Datadog (NASDAQ:DDOG) COO Adam Blitzer Sells 8,508 Shares

Datadog, Inc. (NASDAQ:DDOG) COO Adam Blitzer sold 8,508 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total transaction of $1,349,368.80. Following the transaction, the chief operating officer owned 173,220 shares in the company, valued at approximately $27,472,692. This trade represents a 4.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Adam Blitzer also recently made the following trade(s):

• On Wednesday, December 3rd, Adam Blitzer sold 8,023 shares of Datadog stock. The stock was sold at an average price of $154.61, for a total transaction of $1,240,436.03.

Datadog Stock Down 0.6%

Shares of NASDAQ:DDOG opened at $152.06 on Friday. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $201.69. The company has a market capitalization of $53.32 billion, a PE ratio of 491.40, a price-to-earnings-growth ratio of 35.37 and a beta of 1.23. The business has a fifty day moving average price of $162.51 and a two-hundred day moving average price of $142.97. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.10. The company had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The firm’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. Analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

DDOG has been the subject of several recent research reports. Jefferies Financial Group lifted their price objective on Datadog from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Canaccord Genuity Group boosted their target price on shares of Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Rosenblatt Securities lifted their price target on Datadog from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Macquarie boosted their price objective on Datadog from $175.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, Wolfe Research raised their target price on Datadog from $175.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Thirty-one investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $207.38.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Callan Family Office LLC raised its position in shares of Datadog by 145.6% during the 2nd quarter. Callan Family Office LLC now owns 22,680 shares of the company’s stock valued at $3,047,000 after buying an additional 13,445 shares in the last quarter. Motley Fool Asset Management LLC increased its stake in Datadog by 149.0% in the first quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company’s stock valued at $3,783,000 after acquiring an additional 22,818 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Datadog by 178.6% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company’s stock valued at $9,032,000 after acquiring an additional 58,369 shares during the last quarter. Jefferies Financial Group Inc. raised its position in Datadog by 360.4% during the second quarter. Jefferies Financial Group Inc. now owns 77,018 shares of the company’s stock valued at $10,346,000 after purchasing an additional 60,291 shares in the last quarter. Finally, Alta Advisers Ltd purchased a new position in shares of Datadog in the 2nd quarter worth about $235,000. 78.29% of the stock is currently owned by institutional investors.

About Datadog

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.