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Chief People Officer Madre De sold 1,749 shares of Datadog Inc (NASDAQ:DDOG) on June 7, 2024, according to a recent SEC filing. Following this transaction, the insider now owns 93,774 shares of the company’s stock.

Datadog Inc. is a monitoring and analytics platform for developers, IT operations teams, and business users in the cloud era. The company integrates and automates infrastructure monitoring, application performance monitoring, and log management to provide real-time observation of customers’ technology stack.

Over the past year, Madre De has sold a total of 65,089 shares and purchased no shares. This recent sale is part of a broader trend seen within the company. Over the past year, there were 102 insider sales and no insider purchases.

Insider sale: Chief People Officer Madre De sells shares of Datadog Inc (DDOG)Insider sale: Chief People Officer Madre De sells shares of Datadog Inc (DDOG)

Insider sale: Chief People Officer Madre De sells shares of Datadog Inc (DDOG)

On the day of the sale, Datadog Inc.’s stock price was $109.44. The company has a market capitalization of $38.43 billion. The price-to-earnings ratio is 359.06, well above the industry average of 26.26.

Datadog Inc.’s GF Value is estimated at $135.33, which suggests that the stock is slightly undervalued with a Price to GF Value ratio of 0.81.

Insider sale: Chief People Officer Madre De sells shares of Datadog Inc (DDOG)Insider sale: Chief People Officer Madre De sells shares of Datadog Inc (DDOG)

Insider sale: Chief People Officer Madre De sells shares of Datadog Inc (DDOG)

The GF value is calculated by taking into account historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio and price-free cash flow, together with a GuruFocus adjustment factor based on past earnings and growth as well as Morningstar analysts’ estimates of future business performance.

This insider sale may be of interest to investors tracking ownership changes and assessing the stock’s valuation metrics relative to its current trading price.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in the stocks mentioned here.

This article first appeared on GuruFocus.

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