Insider Selling: Datadog (NASDAQ:DDOG) CFO Sells $9,098,800.00 in Stock

Datadog, Inc. (NASDAQ:DDOG) CFO David Obstler sold 40,000 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $227.47, for a total transaction of $9,098,800.00. Following the transaction, the chief financial officer directly owned 378,067 shares in the company, valued at $85,998,900.49. This trade represents a 9.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Datadog Stock Up 0.2%

Datadog stock traded up $0.52 during midday trading on Wednesday, reaching $230.79. The stock had a trading volume of 2,748,138 shares, compared to its average volume of 5,419,986. The company has a fifty day moving average price of $244.55 and a two-hundred day moving average price of $199.06. Datadog, Inc. has a 12 month low of $98.01 and a 12 month high of $292.72. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $82.87 billion, a P/E ratio of 471.01, a PEG ratio of 22.45 and a beta of 1.49.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07. Datadog had a return on equity of 5.67% and a net margin of 4.48%.The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the company earned $0.46 earnings per share. The company’s quarterly revenue was up 35.6% on a year-over-year basis. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. As a group, equities analysts expect that Datadog, Inc. will post 0.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Datadog

A number of hedge funds and other institutional investors have recently modified their holdings of DDOG. Geode Capital Management LLC increased its position in shares of Datadog by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 9,056,086 shares of the company’s stock valued at $1,227,184,000 after acquiring an additional 197,816 shares during the last quarter. Janus Henderson Group PLC boosted its position in Datadog by 22.8% in the first quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock worth $905,570,000 after purchasing an additional 1,439,082 shares during the last quarter. Norges Bank bought a new position in Datadog in the 4th quarter valued at $469,461,000. First Trust Advisors LP grew its stake in Datadog by 81.5% in the 1st quarter. First Trust Advisors LP now owns 3,685,562 shares of the company’s stock valued at $435,081,000 after purchasing an additional 1,654,429 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Datadog by 30.3% during the 1st quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company’s stock valued at $312,340,000 after purchasing an additional 615,090 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Raymond James Financial reissued an “outperform” rating and set a $280.00 target price on shares of Datadog in a research report on Thursday, August 6th. Evercore raised their price target on shares of Datadog from $225.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. KeyCorp lifted their price target on Datadog from $225.00 to $320.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Citizens Jmp boosted their price objective on Datadog from $225.00 to $311.00 and gave the stock a “market outperform” rating in a report on Monday, July 20th. Finally, Barclays increased their price objective on Datadog from $260.00 to $290.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $276.66.

Datadog Company Profile

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.