.65 billion, a price-to-earnings ratio of 493.55, a P/E/G ratio of 35.52 and a beta of 1.23. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average of $162.18 and a 200 day moving average of $142.90. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $201.69.

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

Hedge Funds Weigh In On Datadog

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rothschild Investment LLC boosted its holdings in shares of Datadog by 126.6% in the third quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock worth $25,000 after buying an additional 100 shares during the period. Physician Wealth Advisors Inc. lifted 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 valued at $27,000 after acquiring an additional 145 shares in the last quarter. Westside Investment Management Inc. boosted its stake in 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 purchasing an additional 75 shares during the period. JPL Wealth Management LLC acquired a new position in Datadog in the 3rd quarter worth approximately $27,000. Finally, Tripletail Wealth Management LLC purchased a new position in Datadog during the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

DDOG has been the subject of a number of research reports. Monness Crespi & Hardt increased their price target on Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Citigroup upped their price objective on Datadog from $170.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. Bank of America lifted their target price on Datadog from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Raymond James Financial boosted their price target on shares of Datadog from $170.00 to $205.00 in a research report on Thursday, November 6th. Finally, TD Cowen upped their price target on shares of Datadog from $180.00 to $235.00 and gave the company a “buy” rating in a report on Friday, November 7th. Thirty-one research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and a consensus target price of $207.38.

Datadog Company Profile

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.