First Horizon Advisors Inc. Has $106,000 Stock Position in Datadog, Inc. (NASDAQ:DDOG)

First Horizon Advisors Inc. lessened its holdings in Datadog, Inc. (NASDAQ:DDOG) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 870 shares of the company’s stock after selling 81 shares during the period. First Horizon Advisors Inc.’s holdings in Datadog were worth $106,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Anchor Investment Management LLC bought a new stake in shares of Datadog during the 4th quarter worth $25,000. Private Trust Co. NA boosted its holdings in Datadog by 743.3% during the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after acquiring an additional 223 shares during the period. BluePath Capital Management LLC acquired a new stake in shares of Datadog in the third quarter valued at about $31,000. GAMMA Investing LLC bought a new position in shares of Datadog in the fourth quarter worth about $45,000. Finally, AM Squared Ltd acquired a new position in shares of Datadog during the 3rd quarter worth about $36,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Datadog news, President Amit Agarwal sold 33,311 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $128.58, for a total transaction of $4,283,128.38. Following the completion of the transaction, the president now owns 294,012 shares in the company, valued at approximately $37,804,062.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Datadog news, President Amit Agarwal sold 33,311 shares of Datadog stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $128.58, for a total value of $4,283,128.38. Following the completion of the sale, the president now directly owns 294,012 shares in the company, valued at $37,804,062.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Olivier Pomel sold 23,924 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $130.05, for a total transaction of $3,111,316.20. Following the sale, the chief executive officer now directly owns 337,247 shares of the company’s stock, valued at approximately $43,858,972.35. The disclosure for this sale can be found here. Insiders have sold a total of 626,593 shares of company stock valued at $80,422,044 over the last ninety days. 11.78% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DDOG shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $155.00 target price (up previously from $140.00) on shares of Datadog in a report on Wednesday, February 14th. Truist Financial increased their price target on shares of Datadog from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Barclays boosted their price target on Datadog from $138.00 to $152.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Wolfe Research boosted their price objective on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Finally, Robert W. Baird lifted their price target on shares of Datadog from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Five investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $136.04.

Datadog Stock Up 2.2 %

NASDAQ:DDOG opened at $126.97 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17. Datadog, Inc. has a one year low of $75.02 and a one year high of $138.61. The firm’s 50 day simple moving average is $124.94 and its 200 day simple moving average is $118.97. The company has a market cap of $42.14 billion, a PE ratio of 1,058.08 and a beta of 1.14.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $589.65 million for the quarter, compared to analysts’ expectations of $568.73 million. Datadog had a net margin of 2.28% and a return on equity of 3.79%. Datadog’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. On average, research analysts anticipate that Datadog, Inc. will post -0.14 earnings per share for the current year.

Datadog 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.