Datadog, Inc. (NASDAQ:DDOG) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale reduced its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 17.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 375,045 shares of the company's stock after selling 79,465 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.11% of Datadog worth $37,406,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Putney Financial Group LLC purchased a new position in shares of Datadog in the fourth quarter worth $32,000. Elequin Capital LP bought a new position in Datadog in the 4th quarter worth about $34,000. Coppell Advisory Solutions LLC increased its holdings in Datadog by 178.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company's stock worth $40,000 after acquiring an additional 177 shares in the last quarter. Summit Securities Group LLC bought a new position in Datadog in the 4th quarter worth approximately $43,000. Finally, Itau Unibanco Holding S.A. lifted its position in Datadog by 417.7% in the fourth quarter. Itau Unibanco Holding S.A. now owns 321 shares of the company's stock worth $46,000 after buying an additional 259 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DDOG has been the topic of a number of recent analyst reports. Guggenheim reiterated a "sell" rating and issued a $105.00 target price on shares of Datadog in a research note on Tuesday. Jefferies Financial Group reiterated a "buy" rating on shares of Datadog in a research note on Tuesday, May 6th. Wolfe Research upgraded Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 target price on the stock in a research note on Thursday, June 12th. Canaccord Genuity Group cut their price target on Datadog from $150.00 to $145.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Macquarie cut their price target on Datadog from $175.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Datadog currently has an average rating of "Moderate Buy" and a consensus price target of $144.27.

Datadog Price Performance

Shares of Datadog stock traded up $1.54 on Friday, reaching $139.03. The company's stock had a trading volume of 3,534,353 shares, compared to its average volume of 5,966,440. The company has a market capitalization of $48.01 billion, a P/E ratio of 302.24, a PEG ratio of 78.97 and a beta of 1.03. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The stock has a 50-day moving average price of $123.32 and a 200-day moving average price of $120.99. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.34.

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

Insider Activity

In other Datadog news, CEO Olivier Pomel sold 32,924 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $146.05, for a total transaction of $4,808,550.20. Following the transaction, the chief executive officer owned 548,715 shares of the company's stock, valued at approximately $80,139,825.75. The trade was a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Sean Michael Walters sold 9,469 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $150.00, for a total value of $1,420,350.00. Following the transaction, the executive directly owned 212,324 shares in the company, valued at $31,848,600. This trade represents a 4.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 866,806 shares of company stock valued at $104,910,027 in the last three months. Company insiders own 8.70% of the company's stock.

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.