Insider Selling: Datadog, Inc. (NASDAQ:DDOG) General Counsel Sells $715,135.95 in Stock

Datadog, Inc. (NASDAQ:DDOG) General Counsel Kerry Acocella sold 5,955 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $10,302,160.83. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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 transaction 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 value of $320,797.95.

Datadog Stock Up 1.0 %

DDOG stock opened at $129.69 on Friday. The company has a 50 day moving average price of $119.81 and a two-hundred day moving average price of $123.11. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.43 and a current ratio of 3.43. The stock has a market capitalization of $43.38 billion, a P/E ratio of 405.28, a PEG ratio of 40.56 and a beta of 1.09. Datadog, Inc. has a one year low of $77.81 and a one year high of $138.61.

Datadog (NASDAQ:DDOG) last released its earnings results on Tuesday, May 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.20. Datadog had a return on equity of 7.48% and a net margin of 5.11%. The firm had revenue of $611.25 million during the quarter, compared to analyst estimates of $589.97 million. As a group, sell-side analysts expect that Datadog, Inc. will post 0.32 EPS for the current year.

Analyst Upgrades and Downgrades

DDOG has been the subject of several recent analyst reports. Barclays reduced their price target on Datadog from $152.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. Needham & Company LLC reissued a “buy” rating and issued a $165.00 target price on shares of Datadog in a report on Thursday. Rosenblatt Securities reaffirmed a “buy” rating and set a $146.00 price target on shares of Datadog in a research note on Monday, May 6th. BMO Capital Markets cut their price target on shares of Datadog from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Finally, Baird R W raised shares of Datadog from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and an average price target of $136.04.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Datadog by 0.6% during the first quarter. Vanguard Group Inc. now owns 27,431,107 shares of the company’s stock worth $3,390,485,000 after purchasing an additional 171,693 shares during the last quarter. Sands Capital Management LLC increased its holdings in shares of Datadog by 3.7% during the 4th quarter. Sands Capital Management LLC now owns 4,564,776 shares of the company’s stock worth $554,073,000 after buying an additional 162,108 shares during the last quarter. Norges Bank purchased a new position in shares of Datadog in the 4th quarter worth $384,986,000. Massachusetts Financial Services Co. MA boosted its holdings in 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. Finally, 1832 Asset Management L.P. grew its position in Datadog by 47.9% during the fourth quarter. 1832 Asset Management L.P. now owns 2,619,500 shares of the company’s stock valued at $317,955,000 after acquiring 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

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.