Insider Selling: Datadog (NASDAQ:DDOG) CFO Sells 10,000 Shares

Datadog, Inc. (NASDAQ:DDOG) CFO David Obstler sold 10,000 shares of the stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $241.25, for a total value of $2,412,500.00. Following the completion of the sale, the chief financial officer directly owned 368,067 shares of the company’s stock, valued at approximately $88,796,163.75. The trade was a 2.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Datadog Trading Up 1.6%

Shares of Datadog stock traded up $4.01 during midday trading on Wednesday, reaching $251.49. The company had a trading volume of 2,712,940 shares, compared to its average volume of 5,361,892. The stock has a fifty day moving average price of $241.96 and a 200 day moving average price of $203.43. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20. The firm has a market cap of $90.31 billion, a PE ratio of 513.26, a P/E/G ratio of 23.92 and a beta of 1.49. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $292.72.

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Craig Hallum began coverage on shares of Datadog in a research note on Monday, June 15th. They set a “buy” rating for the company. Mizuho lifted their target price on Datadog from $220.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Zacks Research downgraded shares of Datadog from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Rosenblatt Securities upped their price target on Datadog from $220.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Finally, Evercore increased their price target on Datadog from $225.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $276.66.

Institutional Trading of Datadog

A number of institutional investors and hedge funds have recently modified their holdings of the business. Nomura Asset Management Co. Ltd. increased its stake in Datadog by 8.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 152,674 shares of the company’s stock worth $20,762,000 after buying an additional 11,348 shares during the period. Norges Bank purchased a new stake in Datadog in the 4th quarter valued at about $469,461,000. MUFG Securities EMEA plc grew its stake in Datadog by 115.6% in the 4th quarter. MUFG Securities EMEA plc now owns 13,342 shares of the company’s stock worth $1,814,000 after acquiring an additional 7,154 shares in the last quarter. BNP Paribas grew its stake in Datadog by 18.4% in the 4th quarter. BNP Paribas now owns 41,280 shares of the company’s stock worth $5,614,000 after acquiring an additional 6,403 shares in the last quarter. Finally, Allstate Corp increased its position in shares of Datadog by 118.1% during the fourth quarter. Allstate Corp now owns 23,367 shares of the company’s stock worth $3,178,000 after acquiring an additional 12,652 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

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.