New York State Common Retirement Fund Sells 43,748 Shares of Datadog, Inc. (NASDAQ:DDOG)

New York State Common Retirement Fund lowered its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 830,213 shares of the company's stock after selling 43,748 shares during the quarter. New York State Common Retirement Fund owned 0.25% of Datadog worth $100,771,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of DDOG. Anchor Investment Management LLC acquired a new position in shares of Datadog during the 4th quarter worth $25,000. BluePath Capital Management LLC acquired a new position in shares of Datadog during the 3rd quarter worth $31,000. Private Trust Co. NA grew its stake in shares of Datadog by 743.3% during the 4th quarter. Private Trust Co. NA now owns 253 shares of the company's stock worth $31,000 after purchasing an additional 223 shares during the period. AM Squared Ltd acquired a new position in shares of Datadog during the 3rd quarter worth $36,000. Finally, Headinvest LLC acquired a new position in shares of Datadog during the 3rd quarter worth $46,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Insider Activity at Datadog

In related news, CRO Sean Michael Walters sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $129.86, for a total value of $1,298,600.00. Following the transaction, the executive now owns 162,706 shares in the company, valued at $21,129,001.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO David M. Obstler sold 70,000 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $120.73, for a total transaction of $8,451,100.00. Following the completion of the sale, the chief financial officer now owns 275,191 shares of the company's stock, valued at $33,223,809.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Sean Michael Walters sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $129.86, for a total transaction of $1,298,600.00. Following the sale, the executive now directly owns 162,706 shares of the company's stock, valued at approximately $21,129,001.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 745,984 shares of company stock worth $95,917,681. Company insiders own 14.97% of the company's stock.

Datadog Trading Up 3.6 %

NASDAQ DDOG traded up $4.37 during mid-day trading on Tuesday, hitting $126.44. The company's stock had a trading volume of 5,098,173 shares, compared to its average volume of 4,057,318. Datadog, Inc. has a 52-week low of $62.60 and a 52-week high of $138.61. The stock's fifty day simple moving average is $125.63 and its two-hundred day simple moving average is $116.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17. The firm has a market capitalization of $41.96 billion, a P/E ratio of 1,017.25 and a beta of 1.16.

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on DDOG shares. Robert W. Baird upped their price target on shares of Datadog from $120.00 to $130.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 14th. Stifel Nicolaus reissued a "buy" rating and issued a $152.00 price objective on shares of Datadog in a research note on Monday. Truist Financial increased their price objective on shares of Datadog from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, February 14th. Citigroup upped their target price on shares of Datadog from $125.00 to $150.00 and gave the company a "buy" rating in a report on Monday, January 22nd. Finally, Wolfe Research upped their target price on shares of Datadog from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Wednesday, February 14th. Five equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, Datadog currently has a consensus rating of "Moderate Buy" and an average price target of $131.70.

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.