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

DekaBank Deutsche Girozentrale trimmed its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 17.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Putney Financial Group LLC purchased a new stake in Datadog during the 4th quarter valued at $32,000. Elequin Capital LP bought a new stake in Datadog in the 4th quarter worth about $34,000. Opal Wealth Advisors LLC purchased a new position in Datadog in the 1st quarter worth about $37,000. Center for Financial Planning Inc. lifted its stake in Datadog by 1,189.7% during the 1st quarter. Center for Financial Planning Inc. now owns 374 shares of the company's stock valued at $37,000 after acquiring an additional 345 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Datadog by 74.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 381 shares of the company's stock valued at $38,000 after acquiring an additional 162 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 107,365 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $121.71, for a total transaction of $13,067,394.15. Following the sale, the chief executive officer directly owned 548,715 shares of the company's stock, valued at $66,784,102.65. The trade was a 16.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amit Agarwal sold 25,000 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $117.02, for a total transaction of $2,925,500.00. Following the sale, the director directly owned 76,052 shares in the company, valued at $8,899,605.04. This trade represents a 24.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 866,806 shares of company stock worth $104,910,027 in the last three months. 8.70% of the stock is owned by company insiders.

Datadog Stock Down 3.7%

Shares of DDOG stock traded down $5.26 during mid-day trading on Thursday, hitting $137.49. 9,699,587 shares of the stock traded hands, compared to its average volume of 4,966,385. The stock has a market cap of $47.48 billion, a P/E ratio of 298.90, a P/E/G ratio of 80.73 and a beta of 1.03. The stock's fifty day moving average is $122.70 and its two-hundred day moving average is $121.06. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.74 and a quick ratio of 2.74.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on DDOG shares. BTIG Research set a $136.00 price objective on shares of Datadog and gave the company a "buy" rating in a report on Tuesday, May 6th. Wells Fargo & Company decreased their price objective on shares of Datadog from $140.00 to $115.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. Rosenblatt Securities decreased 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. Guggenheim reissued a "sell" rating and set a $105.00 price objective on shares of Datadog in a report on Tuesday. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $134.00 price objective on shares of Datadog in a report 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 data from MarketBeat, Datadog has an average rating of "Moderate Buy" and a consensus price target of $144.27.

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.