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

Datadog, Inc. (NASDAQ:DDOG) was the target of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 11,720,000 shares, a decline of 11.8% from the January 31st total of 13,290,000 shares. Based on an average daily trading volume, of 5,260,000 shares, the short-interest ratio is presently 2.2 days.

Insider Activity at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total value of $17,948,497.05. Following the completion of the transaction, the chief technology officer now directly owns 324,778 shares of the company’s stock, valued at $45,861,901.38. The trade was a 28.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Amit Agarwal sold 25,000 shares of the stock in a transaction on 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 sale, the president now directly owns 195,667 shares in the company, valued at approximately $28,956,759.33. This trade represents a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 589,353 shares of company stock worth $86,544,020. Company insiders own 11.78% of the company’s stock.

Institutional Trading of Datadog

A number of institutional investors have recently bought and sold shares of DDOG. Siemens Fonds Invest GmbH raised its position in shares of Datadog by 2.4% in the 4th quarter. Siemens Fonds Invest GmbH now owns 5,856 shares of the company’s stock worth $844,000 after acquiring an additional 137 shares in the last quarter. Total Wealth Planning & Management Inc. acquired a new stake in Datadog during the fourth quarter worth approximately $314,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Datadog in the fourth quarter worth approximately $47,697,000. Azzad Asset Management Inc. ADV lifted its stake in Datadog by 8.5% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 20,761 shares of the company’s stock valued at $2,967,000 after buying an additional 1,622 shares during the period. Finally, Putney Financial Group LLC bought a new position in shares of Datadog during the 4th quarter worth approximately $32,000. Institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DDOG shares. Truist Financial decreased their price objective on shares of Datadog from $150.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. DA Davidson lifted their price target on Datadog from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Wells Fargo & Company downgraded Datadog from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $152.00 to $140.00 in a research report on Thursday, February 13th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $143.00 price objective on shares of Datadog in a research note on Thursday, January 16th. Finally, BMO Capital Markets boosted their target price on Datadog from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

Datadog Price Performance

Shares of Datadog stock traded down $3.48 during midday trading on Thursday, reaching $111.62. The company had a trading volume of 3,726,421 shares, compared to its average volume of 3,988,167. The stock has a fifty day moving average price of $136.50 and a 200 day moving average price of $131.85. Datadog has a fifty-two week low of $98.80 and a fifty-two week high of $170.08. The firm has a market cap of $38.26 billion, a PE ratio of 218.83, a P/E/G ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last issued its quarterly 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%. As a group, sell-side analysts forecast that Datadog will post 0.34 EPS for the current 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.