Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 708,052 shares of the company’s stock after selling 15,082 shares during the period. Thrivent Financial for Lutherans’ holdings in Datadog were worth $101,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DDOG. True Wealth Design LLC raised its position in shares of Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after acquiring an additional 240 shares during the period. Retirement Wealth Solutions LLC acquired a new position in shares of Datadog in the fourth quarter worth about $30,000. Avior Wealth Management LLC raised its position in shares of Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after acquiring an additional 81 shares during the period. Meeder Asset Management Inc. raised its position in shares of Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after acquiring an additional 115 shares during the period. Finally, Quarry LP acquired a new position in shares of Datadog in the third quarter worth about $33,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Price Performance

Datadog stock opened at $102.93 on Wednesday. The firm has a 50 day simple moving average of $129.20 and a 200-day simple moving average of $131.18. Datadog, Inc. has a 1-year low of $98.30 and a 1-year high of $170.08. The stock has a market cap of $35.28 billion, a price-to-earnings ratio of 201.83, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22.

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

Analyst Upgrades and Downgrades

DDOG has been the subject of a number of analyst reports. Royal Bank of Canada upped their price objective on shares of Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. DA Davidson upped their price objective on shares of Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Stifel Nicolaus downgraded shares of Datadog from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $165.00 to $140.00 in a research report on Wednesday, January 29th. Wolfe Research downgraded shares of Datadog from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $160.00 price target on shares of Datadog in a research report on Tuesday, March 4th. One 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 company presently has an average rating of “Moderate Buy” and a consensus target price of $158.70.

Insider Activity

In related news, CRO Sean Michael Walters sold 8,454 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total transaction of $862,646.16. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $142.12, for a total transaction of $1,125,021.92. Following the transaction, the director now directly owns 427,785 shares of the company’s stock, valued at $60,796,804.20. The trade was a 1.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 626,412 shares of company stock valued at $79,144,334 in the last 90 days. Company insiders own 11.78% of the company’s stock.

Datadog Company 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.