Kerry Acocella Sells 5,280 Shares of Datadog (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) General Counsel Kerry Acocella sold 5,280 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $228.85, for a total value of $1,208,328.00. Following the transaction, the general counsel owned 115,243 shares of the company’s stock, valued at $26,373,360.55. This represents a 4.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kerry Acocella also recently made the following trade(s):

• On Wednesday, September 2nd, Kerry Acocella sold 7,343 shares of Datadog stock. The stock was sold at an average price of $212.90, for a total value of $1,563,324.70.

Datadog Stock Performance

DDOG stock traded up $0.52 during mid-day trading on Wednesday, reaching $230.79. The company had a trading volume of 2,748,138 shares, compared to its average volume of 5,419,986. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $82.87 billion, a P/E ratio of 471.01, a P/E/G ratio of 22.45 and a beta of 1.49. Datadog, Inc. has a one year low of $98.01 and a one year high of $292.72. The stock’s 50-day simple moving average is $244.55 and its two-hundred day simple moving average is $199.06.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 earnings per share. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. Research analysts anticipate that Datadog, Inc. will post 0.7 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on DDOG. Canaccord Genuity Group upped their target price on shares of Datadog from $250.00 to $295.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Cantor Fitzgerald lifted their price target on Datadog from $226.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Evercore boosted their price objective on Datadog from $225.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Mizuho increased their price objective on Datadog from $220.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Finally, The Goldman Sachs Group restated a “sell” rating and issued a $158.00 target price on shares of Datadog in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $276.66.

Institutional Trading of Datadog

A number of institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of Datadog by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 9,056,086 shares of the company’s stock valued at $1,227,184,000 after acquiring an additional 197,816 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Datadog by 22.8% during the first quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock valued at $905,570,000 after acquiring an additional 1,439,082 shares during the period. Norges Bank bought a new stake in Datadog during the fourth quarter worth approximately $469,461,000. First Trust Advisors LP raised its holdings in Datadog by 81.5% during the first quarter. First Trust Advisors LP now owns 3,685,562 shares of the company’s stock worth $435,081,000 after purchasing an additional 1,654,429 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Datadog by 30.3% during the first quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company’s stock worth $312,340,000 after purchasing an additional 615,090 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

About Datadog

Datadog, Inc (NASDAQ:DDOG) is a cloud-based software company that provides monitoring, observability, security and analytics tools for modern applications and information technology environments. Its platform helps organizations collect, correlate and analyze data from servers, databases, applications, containers, networks and cloud services in a unified environment.

The company’s products include infrastructure monitoring, application performance monitoring, log management, real user and synthetic monitoring, database monitoring, cloud security, software delivery tools, incident management and cloud cost management.