Zacks Investment Management trimmed its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 67.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,760 shares of the company's stock after selling 129,311 shares during the period. Zacks Investment Management's holdings in Datadog were worth $8,825,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in DDOG. Retirement Wealth Solutions LLC bought a new position in Datadog during the 4th quarter worth approximately $30,000. Avior Wealth Management LLC raised its position in shares of Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock valued at $32,000 after acquiring an additional 81 shares in the last quarter. Kieckhefer Group LLC bought a new position in Datadog during the fourth quarter worth $43,000. Summit Securities Group LLC acquired a new position in Datadog in the fourth quarter worth $43,000. Finally, Friedenthal Financial acquired a new position in Datadog in the fourth quarter worth $54,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.
Datadog Stock Performance
NASDAQ:DDOG traded down $3.08 during trading hours on Monday, hitting $88.10. 925,753 shares of the company's stock traded hands, compared to its average volume of 4,327,534. The stock's fifty day moving average price is $106.75 and its two-hundred day moving average price is $128.35. The firm has a market cap of $30.20 billion, a P/E ratio of 172.75, a P/E/G ratio of 44.03 and a beta of 1.20. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08.
Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. On average, equities research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. Citigroup reduced their price target on shares of Datadog from $170.00 to $165.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Barclays dropped their price objective on shares of Datadog from $180.00 to $125.00 and set an "overweight" rating on the stock in a research note on Monday. Truist Financial decreased their target price on Datadog from $140.00 to $120.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Scotiabank dropped their price target on Datadog from $155.00 to $125.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 15th. Finally, Needham & Company LLC restated a "buy" rating and set a $160.00 price objective on shares of Datadog in a research report on Tuesday, March 4th. Seven analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $150.33.
Get Our Latest Analysis on Datadog
Insider Buying and Selling at Datadog
In other Datadog news, CEO Olivier Pomel sold 11,195 shares of the company's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $139.86, for a total value of $1,565,732.70. Following the transaction, the chief executive officer now directly owns 379,693 shares of the company's stock, valued at $53,103,862.98. This represents a 2.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Amit Agarwal sold 25,000 shares of Datadog stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $139.47, for a total value of $3,486,750.00. Following the sale, the director now owns 195,667 shares of the company's stock, valued at approximately $27,289,676.49. This represents a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 548,756 shares of company stock worth $62,219,250. 11.78% of the stock is currently owned by company insiders.
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.
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