Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Creekmur Asset Management LLC

Creekmur Asset Management LLC lowered its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 57.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,203 shares of the company's stock after selling 2,957 shares during the period. Creekmur Asset Management LLC's holdings in Datadog were worth $219,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC lifted its stake in Datadog by 32.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company's stock worth $2,216,000 after purchasing an additional 3,760 shares in the last quarter. LBP AM SA lifted its stake in Datadog by 40.2% in the 1st quarter. LBP AM SA now owns 419,805 shares of the company's stock worth $41,649,000 after purchasing an additional 120,343 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Datadog by 24.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock worth $78,112,000 after purchasing an additional 156,152 shares in the last quarter. Total Wealth Planning & Management Inc. purchased a new stake in Datadog in the 4th quarter worth approximately $314,000. Finally, Soros Fund Management LLC lifted its stake in Datadog by 14.3% in the 4th quarter. Soros Fund Management LLC now owns 192,190 shares of the company's stock worth $27,462,000 after purchasing an additional 24,100 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

Insider Buying and Selling at Datadog

In related news, CFO David M. Obstler sold 15,000 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $147.43, for a total value of $2,211,450.00. Following the transaction, the chief financial officer owned 399,270 shares in the company, valued at approximately $58,864,376.10. This represents a 3.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Shardul Shah sold 7,924 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $140.80, for a total transaction of $1,115,699.20. Following the completion of the transaction, the director owned 380,281 shares in the company, valued at approximately $53,543,564.80. This trade represents a 2.04% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 957,666 shares of company stock valued at $117,576,223. Insiders own 8.70% of the company's stock.

Datadog Trading Up 1.3%

NASDAQ DDOG traded up $1.87 on Friday, hitting $145.02. 3,607,634 shares of the stock were exchanged, compared to its average volume of 5,015,240. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The firm has a market capitalization of $50.08 billion, a P/E ratio of 315.27, a P/E/G ratio of 79.75 and a beta of 1.03. The stock has a fifty day moving average price of $127.40 and a two-hundred day moving average price of $120.60. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.74 and a current ratio of 2.74.

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

Analysts Set New Price Targets

A number of equities analysts have commented on DDOG shares. Canaccord Genuity Group cut their price target on shares of Datadog from $150.00 to $145.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Bank of America boosted their price objective on shares of Datadog from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Wedbush restated an "outperform" rating and issued a $140.00 price objective on shares of Datadog in a report on Wednesday, June 11th. Rosenblatt Securities lowered their price objective on shares of Datadog from $160.00 to $150.00 and set a "buy" rating for the company in a report on Monday, May 5th. Finally, Morgan Stanley boosted their price objective on shares of Datadog from $115.00 to $165.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, Datadog presently has a consensus rating of "Moderate Buy" and an average price target of $145.34.

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.