Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Simplicity Solutions LLC

Simplicity Solutions LLC trimmed its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,812 shares of the company’s stock after selling 167 shares during the quarter. Simplicity Solutions LLC’s holdings in Datadog were worth $463,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Anchor Investment Management LLC acquired a new position in shares of Datadog during the 4th quarter worth approximately $25,000. Private Trust Co. NA raised its stake in shares of Datadog by 743.3% during the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after buying an additional 223 shares during the period. BluePath Capital Management LLC purchased a new stake in shares of Datadog during the third quarter worth approximately $31,000. AM Squared Ltd purchased a new stake in shares of Datadog during the third quarter worth approximately $36,000. Finally, CVA Family Office LLC purchased a new stake in shares of Datadog during the fourth quarter worth approximately $53,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Price Performance

DDOG opened at $125.02 on Friday. The stock’s 50-day moving average price is $126.18 and its 200 day moving average price is $115.55. Datadog, Inc. has a 12-month low of $62.60 and a 12-month high of $138.61. 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 firm has a market cap of $41.49 billion, a price-to-earnings ratio of 1,041.83 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last posted its earnings results 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 firm had revenue of $589.65 million for 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%. Datadog’s revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.08) EPS. As a group, sell-side analysts expect that Datadog, Inc. will post -0.14 earnings per share for the current year.

Insider Buying and Selling at Datadog

In other Datadog news, CRO Sean Michael Walters sold 20,692 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $128.58, for a total value of $2,660,577.36. Following the sale, the executive now owns 182,593 shares of the company’s stock, valued at approximately $23,477,807.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Datadog news, CFO David M. Obstler sold 15,000 shares of the stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $130.28, for a total value of $1,954,200.00. Following the sale, the chief financial officer now owns 275,191 shares of the company’s stock, valued at approximately $35,851,883.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Sean Michael Walters sold 20,692 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $128.58, for a total value of $2,660,577.36. Following the sale, the executive now directly owns 182,593 shares in the company, valued at approximately $23,477,807.94. The disclosure for this sale can be found here. Insiders have sold 745,984 shares of company stock valued at $95,917,681 in the last quarter. Corporate insiders own 14.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DDOG. Citigroup boosted their price target on Datadog from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Barclays upped their target price on Datadog from $138.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Truist Financial upped their target price on Datadog from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. BMO Capital Markets restated an “outperform” rating and issued a $155.00 target price (up from $140.00) on shares of Datadog in a report on Wednesday, February 14th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $150.00 target price on shares of Datadog in a report on Friday, February 23rd. Six equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, Datadog has an average rating of “Moderate Buy” and a consensus price target of $130.52.

Datadog Company 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.