David Obstler Sells 40,000 Shares of Datadog (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) CFO David Obstler sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $227.47, for a total transaction of $9,098,800.00. Following the sale, the chief financial officer owned 378,067 shares of the company’s stock, valued at $85,998,900.49. This trade represents a 9.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Datadog Stock Performance

DDOG traded up $0.52 during midday trading on Wednesday, reaching $230.79. The company had a trading volume of 2,748,138 shares, compared to its average volume of 5,419,986. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.20 and a current ratio of 3.20. The stock has a market cap of $82.87 billion, a PE ratio of 471.01, a P/E/G ratio of 22.45 and a beta of 1.49. Datadog, Inc. has a 12-month low of $98.01 and a 12-month high of $292.72. The business has a 50-day moving average price of $244.55 and a two-hundred day moving average price of $199.06.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. Datadog had a return on equity of 5.67% and a net margin of 4.48%.The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the company earned $0.46 earnings per share. Datadog’s revenue was up 35.6% compared to the same quarter last year. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. On average, sell-side analysts expect that Datadog, Inc. will post 0.7 earnings per share for the current fiscal year.

Institutional Trading of Datadog

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in Datadog by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 9,056,086 shares of the company’s stock worth $1,227,184,000 after purchasing an additional 197,816 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Datadog by 22.8% during the 1st quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock valued at $905,570,000 after purchasing an additional 1,439,082 shares in the last quarter. Norges Bank bought a new position in shares of Datadog in the fourth quarter worth $469,461,000. First Trust Advisors LP increased its holdings in shares of Datadog by 81.5% in the first quarter. First Trust Advisors LP now owns 3,685,562 shares of the company’s stock worth $435,081,000 after purchasing an additional 1,654,429 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Datadog by 30.3% in the first quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company’s stock worth $312,340,000 after buying an additional 615,090 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DDOG. Bank of America increased their price target on Datadog from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Wedbush initiated coverage on shares of Datadog in a report on Friday, September 11th. They set an “outperform” rating and a $275.00 price objective on the stock. Scotiabank increased their target price on shares of Datadog from $275.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Cantor Fitzgerald lifted their target price on shares of Datadog from $226.00 to $327.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Finally, Robert W. Baird set a $300.00 price target on shares of Datadog in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $276.66.

Datadog Company Profile

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.