Datadog, Inc. (NASDAQ:DDOG) Shares Sold by IFP Advisors Inc

IFP Advisors Inc lessened its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 41.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,582 shares of the company's stock after selling 6,827 shares during the period. IFP Advisors Inc's holdings in Datadog were worth $1,369,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. True Wealth Design LLC increased its position in Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company's stock valued at $28,000 after acquiring an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in Datadog in the fourth quarter worth about $30,000. Avior Wealth Management LLC raised its holdings 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 in the last quarter. Meeder Asset Management Inc. raised its holdings in Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company's stock worth $33,000 after purchasing an additional 115 shares in the last quarter. Finally, Quarry LP bought a new position in Datadog in the third quarter worth about $33,000. Institutional investors own 78.29% of the company's stock.

Datadog Price Performance

Shares of NASDAQ:DDOG traded up $3.04 during trading on Friday, reaching $116.57. The company had a trading volume of 5,045,615 shares, compared to its average volume of 3,997,828. The stock's fifty day moving average price is $138.51 and its 200 day moving average price is $131.86. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $170.08. The firm has a market capitalization of $39.60 billion, a price-to-earnings ratio of 228.57, a price-to-earnings-growth ratio of 44.03 and a beta of 1.15.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its earnings results 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 return on equity of 8.28% and a net margin of 6.85%. On average, equities analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Activity

In other Datadog news, General Counsel Kerry Acocella sold 2,488 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total transaction of $393,203.52. Following the completion of the sale, the general counsel now directly owns 68,758 shares in the company, valued at $10,866,514.32. This represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company's stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total value of $17,948,497.05. Following the sale, the chief technology officer now owns 324,778 shares of the company's stock, valued at $45,861,901.38. This represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 556,674 shares of company stock worth $82,904,025 over the last three months. 11.78% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on DDOG. BMO Capital Markets upped their price objective on shares of Datadog from $135.00 to $145.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Scotiabank cut their price objective on shares of Datadog from $135.00 to $133.00 and set a "sector outperform" rating on the stock in a report on Friday, November 8th. Barclays cut their price objective on shares of Datadog from $187.00 to $180.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Stifel Nicolaus downgraded shares of Datadog from a "buy" rating to a "hold" rating and cut their price objective for the company from $165.00 to $140.00 in a report on Wednesday, January 29th. Finally, Wolfe Research downgraded shares of Datadog from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. 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 given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $158.70.

About Datadog

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.