Datadog, Inc. (NASDAQ:DDOG) Short Interest Update

Datadog, Inc. (NASDAQ:DDOG) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 11,310,000 shares, a decrease of 12.4% from the February 28th total of 12,910,000 shares. Currently, 3.8% of the company’s shares are sold short. Based on an average daily volume of 4,960,000 shares, the short-interest ratio is presently 2.3 days.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. DA Davidson raised their target price on Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Truist Financial reduced their price objective on shares of Datadog from $140.00 to $120.00 and set a “hold” rating on the stock in a research note on Monday. Guggenheim reaffirmed a “neutral” rating on shares of Datadog in a research note on Wednesday, January 22nd. Jefferies Financial Group reduced their price target on shares of Datadog from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Royal Bank of Canada upped 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 investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $157.22.

Insider Buying and Selling at Datadog

In other Datadog news, CRO Sean Michael Walters sold 8,454 shares of the company’s stock in a transaction 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 sale, the executive now owns 185,871 shares in the company, valued at approximately $18,966,276.84. The trade was a 4.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction on 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 directly owns 324,778 shares in the company, valued at approximately $46,371,802.84. This trade represents a 28.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 601,412 shares of company stock worth $75,444,584. Company insiders own 11.78% of the company’s stock.

Hedge Funds Weigh In On Datadog

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Datadog by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 30,354,229 shares of the company’s stock valued at $4,337,316,000 after acquiring an additional 220,527 shares during the period. Baillie Gifford & Co. lifted its stake in Datadog by 15.8% in the 4th quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company’s stock valued at $1,558,234,000 after purchasing an additional 1,484,562 shares during the last quarter. Jennison Associates LLC grew its holdings in Datadog by 47.9% during the fourth quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock worth $1,325,826,000 after purchasing an additional 3,005,300 shares during the period. Groupama Asset Managment increased its position in Datadog by 407.6% during the fourth quarter. Groupama Asset Managment now owns 6,600,000 shares of the company’s stock worth $943,074,000 after buying an additional 5,299,688 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Datadog by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 5,684,612 shares of the company’s stock valued at $811,076,000 after buying an additional 499,055 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Down 6.4 %

Shares of NASDAQ:DDOG traded down $6.51 during midday trading on Thursday, reaching $95.20. The company had a trading volume of 1,009,077 shares, compared to its average volume of 4,189,631. Datadog has a 1-year low of $95.22 and a 1-year high of $170.08. The stock has a market cap of $32.63 billion, a PE ratio of 187.18, a P/E/G ratio of 44.03 and a beta of 1.22. The business’s 50 day moving average price is $121.49 and its 200 day moving average price is $130.62.

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 return on equity of 8.28% and a net margin of 6.85%. On average, research analysts expect that Datadog will post 0.34 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.