Simplicity Solutions LLC Decreases Holdings in Datadog, Inc. (NASDAQ:DDOG)

Simplicity Solutions LLC trimmed its position in Datadog, Inc. (NASDAQ:DDOG) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,812 shares of the company’s stock after selling 167 shares during the quarter. Simplicity Solutions LLC’s holdings in Datadog were worth $463,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in DDOG. Anchor Investment Management LLC purchased a new position in shares of Datadog in the fourth quarter worth $25,000. BluePath Capital Management LLC purchased a new position in shares of Datadog in the third quarter worth $31,000. Private Trust Co. NA increased its stake in shares of Datadog by 743.3% in the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after buying an additional 223 shares during the period. AM Squared Ltd bought a new stake in Datadog in the third quarter valued at $36,000. Finally, KB Financial Partners LLC bought a new stake in Datadog in the first quarter valued at $37,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DDOG. Citigroup lifted their price target on shares of Datadog from $125.00 to $150.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Barclays lifted their price target on shares of Datadog from $138.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Wells Fargo & Company lifted their price target on shares of Datadog from $100.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. Mizuho lifted their price target on shares of Datadog from $108.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $150.00 price target on shares of Datadog in a report on Wednesday. Six research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $130.52.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $125.02 on Friday. Datadog, Inc. has a fifty-two week low of $62.60 and a fifty-two week high of $138.61. The business has a 50-day simple moving average of $126.18 and a two-hundred day simple moving average of $115.55. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17. The firm has a market cap of $41.49 billion, a price-to-earnings ratio of 1,041.83 and a beta of 1.15.

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

Insider Activity

In other news, CRO Sean Michael Walters sold 20,692 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $128.58, for a total transaction of $2,660,577.36. Following the completion of the sale, the executive now owns 182,593 shares of the company’s stock, valued at approximately $23,477,807.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Olivier Pomel sold 10,000 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $130.00, for a total transaction of $1,300,000.00. Following the completion of the sale, the chief executive officer now owns 299,075 shares of the company’s stock, valued at approximately $38,879,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Sean Michael Walters sold 20,692 shares of the business’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 value of $2,660,577.36. Following the transaction, the executive now owns 182,593 shares of the company’s stock, valued at $23,477,807.94. The disclosure for this sale can be found here. Insiders sold 745,984 shares of company stock valued at $95,917,681 in the last quarter. 14.97% of the stock is currently owned by insiders.

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.