Adam Blitzer Sells 12,032 Shares of Datadog (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) COO Adam Blitzer sold 12,032 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $214.38, for a total value of $2,579,420.16. Following the sale, the chief operating officer owned 237,927 shares of the company’s stock, valued at approximately $51,006,790.26. This represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 2nd, Adam Blitzer sold 13,812 shares of Datadog stock. The shares were sold at an average price of $212.90, for a total transaction of $2,940,574.80.

Datadog Stock Up 7.2%

Shares of DDOG opened at $225.27 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.20 and a current ratio of 3.20. Datadog, Inc. has a 52 week low of $98.01 and a 52 week high of $292.72. The stock has a market capitalization of $80.89 billion, a price-to-earnings ratio of 459.74, a PEG ratio of 20.58 and a beta of 1.49. The stock has a fifty day moving average of $247.14 and a 200-day moving average of $195.75.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. Datadog had a return on equity of 5.67% and a net margin of 4.48%.The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the firm posted $0.46 earnings per share. The business’s revenue for the quarter was up 35.6% on a year-over-year basis. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. As a group, sell-side analysts anticipate that Datadog, Inc. will post 0.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPL Wealth Management LLC bought a new stake in shares of Datadog during the third quarter worth about $27,000. EMC Capital Management purchased a new stake in shares of Datadog in the second quarter worth approximately $28,000. Cornerstone Financial Management LLC lifted its holdings in shares of Datadog by 54.9% in the second quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock valued at $33,000 after purchasing an additional 45 shares in the last quarter. Rothschild Investment LLC boosted its position in shares of Datadog by 52.5% during the fourth quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock valued at $37,000 after buying an additional 94 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its holdings in Datadog by 341.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 318 shares of the company’s stock worth $38,000 after buying an additional 246 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on DDOG shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $280.00 price objective on shares of Datadog in a research note on Thursday, August 6th. TD Cowen increased their price target on Datadog from $260.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Needham & Company LLC boosted their price objective on Datadog from $260.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Piper Sandler reaffirmed an “overweight” rating and set a $275.00 target price (up from $230.00) on shares of Datadog in a research note on Wednesday, June 10th. Finally, Citizens Jmp lifted their target price on Datadog from $225.00 to $311.00 and gave the stock a “market outperform” rating in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Datadog has a consensus rating of “Moderate Buy” and an average price target of $276.32.

About Datadog

Datadog, Inc (NASDAQ:DDOG) is a cloud-based software company that provides monitoring, observability, security and analytics tools for modern applications and information technology environments. Its platform helps organizations collect, correlate and analyze data from servers, databases, applications, containers, networks and cloud services in a unified environment.

The company’s products include infrastructure monitoring, application performance monitoring, log management, real user and synthetic monitoring, database monitoring, cloud security, software delivery tools, incident management and cloud cost management.