Sean Michael Walters Sells 8,454 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CRO Sean Michael Walters sold 8,454 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total transaction of $862,646.16. Following the completion of the transaction, the executive now owns 185,871 shares of the company's stock, valued at $18,966,276.84. This trade represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Datadog Stock Performance

NASDAQ:DDOG traded up $1.65 during midday trading on Monday, reaching $103.45. 1,058,416 shares of the stock traded hands, compared to its average volume of 4,051,712. Datadog, Inc. has a 12-month low of $98.30 and a 12-month high of $170.08. The business has a 50-day moving average of $130.81 and a two-hundred day moving average of $131.35. The stock has a market capitalization of $35.46 billion, a PE ratio of 202.59, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. Research analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

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Institutional Trading of Datadog

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP lifted its stake in shares of Datadog by 7.7% in the fourth quarter. Allworth Financial LP now owns 1,043 shares of the company's stock worth $146,000 after buying an additional 75 shares in the last quarter. Spire Wealth Management increased its position in Datadog by 21.4% during the fourth quarter. Spire Wealth Management now owns 453 shares of the company's stock worth $65,000 after purchasing an additional 80 shares during the last quarter. Avior Wealth Management LLC increased its position in Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock worth $32,000 after purchasing an additional 81 shares during the last quarter. Pathstone Holdings LLC increased its position in Datadog by 0.4% during the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company's stock worth $2,664,000 after purchasing an additional 91 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Datadog by 5.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company's stock worth $265,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Stifel Nicolaus lowered shares of Datadog from a "buy" rating to a "hold" rating and cut their target price for the stock from $165.00 to $140.00 in a research report on Wednesday, January 29th. Truist Financial lowered their price target on shares of Datadog from $150.00 to $140.00 and set a "hold" rating for the company in a research note on Friday, February 14th. Mizuho boosted their price target on shares of Datadog from $155.00 to $170.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Royal Bank of Canada boosted their price target on shares of Datadog from $151.00 to $170.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Finally, TD Cowen reissued a "buy" rating and issued a $165.00 price target on shares of Datadog in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Datadog currently has an average rating of "Moderate Buy" and a consensus price target of $158.70.

Datadog Company Profile

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.