Datadog (NASDAQ:DDOG) COO Sells $2,579,420.16 in Stock

Datadog, Inc. (NASDAQ:DDOG) COO Adam Blitzer sold 12,032 shares of Datadog stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $214.38, for a total value of $2,579,420.16. Following the transaction, the chief operating officer directly owned 237,927 shares in the company, valued at approximately $51,006,790.26. The trade was a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 value of $2,940,574.80.

Datadog Trading Down 1.6%

Datadog stock opened at $221.72 on Friday. Datadog, Inc. has a 12-month low of $98.01 and a 12-month high of $292.72. The firm has a market capitalization of $79.62 billion, a price-to-earnings ratio of 452.50, a P/E/G ratio of 22.06 and a beta of 1.49. The firm has a 50 day moving average of $246.37 and a 200 day moving average of $196.50. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the firm earned $0.46 EPS. The company’s revenue 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, research analysts predict that Datadog, Inc. will post 0.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DDOG shares. Zacks Research downgraded Datadog from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Truist Financial upgraded Datadog from a “hold” rating to a “buy” rating and increased their target price for the stock from $190.00 to $300.00 in a research report on Monday, June 15th. Wall Street Zen raised Datadog from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Wedbush initiated coverage on Datadog in a research note on Monday, June 15th. They issued a “neutral” rating for the company. Finally, DA Davidson reaffirmed a “buy” rating and set a $315.00 price objective on shares of Datadog in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and a consensus target price of $276.32.

Hedge Funds Weigh In On Datadog

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new stake in shares of Datadog during the 3rd quarter worth approximately $27,000. EMC Capital Management purchased a new position in shares of Datadog in the second quarter valued at $28,000. Cornerstone Financial Management LLC grew 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 increased its position in Datadog by 52.5% in the fourth quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock worth $37,000 after purchasing an additional 94 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC increased its position in Datadog by 341.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 318 shares of the company’s stock worth $38,000 after purchasing an additional 246 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

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.