Datadog (NASDAQ:DDOG) Insider Yanbing Li Sells 6,715 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) insider Yanbing Li sold 6,715 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $158.60, for a total transaction of $1,064,999.00. Following the completion of the transaction, the insider directly owned 199,394 shares of the company’s stock, valued at approximately $31,623,888.40. This trade represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Datadog Stock Down 0.6%

Shares of NASDAQ:DDOG opened at $152.06 on Friday. The company has a market cap of $53.32 billion, a price-to-earnings ratio of 491.40, a PEG ratio of 35.37 and a beta of 1.23. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $201.69. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average price of $162.51 and a 200 day moving average price of $142.97.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.10. The company had revenue of $885.65 million for the quarter, compared to analysts’ expectations of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The firm’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same period in the previous year, the firm posted $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. As a group, equities research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Callan Family Office LLC lifted its stake in Datadog by 145.6% in the second quarter. Callan Family Office LLC now owns 22,680 shares of the company’s stock worth $3,047,000 after acquiring an additional 13,445 shares during the period. Motley Fool Asset Management LLC boosted its position in Datadog by 149.0% during the 1st 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 in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Datadog by 178.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company’s stock worth $9,032,000 after buying an additional 58,369 shares during the last quarter. Jefferies Financial Group Inc. increased its position in Datadog by 360.4% during the 2nd quarter. Jefferies Financial Group Inc. now owns 77,018 shares of the company’s stock valued at $10,346,000 after buying an additional 60,291 shares in the last quarter. Finally, Alta Advisers Ltd purchased a new stake in Datadog in the second quarter valued at about $235,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DDOG shares. Cowen restated a “buy” rating on shares of Datadog in a report on Thursday, November 6th. Wall Street Zen raised Datadog from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Sanford C. Bernstein raised their price target on Datadog from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Wolfe Research boosted their price objective on Datadog from $175.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, DA Davidson upped their price objective on Datadog from $180.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Thirty-one analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $207.38.

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.