Edmond DE Rothschild Holding S.A. Has $44.68 Million Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Edmond DE Rothschild Holding S.A. lowered its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 47.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 312,680 shares of the company's stock after selling 282,089 shares during the quarter. Datadog makes up approximately 0.8% of Edmond DE Rothschild Holding S.A.'s holdings, making the stock its 29th biggest holding. Edmond DE Rothschild Holding S.A. owned about 0.09% of Datadog worth $44,679,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. True Wealth Design LLC raised its position in shares of Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company's stock worth $28,000 after acquiring an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC bought a new stake in Datadog during the 4th quarter worth about $30,000. Avior Wealth Management LLC lifted its position in Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock valued at $32,000 after purchasing an additional 81 shares during the period. Quarry LP bought a new position in shares of Datadog in the 3rd quarter valued at about $33,000. Finally, Kieckhefer Group LLC acquired a new stake in shares of Datadog during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 78.29% of the company's stock.

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 note on Tuesday, February 18th. Mizuho lifted their price objective on Datadog from $155.00 to $170.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Morgan Stanley reissued an "equal weight" rating and issued a $143.00 target price on shares of Datadog in a research note on Thursday, January 16th. Macquarie restated an "outperform" rating and set a $200.00 target price on shares of Datadog in a report on Tuesday, February 11th. Finally, Wells Fargo & Company cut Datadog from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $152.00 to $140.00 in a research note on Thursday, February 13th. One research 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $157.22.

Remove Ads

Insider Buying and Selling at Datadog

In related 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $142.78, for a total transaction of $18,148,051.90. Following the completion of the sale, the chief technology officer now owns 324,778 shares of the company's stock, valued at $46,371,802.84. This trade represents a 28.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 601,412 shares of company stock valued at $75,444,584 in the last ninety days. 11.78% of the stock is currently owned by corporate insiders.

Datadog Stock Down 7.2 %

Shares of NASDAQ:DDOG traded down $7.27 during midday trading on Thursday, reaching $94.44. The company had a trading volume of 4,127,339 shares, compared to its average volume of 4,203,940. Datadog, Inc. has a 1-year low of $93.23 and a 1-year high of $170.08. The stock has a market cap of $32.37 billion, a PE ratio of 185.12, a P/E/G ratio of 44.03 and a beta of 1.22. The business's 50 day moving average price is $121.49 and its 200 day moving average price is $130.62.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings data 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 return on equity of 8.28% and a net margin of 6.85%. On average, research analysts expect 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.