Datadog (NASDAQ:DDOG) Director Matthew Jacobson Sells 404,306 Shares

Datadog, Inc. (NASDAQ:DDOG) Director Matthew Jacobson sold 404,306 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $199.60, for a total value of $80,699,477.60. Following the sale, the director owned 12,859 shares of the company’s stock, valued at $2,566,656.40. This trade represents a 96.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Matthew Jacobson also recently made the following trade(s):

• On Tuesday, November 11th, Matthew Jacobson sold 31,810 shares of Datadog stock. The shares were sold at an average price of $200.14, for a total value of $6,366,453.40.
• On Wednesday, August 27th, Matthew Jacobson sold 107,648 shares of Datadog stock. The stock was sold at an average price of $130.01, for a total transaction of $13,995,316.48.
• On Tuesday, August 26th, Matthew Jacobson sold 575,863 shares of Datadog stock. The shares were sold at an average price of $126.96, for a total transaction of $73,111,566.48.
• On Monday, August 25th, Matthew Jacobson sold 59,965 shares of Datadog stock. The stock was sold at an average price of $128.60, for a total transaction of $7,711,499.00.
• On Friday, August 22nd, Matthew Jacobson sold 49,123 shares of Datadog stock. The stock was sold at an average price of $132.01, for a total transaction of $6,484,727.23.

Datadog Stock Performance

Shares of Datadog stock opened at $185.97 on Friday. The firm has a market capitalization of $64.86 billion, a P/E ratio of 599.90, a price-to-earnings-growth ratio of 55.35 and a beta of 1.20. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $201.69. The company has a current ratio of 3.66, a quick ratio of 3.43 and a debt-to-equity ratio of 0.29. The business’s fifty day simple moving average is $154.65 and its 200 day simple moving average is $137.31.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. The company had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The firm’s quarterly revenue was up 28.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. As a group, analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Royal Bank Of Canada upped their price objective on Datadog from $182.00 to $216.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Sanford C. Bernstein lifted their price objective on shares of Datadog from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Jefferies Financial Group lifted their price target on Datadog from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Datadog in a report on Wednesday, October 8th. Finally, Robert W. Baird boosted their price objective on shares of Datadog from $165.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Thirty-one analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $207.38.

Institutional Investors Weigh In On Datadog

Several hedge funds have recently bought and sold shares of the stock. Glenmede Investment Management LP grew its stake in Datadog by 7.5% in the 3rd quarter. Glenmede Investment Management LP now owns 76,852 shares of the company’s stock worth $10,944,000 after buying an additional 5,334 shares in the last quarter. Jump Financial LLC lifted its holdings in shares of Datadog by 312.4% during the 3rd quarter. Jump Financial LLC now owns 73,725 shares of the company’s stock worth $10,498,000 after acquiring an additional 55,850 shares during the last quarter. Pathstone Holdings LLC lifted its holdings in shares of Datadog by 10.5% during the 3rd quarter. Pathstone Holdings LLC now owns 67,424 shares of the company’s stock worth $9,601,000 after acquiring an additional 6,393 shares during the last quarter. Square Peg Capital PTY Ltd. grew its position in Datadog by 0.5% in the third quarter. Square Peg Capital PTY Ltd. now owns 118,626 shares of the company’s stock worth $16,892,000 after acquiring an additional 636 shares in the last quarter. Finally, RDST Capital LLC grew its position in Datadog by 1.8% in the third quarter. RDST Capital LLC now owns 475,095 shares of the company’s stock worth $67,654,000 after acquiring an additional 8,430 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

About Datadog

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.