Datadog, Inc. (NASDAQ:DDOG) Holdings Decreased by Zacks Investment Management

Zacks Investment Management cut its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 67.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 61,760 shares of the company's stock after selling 129,311 shares during the period. Zacks Investment Management's holdings in Datadog were worth $8,825,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. NewEdge Advisors LLC boosted its position in Datadog by 45.8% during the 4th quarter. NewEdge Advisors LLC now owns 7,438 shares of the company's stock worth $1,063,000 after purchasing an additional 2,338 shares during the period. Jump Financial LLC lifted its stake in shares of Datadog by 317.8% during the fourth quarter. Jump Financial LLC now owns 110,328 shares of the company's stock worth $15,765,000 after purchasing an additional 83,918 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in shares of Datadog in the fourth quarter worth about $571,000. Chiron Investment Management LLC acquired a new stake in shares of Datadog in the fourth quarter valued at about $1,008,000. Finally, SageView Advisory Group LLC raised its holdings in shares of Datadog by 4.9% during the 4th quarter. SageView Advisory Group LLC now owns 2,176 shares of the company's stock valued at $311,000 after buying an additional 101 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CRO Sean Michael Walters sold 8,454 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total transaction of $862,646.16. Following the sale, the executive now directly owns 185,871 shares of the company's stock, valued at $18,966,276.84. The trade was a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Amit Agarwal sold 25,000 shares of the company's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $139.47, for a total value of $3,486,750.00. Following the sale, the director now directly owns 195,667 shares of the company's stock, valued at approximately $27,289,676.49. This represents a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 548,756 shares of company stock worth $62,219,250. Corporate insiders own 11.78% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on DDOG shares. Rosenblatt Securities increased their price objective on shares of Datadog from $148.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Barclays decreased their price objective on shares of Datadog from $187.00 to $180.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Macquarie reissued an "outperform" rating and issued a $200.00 price target on shares of Datadog in a report on Tuesday, February 11th. Royal Bank of Canada lifted their price objective on Datadog from $151.00 to $170.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Finally, Jefferies Financial Group restated a "buy" rating and issued a $135.00 price target (down previously from $150.00) on shares of Datadog in a research note on Monday, April 7th. Seven investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Datadog presently has an average rating of "Moderate Buy" and a consensus price target of $152.37.

Datadog Price Performance

Shares of NASDAQ DDOG traded down $0.82 during mid-day trading on Friday, reaching $91.06. 3,472,961 shares of the company traded hands, compared to its average volume of 4,337,484. The stock has a fifty day simple moving average of $106.75 and a 200-day simple moving average of $128.19. The firm has a market cap of $31.21 billion, a PE ratio of 178.54, a price-to-earnings-growth ratio of 44.03 and a beta of 1.20. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last announced 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 6.85% and a return on equity of 8.28%. As a group, analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Datadog 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.