Advisory Services Network LLC Has $2.15 Million Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Advisory Services Network LLC lessened its holdings in Datadog, Inc. (NASDAQ:DDOGFree Report) by 13.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,681 shares of the company’s stock after selling 2,715 shares during the quarter. Advisory Services Network LLC’s holdings in Datadog were worth $2,146,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Yousif Capital Management LLC lifted its position in Datadog by 4.9% during the 3rd quarter. Yousif Capital Management LLC now owns 3,083 shares of the company’s stock worth $281,000 after buying an additional 145 shares in the last quarter. Principal Financial Group Inc. grew its stake in Datadog by 371.1% in the third quarter. Principal Financial Group Inc. now owns 153,768 shares of the company’s stock valued at $14,007,000 after purchasing an additional 121,131 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Datadog during the 3rd quarter worth approximately $114,000. Lincoln National Corp raised its stake in shares of Datadog by 7.5% during the 3rd quarter. Lincoln National Corp now owns 5,114 shares of the company’s stock worth $466,000 after purchasing an additional 355 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Datadog by 21.2% in the 3rd quarter. Victory Capital Management Inc. now owns 238,815 shares of the company’s stock valued at $21,754,000 after buying an additional 41,724 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

Insider Transactions at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $118.52, for a total value of $15,064,484.60. Following the sale, the chief technology officer now directly owns 290,412 shares of the company’s stock, valued at $34,419,630.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $118.52, for a total value of $15,064,484.60. Following the completion of the transaction, the chief technology officer now owns 290,412 shares of the company’s stock, valued at $34,419,630.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Madre Armelle De sold 300 shares of Datadog stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $113.37, for a total transaction of $34,011.00. Following the sale, the insider now directly owns 100,053 shares in the company, valued at $11,343,008.61. The disclosure for this sale can be found here. In the last quarter, insiders sold 693,176 shares of company stock valued at $86,571,194. Corporate insiders own 11.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DDOG. William Blair restated an “outperform” rating on shares of Datadog in a report on Friday, February 16th. Truist Financial upped their target price on shares of Datadog from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Baird R W upgraded Datadog from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 8th. Mizuho boosted their price target on Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Finally, JMP Securities raised Datadog to a “hold” rating in a research report on Wednesday, May 8th. Five research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.58.

Read Our Latest Analysis on DDOG

Datadog Stock Performance

DDOG opened at $123.60 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.43 and a current ratio of 3.43. Datadog, Inc. has a 52-week low of $77.81 and a 52-week high of $138.61. The firm has a market cap of $41.34 billion, a P/E ratio of 386.25, a price-to-earnings-growth ratio of 48.16 and a beta of 1.14. The business’s fifty day moving average is $123.26 and its 200-day moving average is $122.53.

Datadog (NASDAQ:DDOGGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.20. The company had revenue of $611.25 million during the quarter, compared to the consensus estimate of $589.97 million. Datadog had a net margin of 5.11% and a return on equity of 7.48%. Sell-side analysts expect that Datadog, Inc. will post 0.27 EPS for the current fiscal year.

About Datadog

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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