Ensign Peak Advisors Inc Sells 16,768 Shares of Datadog, Inc. (NASDAQ:DDOG)

Ensign Peak Advisors Inc trimmed its position in Datadog, Inc. (NASDAQ:DDOG) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 917,085 shares of the company’s stock after selling 16,768 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Datadog were worth $131,042,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Retirement Wealth Solutions LLC purchased a new stake in shares of Datadog during the 4th quarter worth approximately $30,000. Avior Wealth Management LLC raised its stake in Datadog by 55.9% during 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 position in Datadog by 178.8% during 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 during the last quarter. Kieckhefer Group LLC purchased a new position in shares of Datadog in the 4th quarter worth $43,000. Finally, Summit Securities Group LLC bought a new stake in shares of Datadog in the 4th quarter worth about $43,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Wedbush lowered their price target on shares of Datadog from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday. JMP Securities reiterated a “market perform” rating on shares of Datadog in a report on Friday, February 14th. Barclays increased their price target on Datadog from $125.00 to $128.00 and gave the company an “overweight” rating in a report on Tuesday. Morgan Stanley reduced their target price on shares of Datadog from $143.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Finally, BTIG Research set a $136.00 price objective on shares of Datadog and gave the stock a “buy” rating in a research report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat, Datadog has an average rating of “Moderate Buy” and a consensus target price of $141.54.

Insider Transactions at Datadog

In related news, Director Amit Agarwal sold 10,167 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $115.86, for a total transaction of $1,177,948.62. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Sean Michael Walters sold 8,454 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total value of $862,646.16. Following the completion of the sale, the executive now owns 185,871 shares of the company’s stock, valued at approximately $18,966,276.84. This trade represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 385,456 shares of company stock valued at $39,018,715. Corporate insiders own 11.78% of the company’s stock.

Datadog Price Performance

Shares of DDOG stock opened at $109.36 on Friday. The company has a market cap of $37.48 billion, a P/E ratio of 214.43, a PEG ratio of 44.03 and a beta of 1.12. The stock’s 50-day moving average is $100.36 and its 200 day moving average is $125.92. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. Datadog had a net margin of 6.85% and a return on equity of 8.28%. The firm had revenue of $761.55 million for the quarter, compared to the consensus estimate of $741.73 million. During the same quarter in the previous year, the firm earned $0.44 EPS. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. On average, analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

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.