Datadog, Inc. $DDOG Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC decreased its holdings in Datadog, Inc. (NASDAQ:DDOG) by 75.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,424 shares of the company’s stock after selling 7,522 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Datadog were worth $664,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Janus Henderson Group PLC boosted its position in shares of Datadog by 22.8% during the first quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock valued at $905,570,000 after buying an additional 1,439,082 shares during the last quarter. First Trust Advisors LP increased its holdings in Datadog by 81.5% in the 1st quarter. First Trust Advisors LP now owns 3,685,562 shares of the company’s stock worth $435,081,000 after buying an additional 1,654,429 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Datadog by 30.3% in the 1st quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company’s stock worth $312,340,000 after buying an additional 615,090 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Datadog by 197.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,443,008 shares of the company’s stock worth $669,018,000 after buying an additional 1,622,904 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Datadog by 162.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,571,018 shares of the company’s stock worth $185,459,000 after buying an additional 971,910 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog News Summary

Investors following DDOG have been watching these news items:

• Positive Sentiment: Analyst earnings-estimate revisions have been moving higher, while the stock’s steep recent decline has left it in technically oversold territory—factors that could support a rebound, though they do not guarantee one. Article: Down 37% in 4 Weeks, Here’s Why Datadog Looks Ripe for a Turnaround
• Neutral Sentiment: CTO Alexis Le-Quoc sold 49,961 shares under a pre-arranged Rule 10b5-1 trading plan. He retained 438,072 shares, making the sale less clearly a signal about his outlook for the company. SEC filing
• Neutral Sentiment: Management plans to present at upcoming investor conferences; the announcement itself provides no new financial outlook. Article: Datadog to Present at Upcoming Investor Conferences

Insider Buying and Selling at Datadog

In other news, CRO Sean Walters sold 11,710 shares of Datadog stock in a transaction on Friday, September 11th. The shares were sold at an average price of $221.04, for a total transaction of $2,588,378.40. Following the transaction, the executive owned 233,135 shares in the company, valued at $51,532,160.40. This trade represents a 4.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Kerry Acocella sold 5,280 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $228.85, for a total transaction of $1,208,328.00. Following the sale, the general counsel directly owned 115,243 shares of the company’s stock, valued at approximately $26,373,360.55. The trade was a 4.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 661,918 shares of company stock valued at $150,860,101. 6.48% of the stock is owned by corporate insiders.

Datadog Trading Up 0.0%

Shares of NASDAQ:DDOG opened at $184.46 on Friday. The stock’s 50-day simple moving average is $244.14 and its two-hundred day simple moving average is $201.04. The stock has a market capitalization of $66.24 billion, a price-to-earnings ratio of 222.15, a PEG ratio of 11.10 and a beta of 1.50. Datadog, Inc. has a 52-week low of $98.01 and a 52-week high of $300.68. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.51 and a current ratio of 3.51.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.64 by $0.17. Datadog had a net margin of 6.12% and a return on equity of 7.28%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The business’s revenue for the quarter was up 35.2% compared to the same quarter last year. Analysts expect that Datadog, Inc. will post 0.82 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on DDOG. The Goldman Sachs Group restated a “sell” rating and set a $158.00 target price on shares of Datadog in a research note on Friday, August 7th. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price target on shares of Datadog in a research note on Wednesday, November 4th. Rosenblatt Securities decreased their price objective on shares of Datadog from $305.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, November 5th. Weiss Ratings downgraded shares of Datadog from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Finally, BMO Capital Markets set a $300.00 price objective on shares of Datadog in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $278.43.

Datadog Profile

Datadog, Inc. provides a cloud-based monitoring and security platform that helps organizations observe and manage their technology environments. Its tools collect and analyze data from applications, infrastructure, networks, and other systems to help teams detect issues and improve performance. The company’s products include infrastructure monitoring, application performance monitoring, log management, digital experience monitoring, database and network monitoring, and security tools. Datadog also offers capabilities for incident management and cloud security.