Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CRO Sean Michael Walters sold 11,876 shares of Datadog stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $231.02, for a total transaction of $2,743,593.52. Following the completion of the sale, the executive owned 258,420 shares of the company’s stock, valued at $59,700,188.40. This represents a 4.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sean Michael Walters also recently made the following trade(s):
- On Tuesday, June 2nd, Sean Michael Walters sold 13,409 shares of Datadog stock. The shares were sold at an average price of $267.15, for a total transaction of $3,582,214.35.
- On Thursday, May 7th, Sean Michael Walters sold 7,657 shares of Datadog stock. The stock was sold at an average price of $188.50, for a total transaction of $1,443,344.50.
- On Tuesday, May 5th, Sean Michael Walters sold 1,914 shares of Datadog stock. The stock was sold at an average price of $150.00, for a total transaction of $287,100.00.
Datadog Price Performance
Shares of DDOG opened at $233.09 on Tuesday. The firm has a market cap of $82.97 billion, a PE ratio of 613.41, a P/E/G ratio of 24.62 and a beta of 1.56. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $180.54 and a two-hundred day simple moving average of $147.82. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $278.70.
Key Headlines Impacting Datadog
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: Truist Financial upgraded Datadog from hold to buy and raised its price target to $300 from $190, citing additional upside from the company’s growth outlook. Truist Just Upgraded Datadog Stock. Here’s Why.
- Positive Sentiment: Coverage highlighted Datadog’s expanding AI observability, cloud monitoring, and security businesses, noting that demand is broadening and still supporting strong revenue growth and cash generation. Datadog (DDOG): AI Observability Push Shows Why Cloud Monitoring Demand Is Broadening
- Positive Sentiment: Datadog’s Dash conference news was seen as constructive after the company unveiled 100+ new AI and security features, strengthening its position as a control layer for AI and cloud workloads and supporting the recent guidance increase. How Datadog’s Dash AI and Security Expansion Will Impact Datadog (DDOG) Investors
- Neutral Sentiment: The stock has also drawn attention from valuation-focused commentary, which said Datadog looks somewhat rich after a strong run. That could temper enthusiasm, even though momentum remains strong. Datadog (DDOG) Stock Valuation Looks Slightly Rich After Strong Momentum
- Negative Sentiment: Company insider Sean Michael Walters sold shares in a pre-arranged Rule 10b5-1 plan. While routine, insider selling can sometimes be viewed as a mild caution signal by investors. Insider trade details
Institutional Investors Weigh In On Datadog
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DDOG. Elevation Point Wealth Partners LLC lifted its holdings in Datadog by 3.3% during the third quarter. Elevation Point Wealth Partners LLC now owns 1,697 shares of the company’s stock valued at $242,000 after purchasing an additional 55 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of Datadog by 1.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 4,778 shares of the company’s stock worth $622,000 after purchasing an additional 73 shares in the last quarter. Vivaldi Capital Management LP increased its stake in shares of Datadog by 2.8% in the third quarter. Vivaldi Capital Management LP now owns 2,689 shares of the company’s stock worth $383,000 after purchasing an additional 74 shares in the last quarter. State of Wyoming raised its position in shares of Datadog by 4.1% during the 1st quarter. State of Wyoming now owns 1,946 shares of the company’s stock valued at $230,000 after purchasing an additional 76 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of Datadog by 2.0% during the 4th quarter. Farther Finance Advisors LLC now owns 3,892 shares of the company’s stock valued at $529,000 after buying an additional 78 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on DDOG shares. TD Cowen upped their price target on shares of Datadog from $235.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday. BMO Capital Markets reissued an “outperform” rating and issued a $260.00 price objective on shares of Datadog in a report on Friday. Capital One Financial cut their target price on shares of Datadog from $157.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Citigroup downgraded shares of Datadog from an “outperform” rating to a “neutral” rating in a research report on Monday. Finally, Benchmark lifted their price target on shares of Datadog from $230.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $234.14.
Get Our Latest Stock Analysis on DDOG
About Datadog
Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.
The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.
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