Datadog (NASDAQ:DDOG) General Counsel Sells $1,208,328.00 in Stock

Datadog, Inc. (NASDAQ:DDOG) General Counsel Kerry Acocella sold 5,280 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $228.85, for a total transaction of $1,208,328.00. Following the completion of the transaction, the general counsel owned 115,243 shares in the company, valued at approximately $26,373,360.55. This represents a 4.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 2nd, Kerry Acocella sold 7,343 shares of Datadog stock. The stock was sold at an average price of $212.90, for a total transaction of $1,563,324.70.

Datadog Stock Performance

Shares of DDOG stock opened at $229.92 on Friday. The company has a market capitalization of $82.56 billion, a price-to-earnings ratio of 469.23, a PEG ratio of 23.03 and a beta of 1.49. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.20 and a current ratio of 3.20. The company has a 50-day simple moving average of $242.73 and a 200 day simple moving average of $200.95. Datadog, Inc. has a 52 week low of $98.01 and a 52 week high of $292.72.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the firm earned $0.46 EPS. The business’s 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. On average, sell-side analysts predict that Datadog, Inc. will post 0.7 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on DDOG. Wedbush began coverage on Datadog in a report on Friday, September 11th. They issued an “outperform” rating and a $275.00 price objective on the stock. Oppenheimer raised their price target on shares of Datadog from $220.00 to $300.00 and gave the stock an “outperform” rating in a research report on Monday, July 20th. Truist Financial raised shares of Datadog from a “hold” rating to a “buy” rating and boosted their price objective for the company from $190.00 to $300.00 in a report on Monday, June 15th. Citigroup increased their target price on shares of Datadog from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Jefferies Financial Group set a $260.00 target price on shares of Datadog in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and a consensus target price of $276.66.

Hedge Funds Weigh In On Datadog

Several hedge funds and other institutional investors have recently modified their holdings of the business. EMC Capital Management bought a new stake in shares of Datadog during the 2nd quarter worth $28,000. Cornerstone Financial Management LLC grew its position in Datadog by 54.9% in the second quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock valued at $33,000 after acquiring an additional 45 shares during the last quarter. Elevation Wealth Partners LLC grew its position in Datadog by 2,700.0% in the second quarter. Elevation Wealth Partners LLC now owns 168 shares of the company’s stock valued at $44,000 after acquiring an additional 162 shares during the last quarter. Continuum Advisory LLC acquired a new position in Datadog during the second quarter worth about $53,000. Finally, Rothschild Investment LLC raised its stake in Datadog by 52.5% during the fourth quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock worth $37,000 after acquiring an additional 94 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

About Datadog

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.