Datadog, Inc. (NASDAQ:DDOG – Get Rating) General Counsel Kerry Acocella sold 2,895 shares of the company’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $110.40, for a total transaction of $319,608.00. Following the completion of the sale, the general counsel now owns 44,831 shares in the company, valued at approximately $4,949,342.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Kerry Acocella also recently made the following trade(s):
- On Thursday, June 2nd, Kerry Acocella sold 240 shares of Datadog stock. The shares were sold at an average price of $102.22, for a total transaction of $24,532.80.
- On Wednesday, May 11th, Kerry Acocella sold 2,044 shares of Datadog stock. The shares were sold at an average price of $100.91, for a total transaction of $206,260.04.
Shares of Datadog stock traded down $7.44 during trading on Friday, hitting $96.20. The stock had a trading volume of 5,026,065 shares, compared to its average volume of 5,071,791. The firm’s fifty day simple moving average is $114.72 and its 200-day simple moving average is $141.10. The stock has a market cap of $30.30 billion, a PE ratio of -9,620,000.00 and a beta of 1.28. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.33 and a quick ratio of 3.33. Datadog, Inc. has a 12 month low of $82.15 and a 12 month high of $199.68.
Datadog (NASDAQ:DDOG – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.11 by $0.13. The company had revenue of $363.03 million for the quarter, compared to the consensus estimate of $337.81 million. Datadog had a net margin of 0.17% and a return on equity of 1.53%. The firm’s revenue was up 82.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.03) EPS. Analysts expect that Datadog, Inc. will post -0.14 earnings per share for the current fiscal year.
Several equities research analysts have commented on DDOG shares. KeyCorp decreased their price objective on shares of Datadog from $210.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, April 25th. Morgan Stanley decreased their price objective on shares of Datadog from $210.00 to $159.00 in a research note on Friday, May 6th. BTIG Research assumed coverage on shares of Datadog in a research note on Tuesday, March 22nd. They set a “buy” rating and a $175.00 price target for the company. Citigroup cut their price objective on shares of Datadog from $220.00 to $195.00 in a report on Friday, May 6th. Finally, Jefferies Financial Group cut their price objective on shares of Datadog from $170.00 to $125.00 in a report on Monday, May 23rd. Five analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $169.86.
Institutional investors have recently modified their holdings of the company. ICONIQ Capital LLC boosted its stake in Datadog by 245.4% in the 1st quarter. ICONIQ Capital LLC now owns 15,791,929 shares of the company’s stock worth $2,392,003,000 after purchasing an additional 11,219,544 shares in the last quarter. David J Yvars Group acquired a new stake in shares of Datadog during the fourth quarter worth about $7,155,000. Norges Bank acquired a new stake in shares of Datadog during the fourth quarter worth about $360,540,000. Capital Research Global Investors lifted its position in shares of Datadog by 67.4% during the fourth quarter. Capital Research Global Investors now owns 4,641,710 shares of the company’s stock worth $826,735,000 after purchasing an additional 1,868,762 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Datadog by 104.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,084,788 shares of the company’s stock worth $315,783,000 after purchasing an additional 1,066,716 shares in the last quarter. 65.17% of the stock is currently owned by hedge funds and other institutional investors.
Datadog Company Profile (Get Rating)
Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company’s SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of its customers technology stack.
Featured Articles
Receive News & Ratings for Datadog Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Datadog and related companies with MarketBeat.com’s FREE daily email newsletter.
Read More: Kerry Acocella Sells 2,895 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock