Hancock Whitney Corp Purchases 1,486 Shares of Datadog, Inc. (NASDAQ:DDOG)

Hancock Whitney Corp grew its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 57.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,082 shares of the company’s stock after acquiring an additional 1,486 shares during the quarter. Hancock Whitney Corp’s holdings in Datadog were worth $583,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Retirement Wealth Solutions LLC acquired a new position in Datadog during the fourth quarter worth $30,000. Avior Wealth Management LLC lifted its position in Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after buying an additional 81 shares in the last quarter. Coppell Advisory Solutions LLC boosted its stake in shares of Datadog by 178.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company’s stock worth $40,000 after buying an additional 177 shares during the last quarter. Kieckhefer Group LLC bought a new position in shares of Datadog in the 4th quarter valued at about $43,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Datadog in the fourth quarter valued at about $43,000. 78.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on DDOG shares. Wolfe Research cut Datadog from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. DA Davidson decreased their target price on shares of Datadog from $165.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Rosenblatt Securities upped their price target on shares of Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Cantor Fitzgerald assumed coverage on shares of Datadog in a research report on Friday, January 17th. They issued an “overweight” rating and a $180.00 price objective for the company. Finally, Barclays dropped their target price on shares of Datadog from $180.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Seven research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $150.33.

Insider Activity

In other Datadog news, CEO Olivier Pomel sold 107,365 shares of the business’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 transaction of $9,376,185.45. Following the completion of the transaction, the chief executive officer now directly owns 563,598 shares in the company, valued at $49,219,013.34. The trade was a 16.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $142.78, for a total value of $18,148,051.90. Following the sale, the chief technology officer now owns 324,778 shares of the company’s stock, valued at approximately $46,371,802.84. This represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 523,756 shares of company stock worth $58,732,500. 11.78% of the stock is currently owned by corporate insiders.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $101.52 on Friday. The business’s 50 day simple moving average is $102.74 and its 200 day simple moving average is $127.33. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08. The company has a market capitalization of $34.80 billion, a P/E ratio of 199.06, a P/E/G ratio of 44.03 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last issued its quarterly 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 return on equity of 8.28% and a net margin of 6.85%. On average, sell-side analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal 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.