Bailard Inc. Has $4.41 Million Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Bailard Inc. decreased its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 11.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,473 shares of the company's stock after selling 5,508 shares during the quarter. Bailard Inc.'s holdings in Datadog were worth $4,412,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DDOG. Brighton Jones LLC purchased a new position in shares of Datadog in the fourth quarter worth $209,000. Natixis Advisors LLC raised its stake in shares of Datadog by 12.3% in the fourth quarter. Natixis Advisors LLC now owns 82,993 shares of the company's stock worth $11,859,000 after purchasing an additional 9,097 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Datadog by 35.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 23,868 shares of the company's stock worth $3,410,000 after purchasing an additional 6,310 shares during the last quarter. Corient Private Wealth LLC raised its stake 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 worth $1,874,000 after purchasing an additional 115 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Datadog by 8.5% in the fourth quarter. Parallel Advisors LLC now owns 4,070 shares of the company's stock worth $582,000 after purchasing an additional 319 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

Datadog Stock Up 1.3%

Datadog stock traded up $1.87 during midday trading 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 1 year low of $81.63 and a 1 year high of $170.08. The firm has a market cap 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 company has a debt-to-equity ratio of 0.34, a current ratio of 2.74 and a quick ratio of 2.74. The company has a 50 day moving average price of $127.40 and a two-hundred day moving average price of $120.60.

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

Analyst Ratings Changes

Several analysts recently commented on DDOG shares. Macquarie cut their price objective on Datadog from $175.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. DA Davidson boosted their price target on Datadog from $115.00 to $125.00 and gave the company a "buy" rating in a report on Monday, May 5th. Wolfe Research raised Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 price target for the company in a report on Thursday, June 12th. Scotiabank set a $130.00 price objective on Datadog and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, Canaccord Genuity Group dropped their price objective on Datadog from $150.00 to $145.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat.com, Datadog presently has a consensus rating of "Moderate Buy" and an average target price of $145.34.

Insider Buying and Selling

In other news, CRO Sean Michael Walters sold 9,469 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $150.00, for a total transaction of $1,420,350.00. Following the sale, the executive owned 212,324 shares in the company, valued at $31,848,600. The trade was a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 32,924 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $146.05, for a total transaction of $4,808,550.20. Following the sale, the chief executive officer owned 548,715 shares in the company, valued at $80,139,825.75. This represents a 5.66% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 957,666 shares of company stock worth $117,576,223. Company 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.