Klingman & Associates LLC Has $23.09 Million Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Klingman & Associates LLC lowered its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 5.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 190,214 shares of the company's stock after selling 10,957 shares during the period. Datadog accounts for 1.7% of Klingman & Associates LLC's portfolio, making the stock its 20th biggest holding. Klingman & Associates LLC owned about 0.06% of Datadog worth $23,088,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DDOG. Anchor Investment Management LLC acquired a new stake in Datadog in the fourth quarter worth about $25,000. BluePath Capital Management LLC acquired a new stake in Datadog in the 3rd quarter valued at about $31,000. Private Trust Co. NA lifted its holdings in Datadog by 743.3% in the 4th quarter. Private Trust Co. NA now owns 253 shares of the company's stock valued at $31,000 after acquiring an additional 223 shares during the last quarter. AM Squared Ltd acquired a new stake in Datadog in the 3rd quarter valued at about $36,000. Finally, KB Financial Partners LLC acquired a new stake in Datadog in the 1st quarter valued at about $37,000. Institutional investors own 78.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Cantor Fitzgerald reissued an "overweight" rating and issued a $145.00 price target (up from $115.00) on shares of Datadog in a report on Monday, February 12th. Mizuho upped their price target on shares of Datadog from $108.00 to $130.00 and gave the company a "neutral" rating in a report on Wednesday, February 14th. Truist Financial upped their price target on shares of Datadog from $140.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, February 14th. Wells Fargo & Company upped their price target on shares of Datadog from $100.00 to $130.00 and gave the company an "equal weight" rating in a report on Friday, February 9th. Finally, Barclays boosted their price objective on Datadog from $138.00 to $152.00 and gave the stock an "overweight" rating in a report on Wednesday, February 14th. Six investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $130.33.

Insider Buying and Selling

In other Datadog news, President Amit Agarwal sold 33,311 shares of the company's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $128.58, for a total transaction of $4,283,128.38. Following the completion of the sale, the president now owns 294,012 shares of the company's stock, valued at $37,804,062.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $135.10, for a total value of $17,171,885.50. Following the completion of the sale, the chief technology officer now directly owns 247,328 shares of the company's stock, valued at $33,414,012.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Amit Agarwal sold 33,311 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $128.58, for a total value of $4,283,128.38. Following the completion of the sale, the president now directly owns 294,012 shares of the company's stock, valued at $37,804,062.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 730,990 shares of company stock worth $93,915,631. Insiders own 14.97% of the company's stock.

Datadog Stock Down 2.5 %

NASDAQ:DDOG traded down $3.29 during mid-day trading on Friday, reaching $127.51. The stock had a trading volume of 3,645,175 shares, compared to its average volume of 4,110,376. The business's 50 day moving average is $126.61 and its 200 day moving average is $114.53. Datadog, Inc. has a fifty-two week low of $62.60 and a fifty-two week high of $138.61. The stock has a market cap of $42.32 billion, a P/E ratio of 1,062.58 and a beta of 1.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The firm had revenue of $589.65 million for the quarter, compared to the consensus estimate of $568.73 million. During the same quarter in the prior year, the company posted ($0.08) earnings per share. The firm's revenue was up 25.6% on a year-over-year basis. As a group, sell-side analysts predict that Datadog, Inc. will post -0.14 earnings per share for the current 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.