Insider Selling: Datadog, Inc. (NASDAQ:DDOG) General Counsel Sells 5,955 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) General Counsel Kerry Acocella sold 5,955 shares of Datadog stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $120.09, for a total transaction of $715,135.95. Following the transaction, the general counsel now owns 85,787 shares in the company, valued at $10,302,160.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Wednesday, June 26th, Kerry Acocella sold 1,846 shares of Datadog stock. The stock was sold at an average price of $120.28, for a total value of $222,036.88.
• On Monday, June 3rd, Kerry Acocella sold 2,931 shares of Datadog stock. The shares were sold at an average price of $109.45, for a total transaction of $320,797.95.

Datadog Stock Up 1.0 %

Datadog stock opened at $129.69 on Friday. Datadog, Inc. has a twelve month low of $77.81 and a twelve month high of $138.61. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $119.81 and a 200-day moving average of $123.11. The stock has a market capitalization of $43.38 billion, a PE ratio of 405.28, a price-to-earnings-growth ratio of 40.56 and a beta of 1.09.

Datadog (NASDAQ:DDOG) last released its earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.20. The firm had revenue of $611.25 million during the quarter, compared to analysts’ expectations of $589.97 million. Datadog had a return on equity of 7.48% and a net margin of 5.11%. On average, equities research analysts anticipate that Datadog, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DDOG has been the subject of several recent research reports. Bank of America raised Datadog from a “neutral” rating to a “buy” rating and boosted their price target for the company from $143.00 to $155.00 in a research note on Thursday, May 30th. Barclays decreased their target price on Datadog from $152.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. JMP Securities raised Datadog to a “hold” rating in a report on Wednesday, May 8th. Needham & Company LLC restated a “buy” rating and set a $165.00 price objective on shares of Datadog in a research report on Thursday. Finally, Robert W. Baird raised shares of Datadog from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $130.00 to $140.00 in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $136.04.

Institutional Investors Weigh In On Datadog

Several institutional investors have recently bought and sold shares of the company. Spire Wealth Management grew its position in Datadog by 2,148.5% in the fourth quarter. Spire Wealth Management now owns 5,329 shares of the company’s stock valued at $694,000 after purchasing an additional 5,092 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Datadog by 47.8% in the fourth quarter. Hsbc Holdings PLC now owns 193,390 shares of the company’s stock valued at $23,505,000 after acquiring an additional 62,533 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Datadog by 31.3% in the fourth 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 during the last quarter. Congress Asset Management Co. MA bought a new stake in Datadog during the first quarter worth about $1,083,000. Finally, Zevenbergen Capital Investments LLC boosted its position in Datadog by 5.6% during the fourth quarter. Zevenbergen Capital Investments LLC now owns 165,405 shares of the company’s stock valued at $20,077,000 after purchasing an additional 8,830 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

About Datadog

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.