Jefferies Financial Group Inc. Sells 756,580 Shares of Datadog, Inc. (NASDAQ:DDOG)

Jefferies Financial Group Inc. cut its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 99.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,730 shares of the company’s stock after selling 756,580 shares during the period. Jefferies Financial Group Inc.’s holdings in Datadog were worth $676,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Retirement Wealth Solutions LLC bought a new stake in shares of Datadog in the fourth quarter valued at about $30,000. Avior Wealth Management LLC lifted its holdings in shares of Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after purchasing an additional 81 shares in the last quarter. Coppell Advisory Solutions LLC lifted its holdings in shares of Datadog by 178.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company’s stock valued at $40,000 after purchasing an additional 177 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Datadog in the fourth quarter valued at about $43,000. Finally, Itau Unibanco Holding S.A. lifted its holdings in shares of Datadog by 417.7% in the fourth quarter. Itau Unibanco Holding S.A. now owns 321 shares of the company’s stock valued at $46,000 after purchasing an additional 259 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Datadog Trading Down 1.6%

Datadog stock opened at $117.14 on Friday. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The stock’s 50 day moving average is $100.79 and its 200-day moving average is $125.59. The company has a market capitalization of $40.15 billion, a price-to-earnings ratio of 229.69, a PEG ratio of 44.03 and a beta of 1.12.

Datadog (NASDAQ:DDOG) last posted its earnings results on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.42 by $0.04. Datadog had a return on equity of 8.28% and a net margin of 6.85%. The company had revenue of $761.55 million for the quarter, compared to the consensus estimate of $741.73 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. As a group, equities research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Activity at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $102.15, for a total value of $12,983,775.75. Following the completion of the sale, the chief technology officer now directly owns 371,865 shares in the company, valued at approximately $37,986,009.75. The trade was a 25.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Amit Agarwal sold 25,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $114.21, for a total value of $2,855,250.00. Following the sale, the director now owns 82,324 shares of the company’s stock, valued at $9,402,224.04. The trade was a 23.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 559,867 shares of company stock worth $57,550,902. Company insiders own 11.78% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Scotiabank set a $130.00 price target on Datadog and gave the company an “outperform” rating in a report on Wednesday, May 7th. DA Davidson lifted their target price on Datadog from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Canaccord Genuity Group lowered their target price on Datadog from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Macquarie lowered their target price on Datadog from $175.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 7th. Finally, Morgan Stanley lowered their target price on Datadog from $143.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Seven investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $141.54.

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.