Xponance Inc. Sells 1,928 Shares of Datadog, Inc. (NASDAQ:DDOG)

Xponance Inc. lessened its holdings in Datadog, Inc. (NASDAQ:DDOG) by 4.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,387 shares of the company’s stock after selling 1,928 shares during the period. Xponance Inc.’s holdings in Datadog were worth $4,538,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Twin Capital Management Inc. purchased a new stake in Datadog during the fourth quarter valued at approximately $1,756,000. Federated Hermes Inc. grew its position in shares of Datadog by 30.0% during the 4th quarter. Federated Hermes Inc. now owns 404,105 shares of the company’s stock valued at $49,050,000 after acquiring an additional 93,171 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Datadog by 83.3% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 550 shares of the company’s stock worth $67,000 after purchasing an additional 250 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Datadog by 4.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 30,689 shares of the company’s stock worth $3,725,000 after purchasing an additional 1,330 shares during the period. Finally, CloudAlpha Capital Management Limited Hong Kong lifted its position in Datadog by 427.3% during the fourth quarter. CloudAlpha Capital Management Limited Hong Kong now owns 52,200 shares of the company’s stock valued at $6,336,000 after purchasing an additional 42,300 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on DDOG shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Datadog in a research note on Friday, February 23rd. Barclays increased their target price on shares of Datadog from $138.00 to $152.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. William Blair reiterated an “outperform” rating on shares of Datadog in a research report on Friday, February 16th. Wells Fargo & Company increased their price objective on shares of Datadog from $100.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, February 9th. Finally, Citigroup lifted their target price on shares of Datadog from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Six 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $130.52.

Datadog Trading Down 3.9 %

Shares of NASDAQ DDOG opened at $120.09 on Friday. Datadog, Inc. has a 1-year low of $62.60 and a 1-year high of $138.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17. The business’s 50 day moving average is $125.89 and its two-hundred day moving average is $115.95. The stock has a market capitalization of $39.85 billion, a P/E ratio of 1,000.75 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last released its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. The firm had revenue of $589.65 million for 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 company’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.08) EPS. As a group, research analysts expect that Datadog, Inc. will post -0.14 EPS for the current year.

Insider Activity

In related news, CEO Olivier Pomel sold 10,000 shares of Datadog stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $130.00, for a total transaction of $1,300,000.00. Following the completion of the transaction, the chief executive officer now directly owns 299,075 shares of the company’s stock, valued at approximately $38,879,750. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Olivier Pomel sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $130.00, for a total transaction of $1,300,000.00. Following the completion of the sale, the chief executive officer now directly owns 299,075 shares of the company’s stock, valued at approximately $38,879,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Madre Armelle De sold 600 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $125.34, for a total value of $75,204.00. Following the completion of the transaction, the insider now directly owns 100,353 shares in the company, valued at approximately $12,578,245.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 745,984 shares of company stock valued at $95,917,681. 14.97% of the stock is currently owned by company insiders.

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.