Datadog (NASDAQ:DDOG) Director Michael James Callahan Sells 145,000 Shares

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Datadog (NASDAQ:DDOG) Director Michael James Callahan sold 145,000 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $89.39, for a total transaction of $12,961,550.00. Following the sale, the director now owns 229,886 shares in the company, valued at approximately $20,549,509.54. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Michael James Callahan also recently made the following trade(s):

  • On Tuesday, May 12th, Michael James Callahan sold 14,000 shares of Datadog stock. The shares were sold at an average price of $64.85, for a total transaction of $907,900.00.
  • On Thursday, May 7th, Michael James Callahan sold 30,000 shares of Datadog stock. The shares were sold at an average price of $48.96, for a total transaction of $1,468,800.00.

Shares of NASDAQ DDOG opened at $93.86 on Friday. The stock has a market capitalization of $28.10 billion and a P/E ratio of -625.73. The company has a 50-day moving average price of $87.53 and a 200-day moving average price of $57.43. Datadog has a 1 year low of $27.55 and a 1 year high of $98.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.43 and a quick ratio of 4.43.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.09. The business had revenue of $131.30 million for the quarter, compared to analyst estimates of $117.73 million. The company’s quarterly revenue was up 87.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Datadog will post -0.02 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. National Asset Management Inc. bought a new stake in Datadog in the second quarter worth about $520,000. Comerica Bank raised its position in shares of Datadog by 50.2% in the second quarter. Comerica Bank now owns 12,984 shares of the company’s stock valued at $1,162,000 after purchasing an additional 4,340 shares during the period. Ieq Capital LLC bought a new stake in shares of Datadog in the second quarter valued at approximately $898,000. Kovack Advisors Inc. bought a new stake in shares of Datadog in the second quarter valued at approximately $1,273,000. Finally, American Financial Advisors LLC bought a new stake in shares of Datadog in the second quarter valued at approximately $232,000. Hedge funds and other institutional investors own 29.62% of the company’s stock.

Several equities analysts have recently issued reports on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $75.00 price target on shares of Datadog in a research note on Tuesday, July 28th. Stifel Nicolaus raised their price target on shares of Datadog from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Zacks Investment Research downgraded shares of Datadog from a “buy” rating to a “hold” rating in a research note on Tuesday, July 14th. FBN Securities started coverage on shares of Datadog in a research report on Friday, July 10th. They set an “outperform” rating and a $115.00 price objective for the company. Finally, Jefferies Financial Group increased their price objective on shares of Datadog from $39.00 to $59.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $75.79.

Datadog Company Profile

Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. Its SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, and log management to provide real-time observability of customers technology stack.

Further Reading: Dead Cat Bounce

Insider Buying and Selling by Quarter for Datadog (NASDAQ:DDOG)

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