Datadog (NASDAQ:DDOG) Director Michael James Callahan sold 145,000 shares of Datadog stock in a transaction 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 directly owns 229,886 shares of the company’s stock, valued at approximately $20,549,509.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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 stock was 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 stock was sold at an average price of $48.96, for a total transaction of $1,468,800.00.

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. Datadog has a 12 month low of $27.55 and a 12 month high of $98.99. The firm’s fifty day simple moving average is $87.53 and its 200 day simple moving average is $57.43. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 0.06.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.09. The company had revenue of $131.30 million during the quarter, compared to the consensus estimate of $117.73 million. The firm’s quarterly revenue was up 87.4% on a year-over-year basis. On average, equities research analysts predict that Datadog will post -0.02 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Atticus Wealth Management LLC lifted its position in Datadog by 2.5% during the 2nd quarter. Atticus Wealth Management LLC now owns 6,075 shares of the company’s stock worth $528,000 after buying an additional 150 shares in the last quarter. Engrave Wealth Partners LLC lifted its position in Datadog by 209.0% during the 2nd quarter. Engrave Wealth Partners LLC now owns 309 shares of the company’s stock worth $26,000 after buying an additional 209 shares in the last quarter. Synovus Financial Corp lifted its position in Datadog by 37.7% during the 1st quarter. Synovus Financial Corp now owns 1,377 shares of the company’s stock worth $49,000 after buying an additional 377 shares in the last quarter. Harbor Investment Advisory LLC bought a new stake in Datadog during the 2nd quarter worth about $33,000. Finally, State Street Corp lifted its position in Datadog by 3.5% during the 1st quarter. State Street Corp now owns 14,900 shares of the company’s stock worth $536,000 after buying an additional 500 shares in the last quarter. 29.62% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have commented on DDOG. William Blair reaffirmed a “buy” rating on shares of Datadog in a report on Thursday, June 18th. Jefferies Financial Group lifted their target price on shares of Datadog from $39.00 to $59.00 and gave the stock a “hold” rating in a report on Tuesday, May 12th. Rosenblatt Securities reaffirmed a “buy” rating and set a $75.00 target price on shares of Datadog in a report on Tuesday, July 28th. Morgan Stanley boosted their price target on shares of Datadog from $60.00 to $80.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. They noted that the move was a valuation call. Finally, FBN Securities began coverage on shares of Datadog in a report on Friday, July 10th. They issued an “outperform” rating and a $115.00 price target for the company. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average 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.

See Also: Trade War

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

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.