Roman Butler Fullerton & Co. lowered its stake in shares of Datadog, Inc. (NASDAQ:DDOG – Free Report) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,786 shares of the company’s stock after selling 320 shares during the period. Roman Butler Fullerton & Co.’s holdings in Datadog were worth $1,249,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of DDOG. Inspire Investing LLC increased its position in shares of Datadog by 22.0% in the third quarter. Inspire Investing LLC now owns 2,484 shares of the company’s stock worth $286,000 after acquiring an additional 448 shares in the last quarter. Creative Planning increased its position in shares of Datadog by 17.6% in the third quarter. Creative Planning now owns 17,141 shares of the company’s stock worth $1,972,000 after acquiring an additional 2,563 shares in the last quarter. Swedbank AB increased its position in shares of Datadog by 3.2% in the third quarter. Swedbank AB now owns 110,712 shares of the company’s stock worth $12,739,000 after acquiring an additional 3,483 shares in the last quarter. Bleakley Financial Group LLC increased its position in shares of Datadog by 10.0% in the third quarter. Bleakley Financial Group LLC now owns 3,427 shares of the company’s stock worth $394,000 after acquiring an additional 311 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Datadog by 0.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,224 shares of the company’s stock worth $4,053,000 after acquiring an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on DDOG shares. Needham & Company LLC reissued a “buy” rating and issued a $160.00 price objective on shares of Datadog in a research report on Friday. Stifel Nicolaus lowered shares of Datadog from a “buy” rating to a “hold” rating and lowered their price target for the company from $165.00 to $140.00 in a report on Wednesday, January 29th. Macquarie reaffirmed an “outperform” rating and set a $200.00 price target on shares of Datadog in a report on Tuesday. Monness Crespi & Hardt raised shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a report on Thursday, November 7th. Finally, Mizuho raised their price target on shares of Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $158.39.
Datadog Stock Performance
Datadog stock opened at $131.01 on Friday. The company has a market cap of $44.51 billion, a P/E ratio of 247.19, a PEG ratio of 16.83 and a beta of 1.15. The firm’s 50-day moving average is $145.85 and its 200-day moving average is $130.93. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08.
Datadog (NASDAQ:DDOG – Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a net margin of 7.58% and a return on equity of 9.41%. As a group, sell-side analysts predict that Datadog, Inc. will post 0.53 earnings per share for the current year.
Insider Activity at Datadog
In related news, General Counsel Kerry Acocella sold 2,488 shares of Datadog stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total value of $393,203.52. Following the sale, the general counsel now directly owns 68,758 shares in the company, valued at $10,866,514.32. This trade represents a 3.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Olivier Pomel sold 178,723 shares of Datadog stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the completion of the sale, the chief executive officer now owns 379,693 shares in the company, valued at approximately $61,236,887.04. This represents a 32.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 627,586 shares of company stock worth $92,540,479 in the last ninety days. 11.78% of the stock is owned by insiders.
Datadog Company 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.
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