Datadog (NASDAQ:DDOG) CRO Sells 11,710 Shares

Datadog, Inc. (NASDAQ:DDOG) CRO Sean Walters sold 11,710 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $221.04, for a total transaction of $2,588,378.40. Following the completion of the transaction, the executive directly owned 233,135 shares of the company’s stock, valued at approximately $51,532,160.40. The trade was a 4.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sean Michael Walters also recently made the following trade(s):

• On Wednesday, September 2nd, Sean Walters sold 13,575 shares of Datadog stock. The stock was sold at an average price of $212.90, for a total value of $2,890,117.50.

Datadog Trading Up 0.1%

Shares of NASDAQ:DDOG traded up $0.22 during midday trading on Tuesday, hitting $230.27. 4,019,745 shares of the stock were exchanged, compared to its average volume of 5,434,902. Datadog, Inc. has a 12 month low of $98.01 and a 12 month high of $292.72. 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 stock has a market capitalization of $82.68 billion, a price-to-earnings ratio of 469.95, a P/E/G ratio of 21.48 and a beta of 1.49. The business’s 50-day moving average price is $245.08 and its 200 day moving average price is $198.22.

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, beating the consensus estimate of $0.58 by $0.07. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The company’s revenue was up 35.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 EPS. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. Analysts predict that Datadog, Inc. will post 0.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DDOG. Canaccord Genuity Group lifted their target price on Datadog from $250.00 to $295.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $158.00 price target on shares of Datadog in a research report on Friday, August 7th. TD Cowen upped their target price on shares of Datadog from $260.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Citizens Jmp increased their price target on Datadog from $225.00 to $311.00 and gave the company a “market outperform” rating in a research report on Monday, July 20th. Finally, Barclays lifted their price objective on shares of Datadog from $260.00 to $290.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $276.66.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Revere Asset Management Inc purchased a new stake in shares of Datadog in the 2nd quarter valued at about $2,752,000. Tidal Investments LLC boosted its stake in shares of Datadog by 17.4% in the 2nd quarter. Tidal Investments LLC now owns 94,299 shares of the company’s stock valued at $24,552,000 after purchasing an additional 13,977 shares in the last quarter. BlueCrest Capital Management Ltd boosted its position in Datadog by 30.2% during the second quarter. BlueCrest Capital Management Ltd now owns 6,771 shares of the company’s stock valued at $1,763,000 after buying an additional 1,571 shares during the period. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in Datadog during the 2nd quarter valued at about $297,000. Finally, NorthRock Partners LLC bought a new position in shares of Datadog in the second quarter worth approximately $220,000. Institutional investors own 78.29% of the company’s stock.

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.