Natixis Advisors LLC Sells 18,481 Shares of Datadog, Inc. (NASDAQ:DDOG)

Natixis Advisors LLC reduced its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 22.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,512 shares of the company's stock after selling 18,481 shares during the quarter. Natixis Advisors LLC's holdings in Datadog were worth $6,400,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of DDOG. Brighton Jones LLC bought a new stake in shares of Datadog during the 4th quarter worth $209,000. Envestnet Asset Management Inc. raised its position in Datadog by 81.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 631,192 shares of the company's stock valued at $90,191,000 after purchasing an additional 282,869 shares during the last quarter. Aster Capital Management DIFC Ltd raised its position in Datadog by 644.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 804 shares of the company's stock valued at $115,000 after purchasing an additional 696 shares during the last quarter. FIL Ltd bought a new position in Datadog in the fourth quarter valued at about $3,176,000. Finally, Abacus FCF Advisors LLC raised its position in Datadog by 46.3% in the fourth quarter. Abacus FCF Advisors LLC now owns 28,222 shares of the company's stock valued at $4,033,000 after purchasing an additional 8,928 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on DDOG. Needham & Company LLC set a $140.00 target price on Datadog and gave the company a "buy" rating in a research report on Thursday, June 12th. Canaccord Genuity Group dropped their target price on Datadog from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Stifel Nicolaus increased their target price on Datadog from $120.00 to $135.00 and gave the company a "hold" rating in a research report on Thursday, June 26th. Rosenblatt Securities dropped their target price on Datadog from $160.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Finally, Mizuho raised their price objective on Datadog from $125.00 to $145.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $148.86.

Datadog Trading Down 4.4%

Shares of Datadog stock opened at $132.94 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.74 and a current ratio of 2.74. 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 $134.10 and a two-hundred day moving average price of $120.85. The stock has a market capitalization of $45.91 billion, a PE ratio of 289.01, a price-to-earnings-growth ratio of 76.51 and a beta of 1.02.

Datadog (NASDAQ:DDOG - Get Free Report) last announced 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. Datadog had a return on equity of 6.39% and a net margin of 5.85%. The firm had revenue of $761.55 million during the quarter, compared to analysts' expectations of $741.73 million. During the same quarter last year, the firm posted $0.44 earnings per share. The company's revenue for the quarter was up 24.6% compared to the same quarter last year. As a group, equities analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Transactions at Datadog

In other Datadog news, Director Shardul Shah sold 7,924 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $140.80, for a total value of $1,115,699.20. Following the completion of the sale, the director owned 380,281 shares of the company's stock, valued at approximately $53,543,564.80. This trade represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 11,195 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $150.82, for a total value of $1,688,429.90. Following the completion of the sale, the chief executive officer directly owned 548,715 shares of the company's stock, valued at $82,757,196.30. This trade represents a 2.00% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 794,450 shares of company stock valued at $100,732,467. Company 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.

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