Shardul Shah Sells 7,916 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) Director Shardul Shah sold 7,916 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $126.67, for a total transaction of $1,002,719.72. Following the sale, the director now directly owns 451,533 shares of the company’s stock, valued at approximately $57,195,685.11. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shardul Shah also recently made the following trade(s):

• On Friday, October 4th, Shardul Shah sold 15,832 shares of Datadog stock. The shares were sold at an average price of $120.02, for a total transaction of $1,900,156.64.

Datadog Price Performance

Datadog stock traded up $0.22 during midday trading on Thursday, reaching $126.22. The stock had a trading volume of 2,505,662 shares, compared to its average volume of 3,804,784. The firm’s fifty day simple moving average is $116.02 and its two-hundred day simple moving average is $119.37. Datadog, Inc. has a twelve month low of $77.81 and a twelve month high of $138.61. The firm has a market cap of $42.22 billion, a price-to-earnings ratio of 396.00, a PEG ratio of 22.85 and a beta of 1.11.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Datadog had a net margin of 6.81% and a return on equity of 9.01%. The firm had revenue of $645.28 million during the quarter, compared to analyst estimates of $624.92 million. During the same quarter last year, the business posted $0.36 EPS. The company’s revenue was up 26.7% on a year-over-year basis. As a group, sell-side analysts predict that Datadog, Inc. will post 0.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Datadog

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Riverview Trust Co acquired a new position in Datadog in the 1st quarter worth approximately $26,000. SouthState Corp purchased a new stake in Datadog in the 2nd quarter worth approximately $26,000. Blue Trust Inc. purchased a new stake in Datadog in the 2nd quarter worth approximately $37,000. EverSource Wealth Advisors LLC lifted its position in Datadog by 70.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock worth $39,000 after buying an additional 127 shares in the last quarter. Finally, American National Bank & Trust purchased a new stake in Datadog in the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

DDOG has been the subject of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $151.00 price objective on shares of Datadog in a research report on Friday, August 9th. Cantor Fitzgerald restated an “overweight” rating and issued a $150.00 price target on shares of Datadog in a research note on Monday, July 22nd. BTIG Research upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $143.00 price target on the stock in a research note on Thursday, August 1st. BNP Paribas assumed coverage on shares of Datadog in a research note on Tuesday, October 8th. They issued an “outperform” rating and a $150.00 price target on the stock. Finally, Mizuho upgraded shares of Datadog from a “neutral” rating to an “outperform” rating and raised their price target for the company from $135.00 to $155.00 in a research note on Tuesday, July 16th. Four analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Datadog currently has an average rating of “Moderate Buy” and a consensus target price of $141.19.

Datadog Company Profile

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.