Natixis Sells 55,578 Shares of Datadog, Inc. (NASDAQ:DDOG)

Natixis reduced its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 50.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,352 shares of the company's stock after selling 55,578 shares during the period. Natixis' holdings in Datadog were worth $7,766,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in DDOG. Retirement Wealth Solutions LLC acquired a new stake in shares of Datadog in the 4th quarter valued at approximately $30,000. Avior Wealth Management LLC grew its stake in shares of Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock worth $32,000 after buying an additional 81 shares during the last quarter. Kieckhefer Group LLC acquired a new position in shares of Datadog during the fourth quarter worth $43,000. Summit Securities Group LLC bought a new position in shares of Datadog in the 4th quarter valued at $43,000. Finally, Friedenthal Financial bought a new stake in Datadog during the 4th quarter worth $54,000. Institutional investors own 78.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on DDOG shares. Truist Financial cut their price target on Datadog from $140.00 to $120.00 and set a "hold" rating on the stock in a research note on Monday, March 31st. Jefferies Financial Group reissued a "buy" rating and set a $135.00 target price (down from $150.00) on shares of Datadog in a report on Monday, April 7th. Wolfe Research downgraded shares of Datadog from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 18th. Morgan Stanley reduced their price objective on shares of Datadog from $143.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Datadog in a research report on Wednesday, January 22nd. Seven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Datadog has a consensus rating of "Moderate Buy" and a consensus price target of $150.33.

Datadog Stock Performance

Shares of Datadog stock traded up $4.90 during trading hours on Thursday, reaching $99.48. The company's stock had a trading volume of 2,444,221 shares, compared to its average volume of 4,343,433. The company has a market capitalization of $34.10 billion, a P/E ratio of 194.98, a P/E/G ratio of 44.03 and a beta of 1.20. The stock's fifty day simple moving average is $103.95 and its two-hundred day simple moving average is $127.63. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08.

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

Insider Transactions at Datadog

In related news, CEO Olivier Pomel sold 107,365 shares of the 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 of the company's stock, valued at approximately $49,219,013.34. This trade represents a 16.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $142.78, for a total value of $18,148,051.90. Following the completion of the transaction, the chief technology officer now directly owns 324,778 shares in the company, valued at approximately $46,371,802.84. This represents a 28.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 523,756 shares of company stock worth $58,732,500 in the last quarter. 11.78% of the stock is currently owned by corporate insiders.

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.