Jefferies Financial Group Inc. Sells 756,580 Shares of Datadog, Inc. (NASDAQ:DDOG)

Jefferies Financial Group Inc. cut its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 99.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,730 shares of the company's stock after selling 756,580 shares during the period. Jefferies Financial Group Inc.'s holdings in Datadog were worth $676,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Avior Wealth Management LLC lifted its holdings in 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 purchasing an additional 81 shares during the last quarter. Putney Financial Group LLC bought a new position in Datadog during the fourth quarter worth $32,000. Elequin Capital LP bought a new position in Datadog during the fourth quarter worth $34,000. Coppell Advisory Solutions LLC boosted its holdings in shares of Datadog by 178.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company's stock worth $40,000 after buying an additional 177 shares during the period. Finally, Summit Securities Group LLC bought a new stake in shares of Datadog during the 4th quarter worth about $43,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on DDOG. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $134.00 target price on shares of Datadog in a report on Wednesday, May 7th. Citigroup reduced their target price on shares of Datadog from $170.00 to $165.00 and set a "buy" rating for the company in a report on Friday, February 14th. JMP Securities reiterated a "market perform" rating on shares of Datadog in a research note on Friday, February 14th. Jefferies Financial Group restated a "buy" rating on shares of Datadog in a research report on Tuesday, May 6th. Finally, Macquarie dropped their price target on shares of Datadog from $175.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Seven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $141.04.

Datadog Price Performance

NASDAQ:DDOG traded down $0.07 on Friday, reaching $116.93. 7,309,763 shares of the company's stock were exchanged, compared to its average volume of 4,385,911. The firm has a market cap of $40.38 billion, a price-to-earnings ratio of 229.28, a P/E/G ratio of 44.03 and a beta of 1.12. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The stock has a fifty day simple moving average of $103.42 and a 200-day simple moving average of $124.85.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.04. Datadog had a net margin of 6.85% and a return on equity of 8.28%. The business had revenue of $761.55 million during the quarter, compared to analyst estimates of $741.73 million. During the same period in the previous year, the business earned $0.44 EPS. Datadog's revenue was up 24.6% compared to the same quarter last year. As a group, sell-side analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling

In other news, Director Amit Agarwal sold 25,000 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $117.02, for a total value of $2,925,500.00. Following the sale, the director now directly owns 76,052 shares of the company's stock, valued at approximately $8,899,605.04. This represents a 24.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Sean Michael Walters sold 8,454 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total transaction of $862,646.16. Following the completion of the sale, the executive now directly owns 185,871 shares in the company, valued at approximately $18,966,276.84. The trade was a 4.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 609,867 shares of company stock valued at $63,443,152. Corporate insiders own 11.78% 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.