Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 395,711 shares of the company's stock after selling 5,827 shares during the period. Rhumbline Advisers owned about 0.12% of Datadog worth $56,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Creative Planning grew its position in shares of Datadog by 17.6% during the 3rd quarter. Creative Planning now owns 17,141 shares of the company's stock worth $1,972,000 after buying an additional 2,563 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in Datadog by 10.0% in the third quarter. Bleakley Financial Group LLC now owns 3,427 shares of the company's stock worth $394,000 after acquiring an additional 311 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Datadog by 0.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,224 shares of the company's stock worth $4,053,000 after acquiring an additional 314 shares in the last quarter. Accurate Wealth Management LLC purchased a new position in Datadog during the 3rd quarter valued at about $558,000. Finally, Blue Trust Inc. increased its holdings in Datadog by 80.3% during the third quarter. Blue Trust Inc. now owns 539 shares of the company's stock valued at $62,000 after buying an additional 240 shares during the period. Institutional investors own 78.29% of the company's stock.

Datadog Price Performance

Shares of NASDAQ DDOG traded down $2.47 during midday trading on Thursday, hitting $126.38. The company's stock had a trading volume of 6,103,119 shares, compared to its average volume of 5,122,593. The firm has a market capitalization of $42.93 billion, a price-to-earnings ratio of 247.81, a price-to-earnings-growth ratio of 28.09 and a beta of 1.15. The business's fifty day simple moving average is $143.45 and its two-hundred day simple moving average is $131.51. Datadog, Inc. has a 1 year low of $98.80 and a 1 year 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 earnings per share 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%. Analysts anticipate that Datadog, Inc. will post 0.56 EPS for the current fiscal year.

Insider Activity at Datadog

In other Datadog news, General Counsel Kerry Acocella sold 2,488 shares of Datadog 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 of the company's stock, valued at $10,866,514.32. The trade was a 3.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Olivier Pomel sold 178,723 shares of the firm's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $161.28, for a total value of $28,824,445.44. Following the sale, the chief executive officer now directly owns 379,693 shares in the company, valued at $61,236,887.04. This trade represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 556,674 shares of company stock valued at $82,904,025 over the last 90 days. 11.78% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Datadog from $151.00 to $170.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Needham & Company LLC reissued a "buy" rating and issued a $160.00 price target on shares of Datadog in a report on Friday, February 14th. Citigroup decreased 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. DA Davidson lifted their target price on shares of Datadog from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Finally, Loop Capital upped their price target on shares of Datadog from $160.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Datadog presently has an average rating of "Moderate Buy" and an average target price of $158.39.

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.