Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Allworth Financial LP

Allworth Financial LP trimmed its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 32.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 408 shares of the company’s stock after selling 197 shares during the period. Allworth Financial LP’s holdings in Datadog were worth $50,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DDOG. Anchor Investment Management LLC acquired a new position in shares of Datadog during the fourth quarter valued at $25,000. BluePath Capital Management LLC acquired a new position in shares of Datadog during the third quarter valued at $31,000. Private Trust Co. NA increased its holdings in shares of Datadog by 743.3% during the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after purchasing an additional 223 shares during the period. AM Squared Ltd acquired a new position in shares of Datadog during the third quarter valued at $36,000. Finally, KB Financial Partners LLC acquired a new position in shares of Datadog during the first quarter valued at $37,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Stock Down 2.5 %

Shares of Datadog stock opened at $127.51 on Friday. The firm has a market cap of $42.32 billion, a price-to-earnings ratio of 1,062.58 and a beta of 1.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17. Datadog, Inc. has a 52-week low of $62.60 and a 52-week high of $138.61. The stock has a 50-day simple moving average of $126.61 and a 200-day simple moving average of $114.73.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $589.65 million during the quarter, compared to analyst estimates of $568.73 million. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The firm’s revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.08) EPS. On average, equities research analysts expect that Datadog, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Adam Blitzer sold 20,892 shares of Datadog stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $128.58, for a total transaction of $2,686,293.36. Following the completion of the sale, the chief operating officer now directly owns 203,503 shares in the company, valued at approximately $26,166,415.74. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $135.10, for a total value of $17,171,885.50. Following the transaction, the chief technology officer now directly owns 247,328 shares of the company’s stock, valued at approximately $33,414,012.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Adam Blitzer sold 20,892 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $128.58, for a total value of $2,686,293.36. Following the completion of the transaction, the chief operating officer now directly owns 203,503 shares in the company, valued at $26,166,415.74. The disclosure for this sale can be found here. Insiders sold a total of 730,990 shares of company stock worth $93,915,631 in the last three months. 14.97% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Citigroup lifted their target price on Datadog from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Mizuho lifted their target price on Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. William Blair reaffirmed an “outperform” rating on shares of Datadog in a report on Friday, February 16th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $145.00 target price (up from $115.00) on shares of Datadog in a report on Monday, February 12th. Finally, Robert W. Baird lifted their target price on Datadog from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Six research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $130.33.

Datadog Profile

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.