Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Ardmore Road Asset Management LP

Ardmore Road Asset Management LP lessened its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 33.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 100,000 shares of the company’s stock after selling 50,000 shares during the quarter. Datadog comprises approximately 2.1% of Ardmore Road Asset Management LP’s portfolio, making the stock its 23rd biggest position. Ardmore Road Asset Management LP’s holdings in Datadog were worth $14,289,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP boosted its holdings in Datadog by 7.7% in the fourth quarter. Allworth Financial LP now owns 1,043 shares of the company’s stock worth $146,000 after acquiring an additional 75 shares in the last quarter. Spire Wealth Management boosted its stake in Datadog by 21.4% in the 4th quarter. Spire Wealth Management now owns 453 shares of the company’s stock worth $65,000 after purchasing an additional 80 shares in the last quarter. Avior Wealth Management LLC grew its position in Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after purchasing an additional 81 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Datadog by 5.2% during the 4th quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company’s stock valued at $265,000 after purchasing an additional 92 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Datadog by 16.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 663 shares of the company’s stock worth $95,000 after buying an additional 94 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Buying and Selling

In other Datadog news, Director Shardul Shah sold 7,916 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $142.12, for a total transaction of $1,125,021.92. Following the transaction, the director now owns 427,785 shares of the company’s stock, valued at approximately $60,796,804.20. The trade was a 1.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $102.15, for a total value of $12,983,775.75. Following the completion of the sale, the chief technology officer now directly owns 371,865 shares of the company’s stock, valued at $37,986,009.75. This trade represents a 25.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 601,412 shares of company stock worth $75,444,584. 11.78% of the stock is owned by insiders.

Wall Street Analyst Weigh In

DDOG has been the topic of a number of research analyst reports. Truist Financial dropped their price objective on shares of Datadog from $140.00 to $120.00 and set a “hold” rating on the stock in a report on Monday. Barclays dropped their price target on Datadog from $187.00 to $180.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Cantor Fitzgerald began coverage on Datadog in a research report on Friday, January 17th. They issued an “overweight” rating and a $180.00 target price on the stock. DA Davidson raised their price target on shares of Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Finally, Loop Capital upped their price objective on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a report on Monday, December 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and a consensus price target of $157.22.

Datadog Price Performance

Shares of Datadog stock opened at $101.06 on Wednesday. The stock has a market capitalization of $34.64 billion, a P/E ratio of 198.16, a PEG ratio of 44.03 and a beta of 1.22. The business has a 50 day simple moving average of $122.26 and a two-hundred day simple moving average of $130.82. Datadog, Inc. has a 12 month low of $96.63 and a 12 month high of $170.08.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share 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 anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

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.