E Fund Management Co. Ltd. Sells 221 Shares of Datadog, Inc. (NASDAQ:DDOG)

E Fund Management Co. Ltd. reduced its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,609 shares of the company’s stock after selling 221 shares during the period. E Fund Management Co. Ltd.’s holdings in Datadog were worth $681,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DDOG. Massachusetts Financial Services Co. MA bought a new position in Datadog in the 3rd quarter worth about $189,668,000. Alkeon Capital Management LLC purchased a new stake in Datadog in the third quarter valued at approximately $127,526,000. Vanguard Group Inc. lifted its position in Datadog by 4.7% during the third quarter. Vanguard Group Inc. now owns 26,524,875 shares of the company’s stock valued at $2,416,151,000 after purchasing an additional 1,191,742 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in Datadog in the 3rd quarter worth approximately $44,939,000. Finally, Eagle Asset Management Inc. increased its holdings in shares of Datadog by 83.5% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,069,224 shares of the company’s stock worth $97,396,000 after buying an additional 486,582 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

Insider Activity at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction on Monday, February 12th. The shares were sold at an average price of $135.10, for a total value of $17,171,885.50. Following the completion of the transaction, the chief technology officer now directly owns 247,328 shares of the company’s stock, valued at approximately $33,414,012.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Olivier Pomel sold 85,637 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $125.41, for a total transaction of $10,739,736.17. Following the transaction, the chief executive officer now directly owns 337,247 shares in the company, valued at approximately $42,294,146.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $135.10, for a total transaction of $17,171,885.50. Following the completion of the sale, the chief technology officer now directly owns 247,328 shares of the company’s stock, valued at approximately $33,414,012.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 712,230 shares of company stock valued at $91,161,780. 11.78% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on DDOG. Mizuho increased their price objective on Datadog from $108.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Citigroup boosted their price objective on shares of Datadog from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. William Blair reaffirmed an “outperform” rating on shares of Datadog in a report on Friday, February 16th. Robert W. Baird upgraded shares of Datadog from a “neutral” rating to an “outperform” rating and upped their price target for the company from $130.00 to $140.00 in a research report on Wednesday. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $146.00 price objective on shares of Datadog in a report on Monday. Four investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Datadog has an average rating of “Moderate Buy” and an average target price of $135.58.

Datadog Price Performance

Shares of NASDAQ:DDOG traded up $4.88 during trading on Wednesday, hitting $117.28. 8,312,567 shares of the company’s stock were exchanged, compared to its average volume of 4,288,102. The business’s 50-day simple moving average is $124.57 and its 200 day simple moving average is $119.16. The company has a market cap of $38.92 billion, a price-to-earnings ratio of 977.33 and a beta of 1.14. Datadog, Inc. has a 52-week low of $77.81 and a 52-week high of $138.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17.

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