National Bank of Canada FI Has $4.14 Million Position in Datadog, Inc. (NASDAQ:DDOG)

National Bank of Canada FI lowered its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 12.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 41,696 shares of the company's stock after selling 5,926 shares during the period. National Bank of Canada FI's holdings in Datadog were worth $4,137,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Emerald Advisers LLC raised its position in shares of Datadog by 1.1% during the first quarter. Emerald Advisers LLC now owns 9,300 shares of the company's stock valued at $923,000 after buying an additional 97 shares during the last quarter. YANKCOM Partnership raised its position in shares of Datadog by 12.0% during the first quarter. YANKCOM Partnership now owns 927 shares of the company's stock valued at $92,000 after buying an additional 99 shares during the last quarter. SageView Advisory Group LLC raised its position in shares of Datadog by 4.9% during the fourth quarter. SageView Advisory Group LLC now owns 2,176 shares of the company's stock valued at $311,000 after buying an additional 101 shares during the last quarter. State of Wyoming raised its position in shares of Datadog by 3.7% during the fourth quarter. State of Wyoming now owns 3,277 shares of the company's stock valued at $468,000 after buying an additional 117 shares during the last quarter. Finally, Forum Financial Management LP raised its position in Datadog by 6.1% in the first quarter. Forum Financial Management LP now owns 2,040 shares of the company's stock worth $202,000 after purchasing an additional 118 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.

Insider Buying and Selling

In other Datadog news, CTO Alexis Le-Quoc sold 41,468 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $134.47, for a total value of $5,576,201.96. Following the sale, the chief technology officer directly owned 452,769 shares in the company, valued at approximately $60,883,847.43. This trade represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Titilope Cole sold 2,210 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $136.59, for a total transaction of $301,863.90. Following the completion of the sale, the director owned 6,347 shares in the company, valued at approximately $866,936.73. This trade represents a 25.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 846,051 shares of company stock valued at $107,936,283. 8.70% of the stock is owned by company insiders.

Datadog Price Performance

Shares of DDOG stock opened at $128.71 on Thursday. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The stock has a market cap of $44.45 billion, a PE ratio of 367.75, a PEG 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 firm'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 announced its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.05. The firm had revenue of $826.76 million for the quarter, compared to analysts' expectations of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The business's revenue for the quarter was up 28.1% on a year-over-year basis. During the same period last year, the firm earned $0.43 earnings per share. As a group, analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analyst Weigh In

DDOG has been the subject of several recent research reports. Rosenblatt Securities dropped their price target on shares of Datadog from $160.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Bank of America increased their price target on shares of Datadog from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Sanford C. Bernstein reissued an "outperform" rating on shares of Datadog in a research 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 research note on Wednesday, May 7th. Finally, Wedbush reaffirmed an "outperform" rating and set a $140.00 price objective on shares of Datadog in a research note on Wednesday, June 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $151.72.

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.

Want to see what other hedge funds are holding DDOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Datadog, Inc. (NASDAQ:DDOG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.