Datadog (NASDAQ:DDOG) Shares Down 0.6% - Time to Sell?

Datadog, Inc. (NASDAQ:DDOG - Get Free Report)'s stock price traded down 0.6% during trading on Monday . The stock traded as low as $100.78 and last traded at $100.95. 457,235 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 4,339,256 shares. The stock had previously closed at $101.52.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Guggenheim reissued a "neutral" rating on shares of Datadog in a report on Wednesday, January 22nd. DA Davidson dropped their target price on Datadog from $165.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wolfe Research lowered Datadog from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Rosenblatt Securities raised their price objective on Datadog from $148.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Finally, Scotiabank dropped their price objective on Datadog from $155.00 to $125.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 15th. Seven equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $150.33.

Datadog Stock Down 0.1 %

The firm has a market cap of $35.02 billion, a price-to-earnings ratio of 200.32, a price-to-earnings-growth ratio of 44.03 and a beta of 1.20. The business has a 50 day moving average of $101.37 and a 200 day moving average of $126.78.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.13 EPS 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%. Research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insiders Place Their Bets

In other Datadog news, CEO Olivier Pomel sold 107,365 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $87.33, for a total value of $9,376,185.45. Following the sale, the chief executive officer now directly owns 563,598 shares of the company's stock, valued at approximately $49,219,013.34. This trade represents a 16.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $142.78, for a total value of $18,148,051.90. Following the completion of the sale, the chief technology officer now directly owns 324,778 shares in the company, valued at approximately $46,371,802.84. The trade was a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 512,561 shares of company stock valued at $57,166,767. Insiders own 11.78% of the company's stock.

Hedge Funds Weigh In On Datadog

Large investors have recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new position in shares of Datadog in the 4th quarter worth about $14,884,000. ARK Investment Management LLC raised its holdings in shares of Datadog by 62.7% in the 4th quarter. ARK Investment Management LLC now owns 127,290 shares of the company's stock worth $18,188,000 after purchasing an additional 49,050 shares during the period. Y Intercept Hong Kong Ltd raised its holdings in shares of Datadog by 140.1% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 53,116 shares of the company's stock worth $7,590,000 after purchasing an additional 30,998 shares during the period. Baillie Gifford & Co. raised its holdings in shares of Datadog by 15.8% in the 4th quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company's stock worth $1,558,234,000 after purchasing an additional 1,484,562 shares during the period. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of Datadog by 3.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 72,489 shares of the company's stock worth $10,358,000 after purchasing an additional 2,451 shares during the period. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

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.