Teza Capital Management LLC Cuts Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Teza Capital Management LLC decreased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 24.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,061 shares of the company’s stock after selling 2,972 shares during the quarter. Teza Capital Management LLC’s holdings in Datadog were worth $1,295,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of DDOG. Avior Wealth Management LLC grew its holdings in shares of Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after purchasing an additional 81 shares in the last quarter. Coppell Advisory Solutions LLC lifted its position in Datadog by 178.8% in 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. Summit Securities Group LLC bought a new stake in Datadog in the 4th quarter worth approximately $43,000. Itau Unibanco Holding S.A. lifted its position in Datadog by 417.7% in the 4th quarter. Itau Unibanco Holding S.A. now owns 321 shares of the company’s stock worth $46,000 after buying an additional 259 shares during the last quarter. Finally, Shell Asset Management Co. bought a new stake in Datadog in the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Up 0.5%

Shares of Datadog stock opened at $117.67 on Monday. The company has a market cap of $40.64 billion, a PE ratio of 230.73, a P/E/G ratio of 44.03 and a beta of 1.12. The business has a 50 day moving average of $101.10 and a 200 day moving average of $125.50. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.04. The company had revenue of $761.55 million for the quarter, compared to analysts’ expectations of $741.73 million. Datadog had a return on equity of 8.28% and a net margin of 6.85%. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 earnings per share. On average, research analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DDOG. Needham & Company LLC dropped their target price on Datadog from $160.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. Wolfe Research downgraded Datadog from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. Canaccord Genuity Group dropped their target price on Datadog from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. Macquarie lowered their price objective on Datadog from $175.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Datadog in a research report on Tuesday, May 6th. Seven equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $141.54.

Insider Buying and Selling

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the completion of the transaction, the chief technology officer now directly owns 371,865 shares in the company, valued at $37,986,009.75. This trade represents a 25.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Olivier Pomel sold 107,365 shares of Datadog stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $109.56, for a total value of $11,762,909.40. Following the completion of the transaction, the chief executive officer now directly owns 435,793 shares of the company’s stock, valued at approximately $47,745,481.08. This represents a 19.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 584,867 shares of company stock valued at $60,517,652 over the last ninety days. Company 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.