Dnca Finance Trims Stake in Datadog, Inc. (NASDAQ:DDOG)

Dnca Finance lessened its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 14.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,600 shares of the company's stock after selling 6,400 shares during the period. Dnca Finance's holdings in Datadog were worth $5,230,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP increased its holdings in shares of 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 buying an additional 75 shares during the period. Spire Wealth Management grew its position in shares of Datadog by 21.4% in the 4th quarter. Spire Wealth Management now owns 453 shares of the company's stock worth $65,000 after buying an additional 80 shares during the period. Avior Wealth Management LLC boosted its stake in Datadog by 55.9% during 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 in the last quarter. Farther Finance Advisors LLC grew its holdings 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 purchasing an additional 92 shares during the period. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Datadog by 16.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 663 shares of the company's stock valued at $95,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 78.29% of the company's stock.

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 11,195 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $139.86, for a total transaction of $1,565,732.70. Following the completion of the transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $53,103,862.98. This represents a 2.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amit Agarwal sold 10,167 shares of the company's stock in a transaction on 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 sale, 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 position. The disclosure for this sale can be found here. Insiders sold 523,756 shares of company stock valued at $58,732,500 in the last 90 days. Insiders own 11.78% of the company's stock.

Datadog Price Performance

Shares of NASDAQ:DDOG traded up $3.94 during trading on Wednesday, hitting $95.36. 3,753,082 shares of the company's stock were exchanged, compared to its average volume of 4,345,357. The business's 50-day simple moving average is $104.68 and its 200 day simple moving average is $127.86. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The company has a market cap of $32.69 billion, a price-to-earnings ratio of 186.98, a PEG ratio of 44.03 and a beta of 1.20.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. On average, sell-side analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wells Fargo & Company downgraded Datadog from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $152.00 to $140.00 in a report on Thursday, February 13th. Royal Bank of Canada upped their target price on shares of Datadog from $151.00 to $170.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Guggenheim reissued a "neutral" rating on shares of Datadog in a research report on Wednesday, January 22nd. Citigroup lowered their price objective on Datadog from $170.00 to $165.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Finally, Wolfe Research lowered Datadog from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Seven investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Datadog currently has a consensus rating of "Moderate Buy" and an average target price of $150.33.

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.