Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC lowered its position in Datadog, Inc. (NASDAQ:DDOG) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,812 shares of the company’s stock after selling 167 shares during the quarter. Bleakley Financial Group LLC’s holdings in Datadog were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Anchor Investment Management LLC acquired a new position in shares of Datadog during the fourth quarter worth about $25,000. BluePath Capital Management LLC acquired a new position in shares of Datadog during the third quarter worth about $31,000. Private Trust Co. NA lifted its stake in shares of Datadog by 743.3% during the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after purchasing an additional 223 shares in the last quarter. AM Squared Ltd acquired a new position in shares of Datadog during the third quarter worth about $36,000. Finally, KB Financial Partners LLC acquired a new position in shares of Datadog during the first quarter worth about $37,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on DDOG shares. Mizuho boosted their price objective on Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Royal Bank of Canada lifted their target price on Datadog from $145.00 to $151.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $150.00 target price on shares of Datadog in a research report on Friday, February 23rd. Truist Financial lifted their target price on Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $155.00 target price (up from $140.00) on shares of Datadog in a research report on Wednesday, February 14th. Six investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and an average price target of $130.33.

Insiders Place Their Bets

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $125.53, for a total value of $15,955,490.65. Following the completion of the sale, the chief technology officer now directly owns 290,412 shares in the company, valued at $36,455,418.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $125.53, for a total value of $15,955,490.65. Following the completion of the sale, the chief technology officer now directly owns 290,412 shares in the company, valued at $36,455,418.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Amit Agarwal sold 33,311 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $128.58, for a total value of $4,283,128.38. Following the completion of the sale, the president now owns 294,012 shares of the company’s stock, valued at $37,804,062.96. The disclosure for this sale can be found here. Insiders sold 730,990 shares of company stock worth $93,915,631 over the last ninety days. Company insiders own 14.97% of the company’s stock.

Datadog Stock Performance

Shares of NASDAQ DDOG opened at $127.51 on Friday. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.37. The stock has a 50 day simple moving average of $126.61 and a 200-day simple moving average of $114.73. The company has a market cap of $42.32 billion, a PE ratio of 1,062.58 and a beta of 1.15. Datadog, Inc. has a 12-month low of $62.60 and a 12-month high of $138.61.

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

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.