Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC trimmed its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,289 shares of the company’s stock after selling 325 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Datadog were worth $899,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC lifted its position in Datadog by 172.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company’s stock worth $4,469,000 after acquiring an additional 24,574 shares during the period. Heritage Investors Management Corp acquired a new stake in Datadog during the 3rd quarter worth approximately $1,157,000. Atom Investors LP acquired a new stake in Datadog during the 3rd quarter worth approximately $1,112,000. Parnassus Investments LLC lifted its position in Datadog by 28.4% during the 3rd quarter. Parnassus Investments LLC now owns 185,329 shares of the company’s stock worth $21,324,000 after acquiring an additional 40,952 shares during the period. Finally, Jennison Associates LLC lifted its position in Datadog by 2.1% during the 3rd quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock worth $721,811,000 after acquiring an additional 126,613 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DDOG has been the subject of a number of recent research reports. Scotiabank decreased their price objective on Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a research report on Friday, November 8th. JMP Securities reissued a “market perform” rating on shares of Datadog in a report on Friday. Robert W. Baird raised their price target on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Monness Crespi & Hardt raised Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a report on Thursday, November 7th. Finally, TD Cowen reissued a “buy” rating and issued a $165.00 price target on shares of Datadog in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $158.39.

Insider Activity at Datadog

In other Datadog news, CRO Sean Michael Walters sold 4,244 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $135.00, for a total transaction of $572,940.00. Following the transaction, the executive now owns 179,367 shares in the company, valued at $24,214,545. The trade was a 2.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Amit Agarwal sold 25,000 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $147.99, for a total value of $3,699,750.00. Following the transaction, the president now owns 195,667 shares in the company, valued at approximately $28,956,759.33. This represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 627,586 shares of company stock worth $92,540,479. 11.78% of the stock is owned by insiders.

Datadog Stock Down 3.6 %

DDOG stock opened at $131.01 on Monday. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08. The stock has a market capitalization of $44.51 billion, a price-to-earnings ratio of 247.19, a price-to-earnings-growth ratio of 16.83 and a beta of 1.15. The stock’s fifty day simple moving average is $145.10 and its 200-day simple moving average is $131.13.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 7.58% and a return on equity of 9.41%. As a group, analysts anticipate that Datadog, Inc. will post 0.53 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 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.