Datadog, Inc. (NASDAQ:DDOG) Short Interest Down 11.6% in January

Datadog, Inc. (NASDAQ:DDOG) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 13,290,000 shares, a decline of 11.6% from the January 15th total of 15,040,000 shares. Based on an average daily volume of 4,910,000 shares, the short-interest ratio is currently 2.7 days.

Datadog Stock Performance

DDOG traded down $0.38 during trading on Tuesday, reaching $130.63. The stock had a trading volume of 8,965,932 shares, compared to its average volume of 5,114,028. The stock has a market cap of $44.38 billion, a PE ratio of 246.48, a PEG ratio of 16.83 and a beta of 1.15. Datadog has a one year low of $98.80 and a one year high of $170.08. The business has a 50-day moving average of $144.49 and a 200-day moving average of $131.36.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, February 13th. The company reported $0.13 EPS 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%. Equities research analysts forecast that Datadog will post 0.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Olivier Pomel sold 178,723 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $161.28, for a total value of $28,824,445.44. Following the transaction, the chief executive officer now owns 379,693 shares in the company, valued at $61,236,887.04. The trade was a 32.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Kerry Acocella sold 2,488 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total value of $393,203.52. Following the completion of the transaction, the general counsel now owns 68,758 shares in the company, valued at $10,866,514.32. The trade was a 3.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 627,586 shares of company stock valued at $92,540,479. Corporate insiders own 11.78% of the company’s stock.

Institutional Trading of Datadog

Several institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP boosted its position in Datadog by 7.7% during the fourth 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 position in Datadog by 21.4% during the fourth quarter. Spire Wealth Management now owns 453 shares of the company’s stock valued at $65,000 after buying an additional 80 shares during the period. Avior Wealth Management LLC boosted 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 buying an additional 81 shares during the period. Pathstone Holdings LLC boosted its position in Datadog by 0.4% during the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock valued at $2,664,000 after buying an additional 91 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in Datadog by 5.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company’s stock valued at $265,000 after buying an additional 92 shares during the period. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Mizuho boosted their target price on Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. TD Cowen reiterated a “buy” rating and issued a $165.00 price objective on shares of Datadog in a research note on Tuesday, November 19th. Truist Financial dropped their price objective on Datadog from $150.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday. Morgan Stanley reiterated an “equal weight” rating and issued a $143.00 price objective on shares of Datadog in a research note on Thursday, January 16th. Finally, Scotiabank dropped their price objective on Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $158.39.

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.