Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Klingman & Associates LLC

Klingman & Associates LLC trimmed its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 2.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 160,509 shares of the company's stock after selling 3,595 shares during the quarter. Datadog comprises approximately 1.4% of Klingman & Associates LLC's portfolio, making the stock its 23rd biggest position. Klingman & Associates LLC's holdings in Datadog were worth $22,935,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Allworth Financial LP increased its holdings in Datadog by 7.7% in the 4th quarter. Allworth Financial LP now owns 1,043 shares of the company's stock worth $146,000 after buying an additional 75 shares in the last quarter. Spire Wealth Management increased its holdings 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 buying an additional 80 shares in the last quarter. Avior Wealth Management LLC boosted its position in Datadog by 55.9% in the fourth 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. Pathstone Holdings LLC boosted its position in Datadog by 0.4% in the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company's stock worth $2,664,000 after purchasing an additional 91 shares during the last quarter. Finally, Parsons Capital Management Inc. RI boosted its position in Datadog by 2.0% in the fourth quarter. Parsons Capital Management Inc. RI now owns 4,943 shares of the company's stock worth $706,000 after purchasing an additional 96 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

Datadog Price Performance

Shares of DDOG stock traded down $6.57 during mid-day trading 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. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $170.08. The firm has a market capitalization of $40.66 billion, a P/E ratio of 234.66, a price-to-earnings-growth ratio of 44.03 and a beta of 1.15. The firm's 50-day moving average is $142.18 and its two-hundred day moving average is $131.76.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results 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 return on equity of 8.28% and a net margin of 6.85%. Analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on DDOG. Stifel Nicolaus cut Datadog from a "buy" rating to a "hold" rating and dropped their target price for the stock from $165.00 to $140.00 in a research report on Wednesday, January 29th. Jefferies Financial Group lifted their price objective on Datadog from $155.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Monness Crespi & Hardt raised Datadog from a "neutral" rating to a "buy" rating and set a $155.00 price objective on the stock in a research report on Thursday, November 7th. Loop Capital boosted their price target on Datadog from $160.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. Finally, Rosenblatt Securities boosted their price target on Datadog from $148.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $158.39.

Insiders Place Their Bets

In related news, Director Shardul Shah sold 7,916 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $155.25, for a total transaction of $1,228,959.00. Following the completion of the sale, the director now directly owns 435,701 shares in the company, valued at $67,642,580.25. This represents a 1.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Kerry Acocella sold 2,488 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total value of $393,203.52. Following the sale, the general counsel now owns 68,758 shares of the company's stock, valued at $10,866,514.32. This trade represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 556,674 shares of company stock worth $82,904,025. 11.78% of the stock is currently owned by company insiders.

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.