Valeo Financial Advisors LLC Sells 2,334 Shares of Datadog, Inc. (NASDAQ:DDOG)

Valeo Financial Advisors LLC trimmed its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 37.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,955 shares of the company's stock after selling 2,334 shares during the quarter. Valeo Financial Advisors LLC's holdings in Datadog were worth $392,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Putney Financial Group LLC acquired a new stake in shares of Datadog during the fourth quarter valued at about $32,000. Elequin Capital LP acquired a new stake in shares of Datadog during the fourth quarter valued at about $34,000. Coppell Advisory Solutions LLC boosted its stake in shares of Datadog by 178.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company's stock valued at $40,000 after purchasing an additional 177 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Datadog during the fourth quarter valued at about $43,000. Finally, Itau Unibanco Holding S.A. boosted its stake in shares of Datadog by 417.7% during the fourth quarter. Itau Unibanco Holding S.A. now owns 321 shares of the company's stock valued at $46,000 after purchasing an additional 259 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Needham & Company LLC set a $140.00 price objective on Datadog and gave the stock a "buy" rating in a research note on Thursday, June 12th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Datadog in a research note on Tuesday, May 6th. Bank of America lifted their price objective on Datadog from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Monday. Rosenblatt Securities cut their price objective on Datadog from $160.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $134.00 price objective on shares of Datadog in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-five have given a buy rating to the company's stock. According to MarketBeat, Datadog has a consensus rating of "Moderate Buy" and an average target price of $144.27.

Datadog Stock Down 0.1%

Datadog stock traded down $0.12 during trading on Friday, hitting $137.37. 6,321,860 shares of the company were exchanged, compared to its average volume of 4,983,977. The business's 50 day moving average is $123.32 and its 200 day moving average is $120.99. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The company has a market capitalization of $47.44 billion, a P/E ratio of 280.59, a PEG ratio of 76.06 and a beta of 1.03. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.34.

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

Insider Buying and Selling at Datadog

In other Datadog news, CFO David M. Obstler sold 15,000 shares of the company's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $147.43, for a total value of $2,211,450.00. Following the completion of the transaction, the chief financial officer owned 399,270 shares in the company, valued at $58,864,376.10. This represents a 3.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Olivier Pomel sold 32,924 shares of the company's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $146.05, for a total value of $4,808,550.20. Following the completion of the transaction, the chief executive officer owned 548,715 shares of the company's stock, valued at $80,139,825.75. This trade represents a 5.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 866,806 shares of company stock valued at $104,910,027 in the last three months. 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.