Motley Fool Wealth Management LLC Sells 21,653 Shares of Datadog, Inc. (NASDAQ:DDOG)

Key Points

• Motley Fool Wealth Management LLC reduced its stake in Datadog, Inc. by 12.6%, selling 21,653 shares during the first quarter, bringing its total holdings to 150,797 shares valued at approximately $14.96 million.
• Despite the dip in holdings by some firms, other institutional investors like Vanguard Group Inc. and Goldman Sachs Group Inc. significantly increased their investments in Datadog, reflecting strong institutional interest in the company.
• Datadog's recent quarterly earnings surpassed estimates, reporting a 28.1% increase in revenue year-over-year, alongside a net margin of 4.13% and earnings per share of $0.46.

Motley Fool Wealth Management LLC lowered its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 12.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 150,797 shares of the company's stock after selling 21,653 shares during the quarter. Motley Fool Wealth Management LLC's holdings in Datadog were worth $14,961,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Datadog by 32.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company's stock valued at $2,216,000 after purchasing an additional 3,760 shares in the last quarter. LBP AM SA increased its stake in Datadog by 40.2% during the 1st quarter. LBP AM SA now owns 419,805 shares of the company's stock valued at $41,649,000 after purchasing an additional 120,343 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Datadog by 24.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock valued at $78,112,000 after purchasing an additional 156,152 shares in the last quarter. Total Wealth Planning & Management Inc. acquired a new position in Datadog during the 4th quarter valued at approximately $314,000. Finally, Soros Fund Management LLC increased its stake in Datadog by 14.3% during the 4th quarter. Soros Fund Management LLC now owns 192,190 shares of the company's stock valued at $27,462,000 after purchasing an additional 24,100 shares in the last quarter. Institutional investors own 78.29% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Jefferies Financial Group upped their price target on shares of Datadog from $135.00 to $160.00 and gave the company a "buy" rating in a report on Monday, August 4th. Macquarie lowered their price target on shares of Datadog from $175.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Scotiabank reissued an "outperform" rating on shares of Datadog in a report on Friday, August 8th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $119.00 price objective on shares of Datadog in a report on Wednesday, May 7th. Finally, Wedbush restated an "outperform" rating and set a $140.00 price objective on shares of Datadog in a research report on Wednesday, June 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $151.72.

Insider Buying and Selling at Datadog

In other news, Director Amit Agarwal sold 25,000 shares of the company's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $117.02, for a total value of $2,925,500.00. Following the transaction, the director owned 76,052 shares in the company, valued at $8,899,605.04. This represents a 24.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Olivier Pomel sold 107,365 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $121.71, for a total value of $13,067,394.15. Following the completion of the transaction, the chief executive officer owned 548,715 shares in the company, valued at $66,784,102.65. This represents a 16.36% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 846,051 shares of company stock worth $107,936,283. 8.70% of the stock is owned by corporate insiders.

Datadog Stock Performance

Shares of DDOG traded down $0.25 during midday trading on Wednesday, hitting $128.71. 4,752,345 shares of the stock traded hands, compared to its average volume of 5,869,757. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08. The firm has a market capitalization of $44.45 billion, a PE ratio of 367.75, a price-to-earnings-growth ratio of 61.72 and a beta of 1.02. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.74 and a current ratio of 3.43. The business's 50 day moving average price is $135.79 and its two-hundred day moving average price is $120.65.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.05. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The business had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company's quarterly revenue was up 28.1% compared to the same quarter last year. Equities research analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Datadog 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.