Heritage Investors Management Corp Lowers Position in Datadog, Inc. (NASDAQ:DDOG)

Heritage Investors Management Corp trimmed its holdings in Datadog, Inc. (NASDAQ:DDOG) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,771 shares of the company’s stock after selling 285 shares during the period. Heritage Investors Management Corp’s holdings in Datadog were worth $1,396,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in DDOG. True Wealth Design LLC lifted its position in shares of Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after acquiring an additional 240 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new position in shares of Datadog in the fourth quarter valued at about $30,000. Avior Wealth Management LLC lifted its position in shares of Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after acquiring an additional 81 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after acquiring an additional 115 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Datadog in the third quarter valued at about $33,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DDOG. BMO Capital Markets boosted their price objective on Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Guggenheim restated a “neutral” rating on shares of Datadog in a research report on Wednesday, January 22nd. Barclays reduced their target price on Datadog from $187.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Rosenblatt Securities lifted their target price on Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Wolfe Research cut Datadog from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

Datadog Stock Performance

DDOG opened at $113.53 on Friday. The stock has a market cap of $38.57 billion, a price-to-earnings ratio of 222.61, a P/E/G ratio of 44.03 and a beta of 1.15. The stock’s 50 day moving average price is $139.17 and its 200-day moving average price is $131.71. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08.

Datadog (NASDAQ:DDOG) last announced 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, analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $142.78, for a total transaction of $18,148,051.90. Following the transaction, the chief technology officer now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Amit Agarwal sold 25,000 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $147.99, for a total value of $3,699,750.00. Following the transaction, the president now directly owns 195,667 shares in the company, valued at approximately $28,956,759.33. The trade was a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 556,674 shares of company stock worth $82,904,025 over the last 90 days. Company insiders own 11.78% of the company’s stock.

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.