Datadog, Inc. (NASDAQ:DDOG – Get Rating) COO Adam Blitzer sold 6,861 shares of the company's stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $91.11, for a total transaction of $625,105.71. Following the completion of the transaction, the chief operating officer now owns 173,019 shares in the company, valued at $15,763,761.09. The transaction was disclosed in a filing with the SEC, which is available at this link.
Datadog Stock Performance
DDOG opened at $86.41 on Tuesday. The business has a 50 day moving average price of $101.56 and a two-hundred day moving average price of $109.61. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.31 and a quick ratio of 3.31. The company has a market capitalization of $27.34 billion, a price-to-earnings ratio of 8,649.65 and a beta of 1.13. Datadog, Inc. has a 1-year low of $81.12 and a 1-year high of $199.68.
Get Datadog alerts:Datadog (NASDAQ:DDOG – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.10. The company had revenue of $406.14 million during the quarter, compared to the consensus estimate of $381.28 million. Datadog had a net margin of 0.48% and a return on equity of 2.24%. Datadog's revenue was up 73.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.02) EPS. Research analysts predict that Datadog, Inc. will post -0.14 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Datadog by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 22,492,050 shares of the company's stock worth $3,406,871,000 after acquiring an additional 322,533 shares during the last quarter. ICONIQ Capital LLC boosted its position in shares of Datadog by 245.4% in the 1st quarter. ICONIQ Capital LLC now owns 15,791,929 shares of the company's stock valued at $2,392,003,000 after purchasing an additional 11,219,544 shares during the period. Capital Research Global Investors increased its stake in Datadog by 7.8% in the 1st quarter. Capital Research Global Investors now owns 5,002,081 shares of the company's stock worth $757,665,000 after purchasing an additional 360,371 shares in the last quarter. Public Investment Fund acquired a new stake in Datadog during the 2nd quarter worth about $428,470,000. Finally, Dragoneer Investment Group LLC lifted its stake in Datadog by 6.2% during the first quarter. Dragoneer Investment Group LLC now owns 2,900,390 shares of the company's stock valued at $439,322,000 after buying an additional 168,230 shares in the last quarter. Institutional investors and hedge funds own 71.98% of the company's stock.Wall Street Analyst Weigh In
Several analysts have recently issued reports on DDOG shares. Rosenblatt Securities lowered their price objective on shares of Datadog from $180.00 to $146.00 and set a "buy" rating for the company in a research note on Friday, July 29th. Barclays lowered their price objective on shares of Datadog from $150.00 to $130.00 and set an "overweight" rating for the company in a research note on Friday, August 5th. BTIG Research lowered their price objective on shares of Datadog to $137.00 in a research note on Tuesday, August 9th. Raymond James lowered their price objective on shares of Datadog from $170.00 to $140.00 and set an "outperform" rating for the company in a research note on Friday, August 5th. Finally, Robert W. Baird reaffirmed an "outperform" rating and set a $120.00 price target on shares of Datadog in a research report on Wednesday, September 21st. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $148.36.
About Datadog
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Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of its customers technology stack.
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