Datadog (NASDAQ:DDOG) Director Michael James Callahan sold 145,000 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $89.39, for a total transaction of $12,961,550.00. Following the completion of the sale, the director now directly owns 229,886 shares of the company’s stock, valued at $20,549,509.54. The transaction was disclosed in a filing with the SEC, which is available at this link.

Michael James Callahan also recently made the following trade(s):

  • On Tuesday, May 12th, Michael James Callahan sold 14,000 shares of Datadog stock. The stock was sold at an average price of $64.85, for a total transaction of $907,900.00.
  • On Thursday, May 7th, Michael James Callahan sold 30,000 shares of Datadog stock. The stock was sold at an average price of $48.96, for a total transaction of $1,468,800.00.

NASDAQ DDOG opened at $93.86 on Friday. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 0.06. Datadog has a one year low of $27.55 and a one year high of $98.99. The stock has a 50 day moving average price of $87.53 and a 200-day moving average price of $57.43.

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, topping analysts’ consensus estimates of ($0.03) by $0.09. The company had revenue of $131.30 million during the quarter, compared to the consensus estimate of $117.73 million. The business’s revenue was up 87.4% compared to the same quarter last year. On average, sell-side analysts predict that Datadog will post -0.02 earnings per share for the current fiscal year.

Several research firms recently issued reports on DDOG. Stifel Nicolaus increased their target price on shares of Datadog from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Royal Bank of Canada increased their price objective on shares of Datadog from $43.00 to $50.00 and gave the company a “sector perform” rating in a report on Monday, May 11th. Credit Suisse Group increased their price objective on shares of Datadog from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Oppenheimer reaffirmed a “hold” rating on shares of Datadog in a report on Monday, May 11th. Finally, DA Davidson began coverage on shares of Datadog in a report on Wednesday, April 15th. They set a “neutral” rating and a $38.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Datadog presently has an average rating of “Buy” and a consensus price target of $75.79.

Institutional investors and hedge funds have recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Datadog in the first quarter worth $26,000. Engrave Wealth Partners LLC lifted its position in Datadog by 209.0% in the second quarter. Engrave Wealth Partners LLC now owns 309 shares of the company’s stock worth $26,000 after buying an additional 209 shares during the last quarter. Sugarloaf Wealth Management LLC bought a new stake in Datadog in the first quarter worth $27,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Datadog in the first quarter worth $32,000. Finally, Harbor Investment Advisory LLC bought a new stake in Datadog in the second quarter worth $33,000. Institutional investors own 29.62% of the company’s stock.

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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