Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership trimmed its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 25.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,648,469 shares of the company's stock after selling 577,671 shares during the period. Artisan Partners Limited Partnership owned approximately 0.49% of Datadog worth $235,550,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DDOG. True Wealth Design LLC lifted its holdings in shares of Datadog by 12,000.0% during the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company's stock valued at $28,000 after buying an additional 240 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in Datadog during the fourth quarter valued at $30,000. Avior Wealth Management LLC lifted its holdings in 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 during the period. Quarry LP purchased a new position in Datadog in the third quarter worth about $33,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Datadog during the 4th quarter valued at about $43,000. Institutional investors own 78.29% of the company's stock.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 11,195 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $139.86, for a total value of $1,565,732.70. Following the transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $53,103,862.98. This represents a 2.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $142.78, for a total transaction of $18,148,051.90. Following the completion of the transaction, the chief technology officer now owns 324,778 shares in the company, valued at approximately $46,371,802.84. This trade represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 601,412 shares of company stock worth $75,444,584. 11.78% of the stock is owned by corporate insiders.

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Analyst Ratings Changes

Several brokerages have weighed in on DDOG. DA Davidson lifted their price target on shares of Datadog from $150.00 to $165.00 and gave the company a "buy" rating in a report on Monday, February 10th. Truist Financial lowered their target price on shares of Datadog from $140.00 to $120.00 and set a "hold" rating on the stock in a research note on Monday. Stifel Nicolaus cut Datadog from a "buy" rating to a "hold" rating and decreased their price target for the company from $165.00 to $140.00 in a report on Wednesday, January 29th. Barclays lowered their price objective on Datadog from $187.00 to $180.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Finally, Macquarie reiterated an "outperform" rating and set a $200.00 target price on shares of Datadog in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $157.22.

Datadog Price Performance

Shares of DDOG stock traded down $2.64 during midday trading on Monday, reaching $98.47. 1,185,035 shares of the company traded hands, compared to its average volume of 4,177,982. The firm's 50 day simple moving average is $123.79 and its two-hundred day simple moving average is $130.95. The firm has a market cap of $33.75 billion, a PE ratio of 193.17, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 1-year low of $96.68 and a 1-year high of $170.08.

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