Michael James Callahan Sells 12,500 Shares of Datadog (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) Director Michael James Callahan sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $247.47, for a total value of $3,093,375.00. Following the sale, the director directly owned 14,996 shares of the company’s stock, valued at $3,711,060.12. The trade was a 45.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, June 12th, Michael James Callahan sold 112,500 shares of Datadog stock. The stock was sold at an average price of $231.60, for a total transaction of $26,055,000.00.

Datadog Price Performance

NASDAQ DDOG opened at $260.36 on Friday. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $278.70. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.40 and a current ratio of 3.40. The stock has a market capitalization of $92.68 billion, a PE ratio of 685.18, a P/E/G ratio of 26.89 and a beta of 1.54. The stock has a 50-day simple moving average of $211.10 and a 200 day simple moving average of $155.27.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $960.12 million. During the same period in the prior year, the firm earned $0.46 EPS. The business’s revenue was up 32.1% on a year-over-year basis. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. Research analysts anticipate that Datadog, Inc. will post 0.64 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on DDOG. Benchmark boosted their price target on shares of Datadog from $260.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday. Capital One Financial lifted their target price on shares of Datadog from $217.00 to $268.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Bank of America boosted their target price on Datadog from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Stifel Nicolaus set a $305.00 price target on Datadog in a research report on Thursday, May 7th. Finally, TD Cowen raised their price target on Datadog from $235.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.68.

Institutional Investors Weigh In On Datadog

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp increased its position in shares of Datadog by 106.8% in the third quarter. State Street Corp now owns 13,732,777 shares of the company’s stock worth $1,955,547,000 after purchasing an additional 7,091,075 shares during the period. Norges Bank acquired a new position in Datadog in the fourth quarter valued at about $469,461,000. Jennison Associates LLC lifted its position in Datadog by 43.7% during the fourth quarter. Jennison Associates LLC now owns 7,623,993 shares of the company’s stock worth $1,036,787,000 after purchasing an additional 2,316,994 shares during the period. Invesco Ltd. lifted its position in Datadog by 119.2% during the third quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock worth $580,383,000 after purchasing an additional 2,216,402 shares during the period. Finally, Employees Provident Fund Board acquired a new stake in Datadog during the fourth quarter worth about $251,582,000. Institutional investors own 78.29% of the company’s stock.

Datadog Company Profile

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.