Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CRO Sean Michael Walters sold 11,876 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $231.02, for a total value of $2,743,593.52. Following the transaction, the executive directly owned 258,420 shares of the company’s stock, valued at $59,700,188.40. The trade was a 4.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sean Michael Walters also recently made the following trade(s):
- On Tuesday, June 2nd, Sean Michael Walters sold 13,409 shares of Datadog stock. The stock was sold at an average price of $267.15, for a total value of $3,582,214.35.
- On Thursday, May 7th, Sean Michael Walters sold 7,657 shares of Datadog stock. The stock was sold at an average price of $188.50, for a total value of $1,443,344.50.
- On Tuesday, May 5th, Sean Michael Walters sold 1,914 shares of Datadog stock. The stock was sold at an average price of $150.00, for a total value of $287,100.00.
Datadog Trading Down 0.8%
DDOG opened at $231.11 on Wednesday. Datadog, Inc. has a 12 month low of $98.01 and a 12 month high of $278.70. The stock has a market capitalization of $82.27 billion, a price-to-earnings ratio of 608.20, a PEG ratio of 24.96 and a beta of 1.56. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.40 and a quick ratio of 3.40. The business has a fifty day moving average price of $182.76 and a 200 day moving average price of $148.33.
Analyst Upgrades and Downgrades
DDOG has been the subject of several analyst reports. Jefferies Financial Group raised Datadog from a “buy” rating to a “buy” rating in a research note on Monday. Evercore upped their price objective on Datadog from $225.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. DA Davidson set a $250.00 price objective on Datadog in a research report on Friday, May 22nd. Wolfe Research reaffirmed an “outperform” rating and set a $295.00 price objective on shares of Datadog in a research report on Thursday, June 11th. Finally, Citizens Jmp raised Datadog from a “market perform” rating to an “outperform” rating and set a $225.00 price objective for the company in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.14.
Read Our Latest Analysis on DDOG
Datadog News Roundup
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: Truist upgraded Datadog to buy and lifted its price target to $300, signaling confidence in the company’s growth outlook and more upside ahead. Truist Just Upgraded Datadog Stock. Here’s Why.
- Positive Sentiment: Recent coverage highlighted Datadog’s expanding AI observability, cloud monitoring, and security offerings, suggesting broadening customer demand is still supporting revenue growth and cash generation. Datadog (DDOG): AI Observability Push Shows Why Cloud Monitoring Demand Is Broadening
- Positive Sentiment: Datadog’s Dash conference news was viewed as constructive after it unveiled 100+ new AI and security features, reinforcing its platform strategy and supporting recent guidance optimism. How Datadog’s Dash AI and Security Expansion Will Impact Datadog (DDOG) Investors
- Neutral Sentiment: Datadog has also attracted attention from valuation-focused commentary saying the shares look somewhat rich after a strong run, which could limit near-term enthusiasm. Datadog (DDOG) Stock Valuation Looks Slightly Rich After Strong Momentum
- Negative Sentiment: Several Datadog insiders sold shares under pre-arranged Rule 10b5-1 plans, including Director Michael James Callahan and CRO Sean Michael Walters, which may be viewed as a mild caution signal by some investors. Insider trade details
Institutional Trading of Datadog
A number of large investors have recently made changes to their positions in DDOG. Brighton Jones LLC acquired a new stake in shares of Datadog in the 4th quarter valued at about $209,000. Bison Wealth LLC acquired a new stake in shares of Datadog in the 4th quarter valued at about $228,000. Empowered Funds LLC boosted its position in shares of Datadog by 7.0% in the 1st quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock valued at $1,023,000 after purchasing an additional 672 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Datadog by 17.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock valued at $76,000 after purchasing an additional 115 shares during the period. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Datadog in the 2nd quarter valued at about $509,000. 78.29% of the stock is owned by institutional investors and hedge funds.
About Datadog
Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.
The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.
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