Beck Bode LLC trimmed its holdings in Datadog, Inc. (NASDAQ:DDOG – Free Report) by 70.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,067 shares of the company’s stock after selling 39,100 shares during the quarter. Beck Bode LLC’s holdings in Datadog were worth $1,167,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in DDOG. Privium Fund Management B.V. raised its holdings in shares of Datadog by 13.8% during the 1st quarter. Privium Fund Management B.V. now owns 66,000 shares of the company’s stock worth $4,796,000 after acquiring an additional 8,000 shares in the last quarter. LA Financiere DE L Echiquier raised its holdings in shares of Datadog by 12.4% during the 1st quarter. LA Financiere DE L Echiquier now owns 363,000 shares of the company’s stock worth $26,376,000 after acquiring an additional 40,000 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of Datadog by 39.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,771 shares of the company’s stock worth $347,000 after acquiring an additional 1,354 shares in the last quarter. Ogorek Anthony Joseph NY ADV raised its holdings in shares of Datadog by 381.0% during the 1st quarter. Ogorek Anthony Joseph NY ADV now owns 481 shares of the company’s stock worth $34,000 after acquiring an additional 381 shares in the last quarter. Finally, Baillie Gifford & Co. raised its holdings in shares of Datadog by 5.6% during the 1st quarter. Baillie Gifford & Co. now owns 6,094,802 shares of the company’s stock worth $442,848,000 after acquiring an additional 324,130 shares in the last quarter. 67.25% of the stock is currently owned by institutional investors.
Insider Activity
In other news, President Amit Agarwal sold 151,900 shares of the company’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $77.73, for a total value of $11,807,187.00. Following the sale, the president now directly owns 280,144 shares of the company’s stock, valued at approximately $21,775,593.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Olivier Pomel sold 85,637 shares of the stock in a transaction on Monday, May 8th. The shares were sold at an average price of $77.10, for a total transaction of $6,602,612.70. Following the sale, the chief executive officer now directly owns 355,138 shares of the company’s stock, valued at $27,381,139.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Amit Agarwal sold 151,900 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $77.73, for a total transaction of $11,807,187.00. Following the sale, the president now directly owns 280,144 shares in the company, valued at $21,775,593.12. The disclosure for this sale can be found here. Insiders have sold 932,199 shares of company stock valued at $87,435,773 in the last ninety days. Insiders own 14.97% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on DDOG shares. DA Davidson started coverage on Datadog in a report on Wednesday, April 5th. They set a “neutral” rating and a $70.00 price objective on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $100.00 target price on shares of Datadog in a research note on Tuesday, July 18th. William Blair reiterated an “outperform” rating on shares of Datadog in a research note on Friday, May 5th. Royal Bank of Canada dropped their price target on Datadog from $100.00 to $85.00 in a research report on Monday, May 1st. Finally, Wolfe Research raised Datadog from a “peer perform” rating to an “outperform” rating and set a $140.00 price target on the stock in a research report on Monday. Six investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $106.50.
Datadog Stock Performance
Datadog stock traded up $2.73 during mid-day trading on Friday, reaching $112.19. 2,852,892 shares of the company traded hands, compared to its average volume of 4,986,797. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.19 and a quick ratio of 3.19. Datadog, Inc. has a fifty-two week low of $61.34 and a fifty-two week high of $120.75. The company has a market capitalization of $36.11 billion, a price-to-earnings ratio of -415.50 and a beta of 0.93. The firm’s fifty day moving average is $100.19 and its two-hundred day moving average is $82.97.
Datadog (NASDAQ:DDOG – Get Free Report) last issued its quarterly earnings results on Thursday, May 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). Datadog had a negative net margin of 4.68% and a negative return on equity of 4.86%. The company had revenue of $481.71 million for the quarter, compared to analyst estimates of $468.29 million. On average, equities research analysts expect that Datadog, Inc. will post -0.15 earnings per share for the current fiscal year.
Datadog Company Profile
Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company’s products include infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, network monitoring, incident management, observability pipelines, cloud cost management, universal service monitoring, cloud security management, application security management.