Datadog, Inc. (NASDAQ:DDOG) Short Interest Down 11.6% in January

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 13,290,000 shares, a decline of 11.6% from the January 15th total of 15,040,000 shares. Based on an average daily trading volume, of 4,910,000 shares, the short-interest ratio is currently 2.7 days.

Insider Buying and Selling

In other Datadog news, General Counsel Kerry Acocella sold 2,488 shares of Datadog stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total transaction of $393,203.52. Following the completion of the transaction, the general counsel now owns 68,758 shares in the company, valued at approximately $10,866,514.32. The trade was a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Olivier Pomel sold 178,723 shares of Datadog stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the transaction, the chief executive officer now owns 379,693 shares of the company's stock, valued at approximately $61,236,887.04. The trade was a 32.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 556,674 shares of company stock valued at $82,904,025. Corporate insiders own 11.78% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Inspire Investing LLC raised its holdings in shares of Datadog by 22.0% during the third quarter. Inspire Investing LLC now owns 2,484 shares of the company's stock worth $286,000 after purchasing an additional 448 shares during the period. Creative Planning raised its holdings in shares of Datadog by 17.6% during the third quarter. Creative Planning now owns 17,141 shares of the company's stock worth $1,972,000 after purchasing an additional 2,563 shares during the period. Bleakley Financial Group LLC raised its holdings in shares of Datadog by 10.0% during the third quarter. Bleakley Financial Group LLC now owns 3,427 shares of the company's stock worth $394,000 after purchasing an additional 311 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Datadog by 0.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,224 shares of the company's stock worth $4,053,000 after purchasing an additional 314 shares during the period. Finally, Accurate Wealth Management LLC acquired a new stake in shares of Datadog during the third quarter worth $558,000. 78.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on DDOG. Wolfe Research cut shares of Datadog from an "outperform" rating to a "peer perform" rating in a research report on Tuesday. Guggenheim reissued a "neutral" rating on shares of Datadog in a research report on Wednesday, January 22nd. Wells Fargo & Company lowered shares of Datadog from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $152.00 to $140.00 in a research report on Thursday, February 13th. Jefferies Financial Group boosted their price objective on shares of Datadog from $155.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Finally, Citigroup cut their price objective on shares of Datadog from $170.00 to $165.00 and set a "buy" rating for the company in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $158.39.

Datadog Stock Performance

Shares of DDOG stock traded down $6.57 on Friday, hitting $119.67. The stock had a trading volume of 6,980,028 shares, compared to its average volume of 6,008,824. The firm has a market capitalization of $40.66 billion, a price-to-earnings ratio of 234.66, a P/E/G ratio of 44.03 and a beta of 1.15. The stock's 50 day moving average is $142.18 and its 200-day moving average is $131.57. Datadog has a 52-week low of $98.80 and a 52-week high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data 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 net margin of 6.85% and a return on equity of 8.28%. Equities analysts expect that Datadog will post 0.34 earnings per share 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.