Atria Wealth Solutions Inc. Sells 32,562 Shares of Datadog, Inc. (NASDAQ:DDOG)

Atria Wealth Solutions Inc. decreased its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 76.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 10,064 shares of the company’s stock after selling 32,562 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Datadog were worth $998,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Putney Financial Group LLC acquired a new position in shares of Datadog in the 4th quarter valued at $32,000. Elequin Capital LP acquired a new position in shares of Datadog in the 4th quarter valued at $34,000. Coppell Advisory Solutions LLC raised its stake in shares of Datadog by 178.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company’s stock valued at $40,000 after buying an additional 177 shares in the last quarter. Costello Asset Management INC acquired a new position in shares of Datadog in the 1st quarter valued at $30,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of Datadog by 96.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock valued at $30,000 after buying an additional 154 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Insider Transactions at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 41,468 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $134.47, for a total value of $5,576,201.96. Following the completion of the sale, the chief technology officer owned 452,769 shares of the company’s stock, valued at approximately $60,883,847.43. This represents a 8.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 11,195 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $150.82, for a total transaction of $1,688,429.90. Following the completion of the sale, the chief executive officer directly owned 548,715 shares of the company’s stock, valued at $82,757,196.30. The trade was a 2.00% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 835,918 shares of company stock valued at $106,308,669. Corporate insiders own 8.70% of the company’s stock.

Datadog Price Performance

DDOG opened at $128.81 on Tuesday. The company has a fifty day moving average price of $135.40 and a two-hundred day moving average price of $120.54. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.74 and a current ratio of 3.43. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The firm has a market capitalization of $44.48 billion, a PE ratio of 368.02, a P/E/G ratio of 69.33 and a beta of 1.02.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.41 by $0.05. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The firm had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The business’s quarterly revenue was up 28.1% on a year-over-year basis. As a group, analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analysts Set New Price Targets

DDOG has been the subject of a number of recent research reports. Royal Bank Of Canada restated an “outperform” rating and issued a $119.00 price objective on shares of Datadog in a research note on Wednesday, May 7th. Wedbush reissued an “outperform” rating and set a $140.00 price objective on shares of Datadog in a report on Wednesday, June 11th. Needham & Company LLC set a $140.00 price objective on Datadog and gave the company a “buy” rating in a report on Thursday, June 12th. Mizuho lifted their price objective on Datadog from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Friday. Finally, Rosenblatt Securities cut their price objective on Datadog from $160.00 to $150.00 and set a “buy” rating for the company in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.72.

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.