Datadog (NASDAQ:DDOG) Director Sells $1,237,500.00 in Stock

by · The Markets Daily

Datadog, Inc. (NASDAQ:DDOG – Get Free Report) Director Julie Richardson sold 5,625 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $220.00, for a total transaction of $1,237,500.00. Following the completion of the sale, the director directly owned 3,178 shares of the company’s stock, valued at approximately $699,160. This trade represents a 63.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Datadog Stock Down 1.6%

Shares of DDOG stock opened at $221.72 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20. Datadog, Inc. has a one year low of $98.01 and a one year high of $292.72. The company’s fifty day moving average price is $246.37 and its 200-day moving average price is $196.50. The company has a market capitalization of $79.62 billion, a price-to-earnings ratio of 452.50, a PEG ratio of 22.06 and a beta of 1.49.

Datadog (NASDAQ:DDOG – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the firm posted $0.46 EPS. Datadog’s quarterly revenue was up 35.6% compared to the same quarter last year. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. Sell-side analysts expect that Datadog, Inc. will post 0.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wolfe Research reaffirmed an “outperform” rating and issued a $295.00 price objective on shares of Datadog in a research note on Thursday, June 11th. Citigroup lifted their target price on Datadog from $300.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Citizens Jmp boosted their price target on Datadog from $225.00 to $311.00 and gave the stock a “market outperform” rating in a report on Monday, July 20th. Evercore upped their price target on Datadog from $225.00 to $265.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Finally, Benchmark reiterated a “buy” rating on shares of Datadog in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $276.32.

Check Out Our Latest Stock Report on Datadog

Institutional Trading of Datadog

A number of large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System grew its stake in shares of Datadog by 27,002.8% in the 2nd quarter. California State Teachers Retirement System now owns 121,189,509 shares of the company’s stock worth $31,552,901,000 after buying an additional 120,742,361 shares in the last quarter. State Street Corp raised its position in shares of Datadog by 106.8% during the 3rd quarter. State Street Corp now owns 13,732,777 shares of the company’s stock valued at $1,955,547,000 after buying an additional 7,091,075 shares in the last quarter. Norges Bank purchased a new stake in shares of Datadog during the 4th quarter valued at about $469,461,000. Invesco Ltd. lifted its holdings in shares of Datadog by 119.2% in the 3rd quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock valued at $580,383,000 after acquiring an additional 2,216,402 shares during the last quarter. Finally, Employees Provident Fund Board bought a new position in shares of Datadog in the 4th quarter valued at about $251,582,000. Institutional investors own 78.29% of the company’s stock.

About Datadog

(Get Free Report)

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.

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