Datadog (NASDAQ:DDOG) Hits New 52-Week Low on Insider Selling

Datadog, Inc. (NASDAQ:DDOG)’s stock price hit a new 52-week low during trading on Thursday after an insider sold shares in the company. The company traded as low as $98.73 and last traded at $99.22, with a volume of 2794102 shares traded. The stock had previously closed at $102.03.

Specifically, CRO Sean Michael Walters sold 8,454 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total value of $862,646.16. Following the completion of the transaction, the executive now directly owns 185,871 shares of the company’s stock, valued at approximately $18,966,276.84. This represents a 4.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 107,365 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $109.56, for a total transaction of $11,762,909.40. Following the sale, the chief executive officer now directly owns 435,793 shares of the company’s stock, valued at $47,745,481.08. The trade was a 19.77 % decrease in their position. The disclosure for this sale can be found here.

Analyst Ratings Changes

A number of research firms recently weighed in on DDOG. Rosenblatt Securities boosted their price target on shares of Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Loop Capital boosted their target price on Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Macquarie reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Datadog in a report on Tuesday, February 11th. DA Davidson boosted their price objective on Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 target price on shares of Datadog in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $158.70.

Datadog Price Performance

The firm has a market cap of $33.82 billion, a PE ratio of 193.49, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. The company’s 50 day moving average price is $131.67 and its 200 day moving average price is $131.22.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. Sell-side analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Siemens Fonds Invest GmbH boosted its stake in shares of Datadog by 2.4% in the 4th quarter. Siemens Fonds Invest GmbH now owns 5,856 shares of the company’s stock valued at $844,000 after buying an additional 137 shares during the period. Total Wealth Planning & Management Inc. acquired a new stake in Datadog in the fourth quarter valued at approximately $314,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Datadog in the fourth quarter worth approximately $47,697,000. Azzad Asset Management Inc. ADV lifted its stake in Datadog by 8.5% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 20,761 shares of the company’s stock worth $2,967,000 after acquiring an additional 1,622 shares during the last quarter. Finally, Putney Financial Group LLC acquired a new position in Datadog during the 4th quarter worth approximately $32,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Company Profile

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.