Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC trimmed its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 44.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,393 shares of the company's stock after selling 3,507 shares during the period. Clear Creek Financial Management LLC's holdings in Datadog were worth $436,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DDOG. Farther Finance Advisors LLC lifted its stake in shares of 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 buying an additional 92 shares in the last quarter. SageView Advisory Group LLC boosted its holdings in shares of Datadog by 4.9% during the 4th quarter. SageView Advisory Group LLC now owns 2,176 shares of the company's stock worth $311,000 after purchasing an additional 101 shares during the last quarter. Corient Private Wealth LLC grew its position in shares of Datadog by 0.9% in the fourth quarter. Corient Private Wealth LLC now owns 13,118 shares of the company's stock valued at $1,874,000 after purchasing an additional 115 shares in the last quarter. State of Wyoming grew its position in shares of Datadog by 3.7% in the fourth quarter. State of Wyoming now owns 3,277 shares of the company's stock valued at $468,000 after purchasing an additional 117 shares in the last quarter. Finally, Yousif Capital Management LLC increased its holdings in shares of Datadog by 3.3% in the first quarter. Yousif Capital Management LLC now owns 3,891 shares of the company's stock valued at $386,000 after purchasing an additional 123 shares during the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Datadog Stock Performance

Shares of DDOG stock traded up $20.59 during mid-day trading on Thursday, hitting $155.60. 29,996,674 shares of the stock were exchanged, compared to its average volume of 4,534,270. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.74 and a current ratio of 2.74. The stock has a market capitalization of $53.73 billion, a price-to-earnings ratio of 338.26, a P/E/G ratio of 73.20 and a beta of 1.03. The stock's fifty day simple moving average is $117.80 and its two-hundred day simple moving average is $121.10.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.42 by $0.04. The company had revenue of $761.55 million for the quarter, compared to analyst estimates of $741.73 million. Datadog had a return on equity of 6.39% and a net margin of 5.85%. The firm's revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 earnings per share. On average, analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DDOG shares. Wolfe Research upgraded Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a report on Thursday, June 12th. Wedbush reissued an "outperform" rating and issued a $140.00 price target on shares of Datadog in a research note on Wednesday, June 11th. Barclays upped their price objective on shares of Datadog from $125.00 to $128.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Bank of America increased their price objective on shares of Datadog from $138.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Finally, Macquarie dropped their price objective on Datadog from $175.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Six equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $143.03.

Insider Activity

In other Datadog news, CEO Olivier Pomel sold 107,365 shares of the company's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $87.33, for a total transaction of $9,376,185.45. Following the completion of the transaction, the chief executive officer owned 563,598 shares in the company, valued at approximately $49,219,013.34. This represents a 16.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David M. Obstler sold 35,016 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $117.40, for a total transaction of $4,110,878.40. Following the completion of the sale, the chief financial officer owned 399,270 shares of the company's stock, valued at $46,874,298. This trade represents a 8.06% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 901,778 shares of company stock valued at $103,817,113. Insiders own 8.70% of the company's stock.

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.