Kayne Anderson Rudnick Investment Management LLC Sells 13,873 Shares of Datadog, Inc. (NASDAQ:DDOG)

Kayne Anderson Rudnick Investment Management LLC lowered its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 310,845 shares of the company's stock after selling 13,873 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.09% of Datadog worth $44,417,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Retirement Wealth Solutions LLC purchased a new stake in shares of Datadog during the fourth quarter worth $30,000. Avior Wealth Management LLC grew its holdings in Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock valued at $32,000 after buying an additional 81 shares in the last quarter. Kieckhefer Group LLC bought a new stake in shares of Datadog during the fourth quarter valued at about $43,000. Summit Securities Group LLC purchased a new position in Datadog during the fourth quarter valued at approximately $43,000. Finally, Friedenthal Financial bought a new stake in Datadog during the 4th quarter worth approximately $54,000. 78.29% of the stock is owned by institutional investors.

Datadog Stock Up 1.2 %

Shares of DDOG stock traded up $1.15 during mid-day trading on Friday, reaching $100.75. 1,527,384 shares of the company's stock traded hands, compared to its average volume of 4,346,275. The company's 50-day moving average price is $103.32 and its 200-day moving average price is $127.47. The company has a market cap of $34.53 billion, a P/E ratio of 197.55, a P/E/G ratio of 44.03 and a beta of 1.20. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. Equities analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DDOG. Cantor Fitzgerald initiated coverage on shares of Datadog in a report on Friday, January 17th. They issued an "overweight" rating and a $180.00 price target for the company. Needham & Company LLC restated a "buy" rating and issued a $160.00 target price on shares of Datadog in a research note on Tuesday, March 4th. DA Davidson dropped their price target on Datadog from $165.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Jefferies Financial Group restated a "buy" rating and issued a $135.00 price objective (down from $150.00) on shares of Datadog in a research report on Monday, April 7th. Finally, Morgan Stanley dropped their target price on shares of Datadog from $143.00 to $115.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Seven investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $150.33.

Insider Buying and Selling at Datadog

In related news, CEO Olivier Pomel sold 11,195 shares of Datadog stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $139.86, for a total value of $1,565,732.70. Following the completion of the sale, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $53,103,862.98. This trade represents a 2.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the sale, the chief technology officer now owns 371,865 shares of the company's stock, valued at approximately $37,986,009.75. This represents a 25.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 523,756 shares of company stock worth $58,732,500. 11.78% of the stock is owned by insiders.

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.