F M Investments LLC Decreases Stock Position in Datadog, Inc. (NASDAQ:DDOG)

F M Investments LLC lessened its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 0.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 21,064 shares of the company’s stock after selling 104 shares during the period. Datadog makes up approximately 1.5% of F M Investments LLC’s holdings, making the stock its 23rd largest holding. F M Investments LLC’s holdings in Datadog were worth $2,557,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Anchor Investment Management LLC purchased a new stake in Datadog during the 4th quarter valued at $25,000. BluePath Capital Management LLC purchased a new stake in Datadog in the third quarter worth $31,000. Private Trust Co. NA increased its stake in Datadog by 743.3% in the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after purchasing an additional 223 shares during the period. AM Squared Ltd purchased a new stake in Datadog in the third quarter worth $36,000. Finally, GAMMA Investing LLC purchased a new stake in Datadog in the fourth quarter worth $45,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

DDOG has been the topic of a number of recent analyst reports. Wells Fargo & Company upgraded Datadog from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $130.00 to $150.00 in a research note on Tuesday. Royal Bank of Canada increased their target price on Datadog from $145.00 to $151.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Wolfe Research increased their price target on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. Robert W. Baird increased their price target on Datadog from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $152.00 price target on shares of Datadog in a research report on Monday. Five analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $131.70.

Datadog Stock Performance

Shares of NASDAQ:DDOG traded up $4.37 during trading on Tuesday, hitting $126.44. The stock had a trading volume of 5,098,173 shares, compared to its average volume of 4,057,318. Datadog, Inc. has a 12-month low of $62.60 and a 12-month high of $138.61. The stock has a market capitalization of $41.96 billion, a price-to-earnings ratio of 1,053.67 and a beta of 1.16. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. The stock has a 50-day simple moving average of $125.53 and a two-hundred day simple moving average of $116.60.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The firm had revenue of $589.65 million during the quarter, compared to analysts’ expectations of $568.73 million. During the same period last year, the business posted ($0.08) earnings per share. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. On average, equities research analysts expect that Datadog, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Olivier Pomel sold 133,315 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $129.82, for a total value of $17,306,953.30. Following the completion of the sale, the chief executive officer now directly owns 299,075 shares in the company, valued at $38,825,916.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO David M. Obstler sold 15,000 shares of Datadog stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $130.28, for a total value of $1,954,200.00. Following the sale, the chief financial officer now directly owns 275,191 shares of the company’s stock, valued at $35,851,883.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 133,315 shares of Datadog stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $129.82, for a total value of $17,306,953.30. Following the completion of the sale, the chief executive officer now directly owns 299,075 shares in the company, valued at $38,825,916.50. The disclosure for this sale can be found here. Insiders sold 745,984 shares of company stock worth $95,917,681 over the last three months. 14.97% of the stock is currently owned by corporate insiders.

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.