Datadog, Inc. (NASDAQ:DDOG) Shares Sold by National Bank of Canada FI

National Bank of Canada FI trimmed its stake in Datadog, Inc. (NASDAQ:DDOG) by 77.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,622 shares of the company’s stock after selling 160,888 shares during the quarter. National Bank of Canada FI’s holdings in Datadog were worth $6,805,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP grew its stake in shares of Datadog by 7.7% during the 4th quarter. Allworth Financial LP now owns 1,043 shares of the company’s stock valued at $146,000 after buying an additional 75 shares during the period. Spire Wealth Management boosted its holdings in Datadog by 21.4% in the fourth quarter. Spire Wealth Management now owns 453 shares of the company’s stock valued at $65,000 after acquiring an additional 80 shares during the last quarter. Avior Wealth Management LLC grew its position 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 acquiring an additional 81 shares during the period. Farther Finance Advisors LLC increased its stake in Datadog by 5.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company’s stock worth $265,000 after acquiring an additional 92 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Datadog by 16.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 663 shares of the company’s stock worth $95,000 after purchasing an additional 94 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Buying and Selling

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $142.78, for a total value of $18,148,051.90. Following the completion of the transaction, the chief technology officer now owns 324,778 shares in the company, valued at approximately $46,371,802.84. This represents a 28.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Olivier Pomel sold 11,195 shares of Datadog stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $139.86, for a total value of $1,565,732.70. Following the sale, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $53,103,862.98. This trade represents a 2.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 601,412 shares of company stock worth $75,444,584 in the last three months. 11.78% of the stock is owned by insiders.

Datadog Stock Performance

NASDAQ DDOG opened at $87.93 on Monday. Datadog, Inc. has a one year low of $82.71 and a one year high of $170.08. The company has a 50-day simple moving average of $119.52 and a 200-day simple moving average of $130.45. The firm has a market capitalization of $30.14 billion, a PE ratio of 172.42, a price-to-earnings-growth ratio of 44.03 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. Equities analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DDOG. Stifel Nicolaus downgraded shares of Datadog from a “buy” rating to a “hold” rating and dropped their target price for the stock from $165.00 to $140.00 in a research report on Wednesday, January 29th. Truist Financial lowered their price target on Datadog from $140.00 to $120.00 and set a “hold” rating for the company in a report on Monday, March 31st. Morgan Stanley reiterated an “equal weight” rating and issued a $143.00 target price on shares of Datadog in a research note on Thursday, January 16th. Citigroup reduced their price target on Datadog from $170.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Finally, Royal Bank of Canada increased their price objective on shares of Datadog from $151.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $157.22.

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.