Datadog, Inc. (NASDAQ:DDOG - Get Free Report) insider Madre Armelle De sold 300 shares of the company's stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $113.37, for a total transaction of $34,011.00. Following the completion of the sale, the insider now directly owns 100,053 shares of the company's stock, valued at approximately $11,343,008.61. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Madre Armelle De also recently made the following trade(s):
- On Monday, April 8th, Madre Armelle De sold 600 shares of Datadog stock. The stock was sold at an average price of $125.34, for a total value of $75,204.00.
- On Tuesday, March 12th, Madre Armelle De sold 4,276 shares of Datadog stock. The shares were sold at an average price of $121.79, for a total value of $520,774.04.
- On Monday, March 4th, Madre Armelle De sold 12,654 shares of Datadog stock. The shares were sold at an average price of $128.58, for a total transaction of $1,627,051.32.
Datadog Trading Up 2.3 %
NASDAQ DDOG traded up $2.63 on Friday, hitting $118.50. 1,608,341 shares of the stock were exchanged, compared to its average volume of 4,247,565. The company's 50-day moving average price is $123.99 and its two-hundred day moving average price is $119.12. The company has a market capitalization of $39.33 billion, a price-to-earnings ratio of 370.31 and a beta of 1.14. Datadog, Inc. has a 52-week low of $77.81 and a 52-week high of $138.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17.
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Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. The company had revenue of $589.65 million for the quarter, compared to the consensus estimate of $568.73 million. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The firm's quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.08) EPS. Research analysts predict that Datadog, Inc. will post -0.14 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on DDOG shares. Wolfe Research upped their price objective on shares of Datadog from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 14th. Mizuho boosted their price target on shares of Datadog from $108.00 to $130.00 and gave the stock a "neutral" rating in a report on Wednesday, February 14th. Citigroup raised their target price on Datadog from $125.00 to $150.00 and gave the company a "buy" rating in a research report on Monday, January 22nd. Wells Fargo & Company raised shares of Datadog from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $130.00 to $150.00 in a research note on Tuesday, April 23rd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $165.00 price objective on shares of Datadog in a report on Tuesday. Four analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, Datadog presently has an average rating of "Moderate Buy" and a consensus target price of $135.58.
Check Out Our Latest Report on Datadog
Hedge Funds Weigh In On Datadog
Several institutional investors and hedge funds have recently modified their holdings of DDOG. Vanguard Group Inc. grew its position in Datadog by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 27,259,414 shares of the company's stock worth $3,308,748,000 after acquiring an additional 734,539 shares in the last quarter. Sands Capital Management LLC boosted its holdings in Datadog by 3.7% in the fourth quarter. Sands Capital Management LLC now owns 4,564,776 shares of the company's stock worth $554,073,000 after purchasing an additional 162,108 shares in the last quarter. Norges Bank acquired a new position in Datadog during the fourth quarter worth $384,986,000. Massachusetts Financial Services Co. MA raised its stake in shares of Datadog by 31.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,733,448 shares of the company's stock valued at $331,786,000 after acquiring an additional 651,244 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its holdings in shares of Datadog by 47.9% during the 4th quarter. 1832 Asset Management L.P. now owns 2,619,500 shares of the company's stock worth $317,955,000 after buying an additional 848,000 shares during the period. 78.29% of the stock is currently owned by hedge funds and other institutional investors.
About Datadog
(
Get Free Report)
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.
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