Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Cibc World Market Inc.

Cibc World Market Inc. trimmed its position in Datadog, Inc. (NASDAQ:DDOGGet Rating) by 30.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,403 shares of the company’s stock after selling 2,797 shares during the quarter. Cibc World Market Inc.’s holdings in Datadog were worth $610,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SJS Investment Consulting Inc. acquired a new position in Datadog in the 1st quarter valued at about $27,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Datadog in the 1st quarter valued at approximately $27,000. Global Retirement Partners LLC purchased a new stake in shares of Datadog in the 2nd quarter valued at approximately $27,000. Simon Quick Advisors LLC raised its stake in shares of Datadog by 122.0% in the 1st quarter. Simon Quick Advisors LLC now owns 222 shares of the company’s stock valued at $34,000 after acquiring an additional 122 shares during the period. Finally, Glassman Wealth Services raised its stake in shares of Datadog by 294.6% in the 2nd quarter. Glassman Wealth Services now owns 367 shares of the company’s stock valued at $35,000 after acquiring an additional 274 shares during the period. 71.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DDOG has been the topic of a number of research analyst reports. Robert W. Baird reduced their price target on shares of Datadog from $120.00 to $100.00 in a research note on Friday, November 4th. Morgan Stanley reduced their price target on shares of Datadog from $130.00 to $124.00 and set an “overweight” rating on the stock in a research note on Friday, November 4th. The Goldman Sachs Group reduced their price target on shares of Datadog from $188.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, November 4th. Raymond James reduced their price target on shares of Datadog from $140.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, November 4th. Finally, Bank of America began coverage on shares of Datadog in a research note on Thursday, September 1st. They set a “buy” rating and a $135.00 target price on the stock. Five research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and an average target price of $123.23.

Datadog Trading Down 4.1 %

Shares of Datadog stock opened at $73.35 on Tuesday. The company has a fifty day simple moving average of $83.85 and a 200-day simple moving average of $94.52. Datadog, Inc. has a 12-month low of $66.45 and a 12-month high of $193.00. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.57. The stock has a market cap of $23.29 billion, a price-to-earnings ratio of -1,467.00 and a beta of 1.08.

Datadog (NASDAQ:DDOGGet Rating) last issued its earnings results on Thursday, November 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. Datadog had a negative net margin of 0.91% and a positive return on equity of 0.60%. The business had revenue of $436.53 million during the quarter, compared to analysts’ expectations of $412.15 million. On average, equities analysts forecast that Datadog, Inc. will post -0.1 EPS for the current fiscal year.

Insider Activity

In related news, Director Matthew Jacobson bought 296,965 shares of the stock in a transaction dated Wednesday, November 9th. The stock was acquired at an average price of $67.35 per share, for a total transaction of $20,000,592.75. Following the acquisition, the director now owns 605,766 shares in the company, valued at approximately $40,798,340.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Datadog news, Director Matthew Jacobson purchased 296,965 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The stock was purchased at an average price of $67.35 per share, for a total transaction of $20,000,592.75. Following the purchase, the director now directly owns 605,766 shares in the company, valued at $40,798,340.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Adam Blitzer sold 6,861 shares of the stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $91.11, for a total transaction of $625,105.71. Following the sale, the chief operating officer now owns 173,019 shares of the company’s stock, valued at approximately $15,763,761.09. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,506 shares of company stock worth $7,057,756. Corporate insiders own 15.80% of the company’s stock.

Datadog Company Profile

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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.

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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