Datadog, Inc. (NASDAQ:DDOG) Stock Position Reduced by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. decreased its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 99.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,730 shares of the company's stock after selling 756,580 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Datadog were worth $676,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DDOG. Retirement Wealth Solutions LLC purchased a new stake in Datadog in the fourth quarter valued at $30,000. Avior Wealth Management LLC increased its holdings in Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock valued at $32,000 after purchasing an additional 81 shares during the last quarter. 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 valued at $40,000 after purchasing an additional 177 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Datadog in the fourth quarter valued at approximately $43,000. Finally, Itau Unibanco Holding S.A. lifted its stake in Datadog by 417.7% during the fourth quarter. Itau Unibanco Holding S.A. now owns 321 shares of the company's stock worth $46,000 after purchasing an additional 259 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on DDOG. 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. Macquarie lowered their target price on Datadog from $175.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Truist Financial lowered their price objective on Datadog from $140.00 to $120.00 and set a "hold" rating for the company in a research report on Monday, March 31st. Rosenblatt Securities reduced their target price on shares of Datadog from $160.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Finally, JMP Securities reissued a "market perform" rating on shares of Datadog in a research report on Friday, February 14th. Seven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company's stock. According to data from MarketBeat, Datadog currently has a consensus rating of "Moderate Buy" and an average price target of $141.54.

Insider Activity at Datadog

In other news, Director Amit Agarwal sold 25,000 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $118.67, for a total transaction of $2,966,750.00. Following the completion of the transaction, the director now owns 82,324 shares of the company's stock, valued at $9,769,389.08. This represents a 23.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Olivier Pomel sold 107,365 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $87.33, for a total transaction of $9,376,185.45. Following the completion of the sale, the chief executive officer now directly owns 563,598 shares in the company, valued at $49,219,013.34. This represents a 16.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 584,867 shares of company stock worth $60,517,652. 11.78% of the stock is currently owned by insiders.

Datadog Trading Down 1.0%

Shares of DDOG stock traded down $1.21 during trading hours on Monday, hitting $116.46. The company's stock had a trading volume of 4,864,193 shares, compared to its average volume of 4,370,449. The business has a fifty day moving average of $101.10 and a 200-day moving average of $125.50. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. The stock has a market cap of $40.22 billion, a price-to-earnings ratio of 228.36, a P/E/G ratio of 44.03 and a beta of 1.12.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.04. The firm had revenue of $761.55 million for the quarter, compared to analysts' expectations of $741.73 million. Datadog had a return on equity of 8.28% and a net margin of 6.85%. Datadog's quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 EPS. On average, equities analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

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.