Datadog, Inc. (NASDAQ:DDOG - Get Free Report) Director Julie Richardson sold 5,625 shares of Datadog stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $220.00, for a total value of $1,237,500.00. Following the completion of the transaction, the director directly owned 3,178 shares in the company, valued at $699,160. This represents a 63.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Datadog Stock Down 1.3%
Shares of NASDAQ:DDOG opened at $210.23 on Wednesday. The stock has a 50-day simple moving average of $247.93 and a 200-day simple moving average of $195.02. The stock has a market capitalization of $75.49 billion, a P/E ratio of 429.05, a PEG ratio of 20.85 and a beta of 1.49. Datadog, Inc. has a 1 year low of $98.01 and a 1 year high of $292.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.20 and a current ratio of 3.20.
Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly 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. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. Datadog's revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter last year, the firm 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. Equities analysts forecast that Datadog, Inc. will post 0.7 earnings per share for the current year.
Institutional Investors Weigh In On Datadog
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DDOG. Brighton Jones LLC acquired a new position in Datadog in the 4th quarter worth $209,000. Bison Wealth LLC acquired a new stake in shares of Datadog during the fourth quarter valued at about $228,000. Empowered Funds LLC grew its stake in shares of Datadog by 7.0% during the first quarter. Empowered Funds LLC now owns 10,313 shares of the company's stock valued at $1,023,000 after acquiring an additional 672 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Datadog by 17.6% during the first quarter. Geneos Wealth Management Inc. now owns 769 shares of the company's stock worth $76,000 after acquiring an additional 115 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Datadog during the second quarter worth about $509,000. Hedge funds and other institutional investors own 78.29% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. New Street Research set a $260.00 price target on shares of Datadog in a research report on Thursday, June 11th. Barclays increased their price target on Datadog from $260.00 to $290.00 and gave the company an "overweight" rating in a report on Tuesday, July 21st. Royal Bank Of Canada restated an "outperform" rating and set a $280.00 price objective on shares of Datadog in a research note on Thursday, July 16th. Piper Sandler reaffirmed an "overweight" rating and issued a $275.00 target price (up from $230.00) on shares of Datadog in a research report on Wednesday, June 10th. Finally, Needham & Company LLC upped their target price on Datadog from $260.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $276.32.
View Our Latest Analysis on Datadog
About Datadog
(
Get Free Report)
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.
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