Datadog (NASDAQ:DDOG) CFO David M. Obstler sold 35,000 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $89.66, for a total value of $3,138,100.00. Following the sale, the chief financial officer now owns 315,985 shares of the company’s stock, valued at $28,331,215.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

David M. Obstler also recently made the following trade(s):

  • On Wednesday, May 20th, David M. Obstler sold 20,000 shares of Datadog stock. The stock was sold at an average price of $70.47, for a total value of $1,409,400.00.

Shares of NASDAQ:DDOG opened at $93.86 on Friday. The stock’s 50-day moving average is $87.53 and its 200-day moving average is $57.43. Datadog has a 52-week low of $27.55 and a 52-week high of $98.99. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 0.06.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.09. The business had revenue of $131.30 million during the quarter, compared to analyst estimates of $117.73 million. The firm’s quarterly revenue was up 87.4% compared to the same quarter last year. On average, analysts expect that Datadog will post -0.02 earnings per share for the current year.

Several large investors have recently modified their holdings of DDOG. 1832 Asset Management L.P. acquired a new stake in shares of Datadog in the first quarter valued at about $62,963,000. Brown Capital Management LLC acquired a new stake in shares of Datadog in the first quarter valued at about $47,562,000. Alliancebernstein L.P. acquired a new stake in shares of Datadog in the first quarter valued at about $34,854,000. Sapphire Ventures L.L.C. acquired a new stake in shares of Datadog in the first quarter valued at about $33,497,000. Finally, Bessemer Group Inc. grew its position in shares of Datadog by 633.9% in the first quarter. Bessemer Group Inc. now owns 975,823 shares of the company’s stock valued at $35,110,000 after purchasing an additional 842,859 shares during the last quarter. 29.62% of the stock is currently owned by institutional investors.

Several brokerages recently issued reports on DDOG. FBN Securities began coverage on Datadog in a report on Friday, July 10th. They set an “outperform” rating and a $115.00 price objective for the company. Credit Suisse Group increased their price objective on Datadog from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Mizuho increased their price objective on Datadog from $46.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Needham & Company LLC increased their price objective on Datadog from $70.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Finally, Barclays increased their price objective on Datadog from $70.00 to $107.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Datadog has a consensus rating of “Buy” and a consensus target price of $75.79.

Datadog Company Profile

Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. Its SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, and log management to provide real-time observability of customers technology stack.

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Insider Buying and Selling by Quarter for Datadog (NASDAQ:DDOG)

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