Bokf Na Trims Stock Position in Datadog, Inc. (NASDAQ:DDOG)

BOKF NA decreased its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 21.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,475 shares of the company's stock after selling 3,500 shares during the quarter. BOKF NA's holdings in Datadog were worth $1,752,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Allworth Financial LP boosted its holdings in Datadog by 7.7% in the fourth quarter. Allworth Financial LP now owns 1,043 shares of the company's stock worth $146,000 after purchasing an additional 75 shares during the last quarter. Spire Wealth Management raised its position in Datadog by 21.4% in the fourth quarter. Spire Wealth Management now owns 453 shares of the company's stock worth $65,000 after acquiring an additional 80 shares during the period. Avior Wealth Management LLC raised its position in Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock worth $32,000 after acquiring an additional 81 shares during the period. Farther Finance Advisors LLC raised its position in Datadog by 5.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company's stock worth $265,000 after acquiring an additional 92 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in Datadog by 16.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 663 shares of the company's stock worth $95,000 after acquiring an additional 94 shares during the period. Institutional investors own 78.29% of the company's stock.

Datadog Price Performance

Datadog stock traded up $5.54 during mid-day trading on Monday, reaching $113.42. 4,174,032 shares of the company traded hands, compared to its average volume of 4,333,420. The firm's fifty day moving average is $100.20 and its two-hundred day moving average is $125.85. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The company has a market capitalization of $38.88 billion, a price-to-earnings ratio of 222.40, a price-to-earnings-growth ratio of 44.03 and a beta of 1.12.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.04. Datadog had a net margin of 6.85% and a return on equity of 8.28%. The firm had revenue of $761.55 million during the quarter, compared to analysts' expectations of $741.73 million. During the same quarter last year, the company posted $0.44 earnings per share. The firm's revenue was up 24.6% compared to the same quarter last year. As a group, equities research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Activity

In related news, Director Amit Agarwal sold 10,167 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $115.86, for a total transaction of $1,177,948.62. Following the transaction, the director now directly owns 82,324 shares in the company, valued at approximately $9,538,058.64. The trade was a 10.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the transaction, the chief technology officer now owns 371,865 shares in the company, valued at $37,986,009.75. The trade was a 25.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 559,867 shares of company stock worth $57,550,902 over the last 90 days. 11.78% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DDOG has been the topic of several recent analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $119.00 price objective on shares of Datadog in a research report on Wednesday, May 7th. Rosenblatt Securities decreased their price objective on shares of Datadog from $160.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Cantor Fitzgerald restated an "overweight" rating and set a $134.00 price objective on shares of Datadog in a research report on Wednesday, May 7th. Canaccord Genuity Group decreased their price objective on shares of Datadog from $150.00 to $145.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Finally, DA Davidson raised their price objective on shares of Datadog from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, Datadog currently has a consensus rating of "Moderate Buy" and an average target price of $141.54.

About Datadog

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.