Dnca Finance Trims Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Dnca Finance reduced its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 14.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 36,600 shares of the company's stock after selling 6,400 shares during the period. Dnca Finance's holdings in Datadog were worth $5,230,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sanctuary Advisors LLC grew its stake in shares of Datadog by 106.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 15,018 shares of the company's stock worth $1,728,000 after purchasing an additional 7,757 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Datadog in the third quarter worth about $625,000. Blankinship & Foster LLC purchased a new stake in shares of Datadog during the 3rd quarter worth about $351,000. Tidal Investments LLC grew its position in shares of Datadog by 27.6% during the 3rd quarter. Tidal Investments LLC now owns 28,295 shares of the company's stock valued at $3,256,000 after acquiring an additional 6,119 shares during the period. Finally, Peapack Gladstone Financial Corp raised its holdings in Datadog by 39.9% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 5,140 shares of the company's stock worth $591,000 after purchasing an additional 1,465 shares during the period. Hedge funds and other institutional investors own 78.29% of the company's stock.

Insiders Place Their Bets

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $142.78, for a total value of $18,148,051.90. Following the completion of the sale, the chief technology officer now owns 324,778 shares in the company, valued at $46,371,802.84. This represents a 28.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Amit Agarwal sold 25,000 shares of the company's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $139.47, for a total transaction of $3,486,750.00. Following the completion of the sale, the director now directly owns 195,667 shares of the company's stock, valued at $27,289,676.49. The trade was a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 548,756 shares of company stock valued at $62,219,250. Company insiders own 11.78% of the company's stock.

Wall Street Analyst Weigh In

DDOG has been the subject of a number of research analyst reports. DA Davidson reduced their target price on Datadog from $165.00 to $115.00 and set a "buy" rating for the company in a report on Monday, April 14th. Scotiabank reduced their price objective on Datadog from $155.00 to $125.00 and set a "sector outperform" rating on the stock in a research report on Tuesday. Guggenheim restated a "neutral" rating on shares of Datadog in a report on Wednesday, January 22nd. Stifel Nicolaus lowered Datadog from a "buy" rating to a "hold" rating and reduced their price target for the stock from $165.00 to $140.00 in a report on Wednesday, January 29th. Finally, Barclays cut 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. Seven equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $152.37.

Datadog Stock Performance

Shares of DDOG opened at $91.06 on Friday. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The stock has a 50-day moving average price of $106.75 and a 200 day moving average price of $128.19. The company has a market capitalization of $31.21 billion, a P/E ratio of 178.54, a P/E/G ratio of 44.03 and a beta of 1.20.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (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%. As a group, equities research analysts forecast that Datadog, Inc. will post 0.34 earnings per share 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.

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