Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CRO Sean Michael Walters offered 2,322 shares of Datadog inventory in a transaction dated Tuesday, October eighth. The shares had been offered at a mean value of $125.00, for a complete worth of $290,250.00. Following the completion of the sale, the manager now owns 183,512 shares of the corporate’s inventory, valued at $22,939,000. The commerce was a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a submitting with the Securities & Trade Fee, which will be accessed by this hyperlink.
Datadog Inventory Efficiency
Shares of DDOG inventory opened at $129.81 on Friday. Datadog, Inc. has a fifty-two week low of $77.81 and a fifty-two week excessive of $138.61. The agency has a market capitalization of $43.77 billion, a PE ratio of 288.47, a P/E/G ratio of twenty-two.85 and a beta of 1.11. The inventory’s 50-day easy transferring common is $114.75 and its 200-day easy transferring common is $119.29.
Datadog (NASDAQ:DDOG – Get Free Report) final issued its quarterly earnings outcomes on Thursday, August eighth. The corporate reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.06. Datadog had a internet margin of 6.81% and a return on fairness of 9.01%. The corporate had income of $645.28 million for the quarter, in comparison with the consensus estimate of $624.92 million. Throughout the identical quarter within the prior yr, the corporate earned $0.36 EPS. Datadog’s quarterly income was up 26.7% on a year-over-year foundation. Promote-side analysts forecast that Datadog, Inc. will publish 0.42 earnings per share for the present yr.
Institutional Inflows and Outflows
Institutional traders have just lately made modifications to their positions within the enterprise. Congress Asset Administration Co. MA acquired a brand new stake in Datadog in the course of the 1st quarter price about $1,083,000. Vanguard Group Inc. boosted its stake in shares of Datadog by 0.6% within the first quarter. Vanguard Group Inc. now owns 27,431,107 shares of the corporate’s inventory price $3,390,485,000 after shopping for an extra 171,693 shares over the last quarter. Los Angeles Capital Administration LLC grew its holdings in Datadog by 9.3% in the course of the first quarter. Los Angeles Capital Administration LLC now owns 264,821 shares of the corporate’s inventory price $32,732,000 after buying an extra 22,544 shares in the course of the interval. Financial institution of Montreal Can raised its place in Datadog by 129.2% in the course of the second quarter. Financial institution of Montreal Can now owns 610,977 shares of the corporate’s inventory valued at $79,384,000 after buying an extra 344,431 shares within the final quarter. Lastly, Plato Funding Administration Ltd lifted its holdings in Datadog by 1,648.8% within the first quarter. Plato Funding Administration Ltd now owns 5,159 shares of the corporate’s inventory valued at $638,000 after buying an extra 4,864 shares in the course of the interval. Hedge funds and different institutional traders personal 78.29% of the corporate’s inventory.
Analyst Upgrades and Downgrades
A number of equities analysis analysts have just lately commented on the inventory. Evercore ISI started protection on shares of Datadog in a report on Monday, July fifteenth. They issued an “outperform” ranking and a $150.00 value goal for the corporate. BNP Paribas assumed protection on Datadog in a report on Tuesday, October eighth. They set an “outperform” ranking and a $150.00 goal value for the corporate. DA Davidson upgraded Datadog from a “impartial” ranking to a “purchase” ranking and lifted their value goal for the corporate from $115.00 to $140.00 in a report on Tuesday, October 1st. BTIG Analysis upgraded Datadog from a “impartial” ranking to a “purchase” ranking and set a $143.00 value goal for the corporate in a analysis notice on Thursday, August 1st. Lastly, Mizuho raised Datadog from a “impartial” ranking to an “outperform” ranking and raised their value goal for the corporate from $135.00 to $155.00 in a analysis report on Tuesday, July sixteenth. 4 equities analysis analysts have rated the inventory with a maintain ranking, twenty-six have issued a purchase ranking and one has issued a powerful purchase ranking to the inventory. Based mostly on knowledge from MarketBeat, the inventory presently has a consensus ranking of “Reasonable Purchase” and a mean value goal of $141.19.
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Datadog Firm Profile
Datadog, Inc operates an observability and safety platform for cloud purposes in North America and internationally. The corporate’s merchandise comprise infrastructure and utility efficiency monitoring, log administration, digital expertise monitoring, steady profiler, database monitoring, knowledge streams and common service monitoring, community monitoring, incident administration, workflow automation, observability pipelines, cloud value and cloud safety administration, utility safety administration, cloud SIEM, delicate knowledge scanner, and CI visibility.
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