Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Prudential PLC

Prudential PLC cut its position in Datadog, Inc. (NASDAQ:DDOG) by 0.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,354 shares of the company’s stock after selling 96 shares during the period. Prudential PLC’s holdings in Datadog were worth $6,186,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DDOG. Brighton Jones LLC acquired a new position in Datadog during the fourth quarter valued at $209,000. Townsquare Capital LLC raised its stake in shares of Datadog by 15.0% during the 4th quarter. Townsquare Capital LLC now owns 3,303 shares of the company’s stock valued at $472,000 after buying an additional 432 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Datadog by 6.4% in the 4th quarter. Summit Investment Advisors Inc. now owns 9,965 shares of the company’s stock valued at $1,424,000 after buying an additional 603 shares during the period. SageView Advisory Group LLC lifted its holdings in shares of Datadog by 4.9% in the 4th quarter. SageView Advisory Group LLC now owns 2,176 shares of the company’s stock valued at $311,000 after buying an additional 101 shares during the period. Finally, Ontario Teachers Pension Plan Board purchased a new stake in shares of Datadog in the fourth quarter worth about $571,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Datadog news, CEO Olivier Pomel sold 32,923 shares of Datadog stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $130.38, for a total transaction of $4,292,500.74. Following the transaction, the chief executive officer directly owned 548,715 shares of the company’s stock, valued at $71,541,461.70. The trade was a 5.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Sean Michael Walters sold 9,469 shares of the business’s stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $150.00, for a total transaction of $1,420,350.00. Following the completion of the transaction, the executive owned 212,324 shares in the company, valued at $31,848,600. The trade was a 4.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 846,051 shares of company stock worth $107,936,283. 8.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DDOG has been the subject of several recent research reports. Needham & Company LLC set a $140.00 price target on Datadog and gave the company a “buy” rating in a research report on Thursday, June 12th. Macquarie cut their target price on shares of Datadog from $175.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. Stifel Nicolaus boosted their target price on shares of Datadog from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Thursday, June 26th. Cantor Fitzgerald raised their price target on shares of Datadog from $171.00 to $179.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Finally, Morgan Stanley lifted their price objective on shares of Datadog from $115.00 to $165.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $151.72.

Datadog Stock Down 0.2%

Shares of NASDAQ DDOG opened at $128.71 on Thursday. The stock has a market cap of $44.45 billion, a PE ratio of 367.75, a P/E/G ratio of 61.72 and a beta of 1.02. The company has a current ratio of 3.43, a quick ratio of 2.74 and a debt-to-equity ratio of 0.31. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08. The company has a 50-day moving average of $135.79 and a 200 day moving average of $120.65.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. Datadog had a return on equity of 5.04% and a net margin of 4.13%. The business had revenue of $826.76 million during the quarter, compared to analyst estimates of $791.72 million. During the same period in the prior year, the business earned $0.43 earnings per share. The business’s revenue was up 28.1% compared to the same quarter last year. As a group, sell-side analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal 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.