Datadog, Inc. (NASDAQ:DDOG) Shares Sold by American Financial Advisors LLC

American Financial Advisors LLC lowered its position in Datadog, Inc. (NASDAQ:DDOG) by 39.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,526 shares of the company’s stock after selling 974 shares during the period. American Financial Advisors LLC’s holdings in Datadog were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in DDOG. Los Angeles Capital Management LLC boosted its stake in shares of Datadog by 172.2% in the third quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company’s stock valued at $4,469,000 after buying an additional 24,574 shares in the last quarter. Heritage Investors Management Corp acquired a new position in shares of Datadog during the 3rd quarter worth $1,157,000. Atom Investors LP acquired a new position in shares of Datadog during the 3rd quarter worth $1,112,000. Parnassus Investments LLC lifted its stake in shares of Datadog by 28.4% in the third quarter. Parnassus Investments LLC now owns 185,329 shares of the company’s stock valued at $21,324,000 after purchasing an additional 40,952 shares during the period. Finally, Jennison Associates LLC boosted its holdings in Datadog by 2.1% during the third quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock worth $721,811,000 after buying an additional 126,613 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on DDOG shares. Rosenblatt Securities boosted their price target on Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley reissued an “equal weight” rating and issued a $143.00 target price on shares of Datadog in a report on Thursday, January 16th. Royal Bank of Canada lifted their price target on Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Guggenheim restated a “neutral” rating on shares of Datadog in a report on Wednesday, January 22nd. Finally, Barclays cut their target price on shares of Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $158.39.

Insider Transactions at Datadog

In related news, President Amit Agarwal sold 25,000 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $147.99, for a total transaction of $3,699,750.00. Following the completion of the sale, the president now directly owns 195,667 shares of the company’s stock, valued at approximately $28,956,759.33. This represents a 11.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $142.78, for a total value of $18,148,051.90. Following the completion of the sale, the chief technology officer now owns 324,778 shares of the company’s stock, valued at approximately $46,371,802.84. This represents a 28.13 % 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 three months. 11.78% of the stock is currently owned by company insiders.

Datadog Stock Performance

Datadog stock opened at $131.01 on Friday. The company has a market cap of $44.51 billion, a price-to-earnings ratio of 247.19, a PEG ratio of 16.83 and a beta of 1.15. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08. The firm has a 50 day moving average price of $145.10 and a 200 day moving average price of $131.02.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) 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%. Sell-side analysts predict that Datadog, Inc. will post 0.53 EPS for the current year.

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.