Guggenheim Capital LLC Cuts Position in Datadog, Inc. (NASDAQ:DDOG)

Guggenheim Capital LLC lowered its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 5.4% in the fourth quarter, Holdings Channel reports. The firm owned 112,310 shares of the company’s stock after selling 6,452 shares during the period. Guggenheim Capital LLC’s holdings in Datadog were worth $16,048,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DDOG. Retirement Wealth Solutions LLC purchased a new stake in Datadog during the fourth quarter worth approximately $30,000. Avior Wealth Management LLC lifted its holdings in shares of Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after acquiring an additional 81 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in Datadog during the 4th quarter worth $43,000. Summit Securities Group LLC purchased a new stake in Datadog during the 4th quarter worth $43,000. Finally, Friedenthal Financial acquired a new stake in Datadog in the 4th quarter valued at $54,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DDOG shares. Citigroup decreased their target price on Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Wolfe Research downgraded shares of Datadog from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. Royal Bank of Canada boosted their target price on shares of Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Stifel Nicolaus downgraded shares of Datadog from a “buy” rating to a “hold” rating and dropped their price target for the stock from $165.00 to $140.00 in a research note on Wednesday, January 29th. Finally, Macquarie reissued an “outperform” rating and issued a $200.00 price objective on shares of Datadog in a research report on Tuesday, February 11th. Seven equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $153.41.

Datadog Stock Up 0.7 %

Shares of DDOG stock opened at $92.55 on Wednesday. The company has a market cap of $31.72 billion, a P/E ratio of 181.47, a PEG ratio of 44.03 and a beta of 1.20. The business has a 50 day moving average of $109.98 and a two-hundred day moving average of $128.77. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. Analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $142.78, for a total transaction 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. The trade was a 28.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 107,365 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $87.33, for a total value of $9,376,185.45. Following the completion of the sale, the chief executive officer now owns 563,598 shares in the company, valued at approximately $49,219,013.34. This represents a 16.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 548,756 shares of company stock worth $62,219,250. Insiders own 11.78% of the company’s stock.

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.