Bokf Na Trims Position in Datadog, Inc. (NASDAQ:DDOG)

Bokf Na decreased its position in Datadog, Inc. (NASDAQ:DDOG) by 21.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,475 shares of the company’s stock after selling 3,500 shares during the quarter. Bokf Na’s holdings in Datadog were worth $1,752,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Wealth Solutions LLC purchased a new position in shares of Datadog in the fourth quarter worth approximately $30,000. Avior Wealth Management LLC boosted its stake in shares of Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after acquiring an additional 81 shares during the last quarter. Coppell Advisory Solutions LLC grew its position in shares of Datadog by 178.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company’s stock valued at $40,000 after acquiring an additional 177 shares during the period. Kieckhefer Group LLC bought a new position in Datadog in the 4th quarter worth $43,000. Finally, Summit Securities Group LLC purchased a new position in Datadog during the fourth quarter valued at $43,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Amit Agarwal sold 10,167 shares of Datadog stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $115.86, for a total value of $1,177,948.62. Following the completion of the sale, the director now directly owns 82,324 shares in the company, valued at $9,538,058.64. The trade was a 10.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CRO Sean Michael Walters sold 8,454 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total transaction of $862,646.16. Following the transaction, the executive now owns 185,871 shares in the company, valued at approximately $18,966,276.84. The trade was a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 385,456 shares of company stock worth $39,018,715. 11.78% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on DDOG. Royal Bank of Canada restated an “outperform” rating and issued a $119.00 price target on shares of Datadog in a research report on Wednesday. Scotiabank set a $130.00 price objective on shares of Datadog and gave the company an “outperform” rating in a report on Wednesday. Cantor Fitzgerald restated an “overweight” rating and set a $134.00 target price on shares of Datadog in a research report on Wednesday. Needham & Company LLC reduced their price target on shares of Datadog from $160.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Wolfe Research downgraded shares of Datadog from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. Seven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and an average target price of $141.54.

Datadog Trading Up 3.1 %

NASDAQ DDOG opened at $109.36 on Friday. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The company’s 50-day moving average price is $100.36 and its 200-day moving average price is $125.92. The stock has a market cap of $37.48 billion, a PE ratio of 214.43, a PEG ratio of 44.03 and a beta of 1.12.

Datadog (NASDAQ:DDOG) last issued its earnings results on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The business had revenue of $761.55 million for the quarter, compared to analyst estimates of $741.73 million. Datadog had a net margin of 6.85% and a return on equity of 8.28%. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period last year, the company posted $0.44 earnings per share. As a group, sell-side analysts forecast that Datadog, Inc. will post 0.34 earnings per share 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.